Reinsurance News
Astaara adds Howard Potter as head of marine cyber
14th September 2020
Astaara, a newly launched insurer focusing on cyber threats in the maritime industry, has added Howard Potter as head of marine cyber. Potter has over 25 years’ industry experience and joins from RSA Group, where he served as global product director for marine. In 2000, he moved to CNA Maritime as branch ... Read the full article
HDI Global partners with RMP on insurance policy for universities
14th September 2020
Business Insurance provider, HDI Global has announced that it will be providing capacity on an exclusive basis for higher education risks through risk management provider, RMP. This partnership will enable RMP and HDI work exclusively together to develop risk management solutions for the higher education sector, which currently is facing multiple ... Read the full article
Lloyd’s hires Uwe Schoberth as US Market Development Director
14th September 2020
Insurance and reinsurance marketplace Lloyd’s of London has announced the appointment of Uwe Schoberth as US Market Development Director. In this newly created role, Schoberth will focus on expanding strategic relationships with retail, wholesale and reinsurance brokers in Lloyd’s largest market. Collaborating with business development teams in London and the US, he ... Read the full article
More rate needed for industry to be sustainable: Swiss Re CEO Mumenthaler
14th September 2020
The reinsurance industry needs to secure more in the way of rate increases for it to be sustainable, according to Swiss Re's Group Chief Executive Officer (CEO) Christian Mumenthaler. Speaking in a video interview for the Artemis Live series from our sister website, ... Read the full article
Hannover Re US & Somerset Re announce CEO transition as Kelleher retires
14th September 2020
Somerset Reinsurance Ltd.'s founding Chief Executive Officer (CEO), Patrick Kelleher, is set to retire at the end of the year and will be succeeded by Jeff Burt, President of Hannover Life Reassurance Company of America, part of Hannover Re Group, and Chairman of Somerset Re. Following his retirement, effective December 31st, ... Read the full article
CoreLogic appoints Mick Noland to lead global insurance solutions business
14th September 2020
Property information and analytics provider CoreLogic has added Mick Noland as executive, general manager, insurance solutions. Noland will oversee all CoreLogic solutions for the global property insurance industry. He has over 25 years' experience in the property and casualty industry and has previously served in roles at MetLife, The Hartford, USAA, Nationwide ... Read the full article
AXIS Insurance recruits head of specialty aviation business in Europe
14th September 2020
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, has announced that Filip Vandeputte has been appointed to lead its AXIS Specialty Europe aviation business in continental Europe. In this role, Vandeputte will serve as Branch Manager and Brussels Office Lead for Aviabel, as well as Branch Manager ... Read the full article
Global reinsurers COVID-19 asset-side hit “completely neutralized”, says WTW
14th September 2020
Analysis by insurance and reinsurance broker, Willis Towers Watson (WTW), reveals that the recovery in investment markets has "completely neutralized the asset-side hit" to the capital positions of global reinsurance companies. After some significant disruption and volatility within financial markets as a result of the COVID-19 pandemic, the capital positions of ... Read the full article
AmTrust Title Insurance expands energy team
14th September 2020
AmTrust Title Insurance has announced the expansion of its Energy Team within its National Commercial Division. The team's role includes facilitating title insurance transactions for renewable and conventional energy projects, including refineries, LNG facilities and wind and solar farms, along with various other energy related transactions. These transactions are for some of ... Read the full article
Lockton Re adds Ben Day to lead fac practice in London
14th September 2020
Lockton Re, the reinsurance business of broker Lockton, has appointed Ben Day to lead its facultative practice in London. He joins from CJ Coleman where he was most recently head of CJC Re, having joined as an executive director in 2018. Day has over 20 years of London market experience in a number ... Read the full article
Aviva agrees to sell £1.6bn majority stake in Singapore business
14th September 2020
UK insurer Aviva has agreed to sell a majority stake in its Singapore business for £1.6 billion to a consortium led by insurtech Singlife. In Singapore, the new business will be initially branded as Aviva Singlife. The £1.6 billion Aviva will recieve includes £1.2 billion in cash and marketable securities, £143 million in ... Read the full article
Catalina hires new CEOs for Swiss & Bermuda units
14th September 2020
Legacy space specialist Catalina Holdings has announced the appointments of Claudia Ingenhoven and Sarah Ruberry as CEOs of its Swiss and Bermudian subsidiaries, respectively. Ingenhoven will take over as head of Glacier Re from August 19th, replacing Martin Kauer, who has held the role since 2011. Kauer has moved to Singapore where ... Read the full article
Reinsurance price increases “absolutely essential” in 2021: Hannover Re
14th September 2020
Against the backdrop of ongoing COVID-19 losses and a low interest rate environment, Hannover Re has argued that continued reinsurance rate increases are “absolutely essential” next year. In a new release that was planned for this year’s cancelled Monte Carlo meet-up, Hannover Re says it anticipates “significant price increases” spanning the ... Read the full article
Munich Re: What can we learn from COVID-19 in terms of climate change?
14th September 2020
Munich Re has released its US white paper, Reimagining Resilience in a Post Pandemic World, which explores how society might become more resilient to disastrous situations similar to the COVID-19 crisis, such as climate change risk. As COVID-19 is continuing to have a huge global disruption on societies and economies, global ... Read the full article
MAPFRE renews management teams
14th September 2020
Spanish re/insurer, MAPFRE has approved the renewal of its management teams. This new move aims to advance MAPFRE's strategic objectives, and accelerate the transformation agenda, strengthening capacities in the main regions where it operates. The renewal of the management team also seeks to strengthen the group’s ability to respond to the economic ... Read the full article
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