Reinsurance News
Liberty Mutual Re opens Singapore office, adds regional manager
14th January 2020
Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, has opened a new office in Singapore and appointed Annie Leong as regional underwriter manager in Asia Pacific. The reinsurer will be operating with a full treaty license as part of the LSM Asia Pacific office in Singapore and will ... Read the full article
ArgoGlobal bolsters leadership team with dual hires
14th January 2020
Lloyd's of London insurer and Argo Group subsidiary ArgoGlobal has added Jeremy Shallow as head of international specialty and Ross MacDonald as head of non-US international casualty. Both appointments are effective immediately and will report to John Moffatt, active underwriter of Syndicate 1200 and Nigel Mortimer, head of international casualty, respectively. Shallow ... Read the full article
Blackstone hires Gilles Dellaert to lead Insurance Solutions business
14th January 2020
U.S investment giant Blackstone has announced the appointment of Gilles Dellaert as Head of its insurance division, Blackstone Insurance Solutions (BIS), effective April 1, 2020. Dellaert was formerly Co-President and Chief Investment Officer at retirement and life insurance company Global Atlantic. In these roles, he was responsible for investment and reinsurance activity ... Read the full article
Tremor to bring unprecedented speed & accuracy to more deals, says CEO
14th January 2020
Tremor, the programmatic insurance and reinsurance risk transfer marketplace, is excited by its statistics after a successful 2019 and is looking forward to completing quicker, more accurate placements in 2020 and beyond. In August of 2018, Tremor announced that its open, technology-driven, programmatic reinsurance risk placement marketplace was ready for business, ... Read the full article
Swiss Re CorSo & kWh collaborate to expand solar energy adoption
14th January 2020
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has entered into an Agency Agreement with solar risk management firm, kWh Analytics, designed to accelerate the growth of solar energy. According to Swiss Re and kWh Analytics, the InsurTech collaboration establishes a completely new category of risk ... Read the full article
BGC’s Piiq Risk Partners adds Ian George as Senior Partner
14th January 2020
Piiq Risk Partners, the recently branded global aerospace brokerage of BGC Insurance Group, has announced the appointment of Ian George as Senior Partner. Set to join the firm later this year, George brings 23 years of global experience in both the aviation and space sectors. He joins Piiq from Willis Towers ... Read the full article
Demotech warns of downgrades for Florida insurers
14th January 2020
Financial analysis firm Demotech has warned that it is anticipating downgrades for several insurance carriers in Florida, due to a number of state-specific pressures on financial performance. Analysts noted that some carriers will likely seek a sale to avoid being downgraded, while others may ask for permission to voluntarily run-off outstanding ... Read the full article
MS Amlin launches specialist equine MGA
14th January 2020
Global re/insurer MS Amlin has launched David Ashby Underwriting Ltd, a specialist equine MGA formed following the buyout of MS Amlin’s equine book of business and renewal rights. Former managing director and principal underwriter for Equine at MS Amlin, David Ashby, will serve as Chief Executive Officer and Chief Underwriting Officer ... Read the full article
Lee Stevenson joins LineSlip Solutions as President
14th January 2020
LineSlip Solutions, a commercial insurance-focused SaaS company, has appointed Lee Stevenson as President. Stevenson will look to drive sales and support company growth and joins after 25 years at Marsh. He most recently served as a managing director and operations & technology leader for the US and Canada. “Having Lee Stevenson join LineSlip ... Read the full article
BLM adds Clyde & Co’s McNerlin to London office
14th January 2020
BLM, an insurance risk and commercial law firm, has appointed Jason McNerlin to its London office and as head of product recall and liability. McNerlin, a specialist in product recall and product liability, joins after five years at Clyde & Co and brings 20 years’ experience to the role. His experience includes ... Read the full article
New Paradigm recruits Matthew Grunewald from Greenlight Re
14th January 2020
New Paradigm Underwriters, a specialist managing general underwriter and insurtech platform focused on parametric risk transfer, has appointed Matthew Grunewald as Executive Vice President (EVP) for Underwriting and Risk Capital. In this newly created role, he will be responsible for developing and underwriting parametric reinsurance and alternative risk transfer solutions, sourcing ... Read the full article
Catalina Holdings adds Old Mutual & Guardian Life execs to board
14th January 2020
Catalina Holdings, the Bermuda-headquartered non-life run-off and legacy insurance and reinsurance specialist, has appointed Bruce Hemphill and Thomas Sorell to its board of directors. Effective from December 2019, the two senior insurance executives will become Non-Executive Directors (NEDs) on the board. Hemphill was the Chief Executive Officer (CEO) at Old Mutual PLC, ... Read the full article
Robin Sidders named Head of Investor Relations at IGI
14th January 2020
International commercial insurer and reinsurer, International General Insurance Holdings Limited (IGI), has hired Robin Sidders as Head of Investor Relations, effective January 13th, 2020. In her new role, Sidders will be based in London and will work closely with IGI's executive team and senior management, as well as the company's Board ... Read the full article
ICA puts Australian bushfire losses at A$1.34bn, expects sharp increase
14th January 2020
The Insurance Council of Australia (ICA) has revealed that insurers have now received 13,750 bushfire catastrophe-related claims since November 8th, with industry losses estimated at AUD 1.34 billion (approximately USD 925 million). The ICA has warned that it is anticipating a further "sharp increase" in claims this week after commercial claims ... Read the full article
Solvency II 2020 review could disrupt re/insurers’ solvency ratios: S&P
14th January 2020
Re/insurers could see their Solvency II ratio impacted between 30 and 70 percentage points as the industry gears up for the long-awaited 2020 review of the European regulation, according to S&P Global Ratings. Following a request by the European Commission, the European Insurance and Occupational Pensions Authority (EIOPA) in October 2019 ... Read the full article
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