Reinsurance News
Munich Re makes key Business Development hire for Australia & NZ
27th November 2019
Munich Re has announced the appointment of Alex François as Head of Business Development for its savings and investment business in Australia and New Zealand. Based in Sydney, François will focus on bringing reinsurance capabilities to insurance and superannuation clients in the Australian and New Zealand market. He will also be responsible ... Read the full article
Gard’s Magne Nilssen named London CUO
27th November 2019
Gard, a shipowner-controlled provider of P&I, marine and energy insurance solutions, has announced the appointment of Magne Nilssen as Chief Underwriting Officer (CUO) London, effective March 1st, 2020. In this newly created position, Nilssen will be responsible for all business routed through the firm's London branch, and will report to Group ... Read the full article
CFC’s cyber risk heat map looks to assist brokers
27th November 2019
Specialist insurer CFC has announced the launch of a free tool designed to help brokers sell cyber insurance. The new cyber risk heat map has been built from data that relates to 2,500 cyber claims that CFC has dealt with over the past 24 months, as well as trends that the ... Read the full article
Munich Re appoints Nicolas Carro to L&H CEO role
27th November 2019
Global reinsurer Munich Re has appointed Nicolas Carro as Chief Executive Officer for its Life and Health business and operations in Australia and New Zealand. Effective in the new year, Carro will be based in Sydney and report to Daniel Cossette, CEO for Munich Re Life & Health in Asia Pacific, ... Read the full article
US P&C reinsurers return to underwriting profitability: RAA
27th November 2019
A group of 17 U.S. property/casualty (P&C) reinsurers recorded an improved combined ratio of 96.2% for the first nine months of 2019, driven by improvements in both the expense ratio and loss ratio when compared with the same period in 2018, according to analysis by the Reinsurance Association of America ... Read the full article
AXA XL acquires Lloyd’s coverholder Secure Legal Title & Mexican affiliate
27th November 2019
AXA XL, the property and casualty (P&C) and specialty risk unit of AXA, has announced the acquisition of London-based insurance agency and Lloyd's of London coverholder, Secure Legal Title Limited. Secure Legal Title was founded in 2012 and provides protection to cover legal risks in property transactions and mortgage finance, with ... Read the full article
Lockton bolsters LatAm presence with exec hires
27th November 2019
Global insurance and reinsurance broker Lockton has added Andrew Perry and Ed Fyfe as senior Latin America executives, while also promoting Marcela Flores to form a new Lockton regional LatAm executive with effect from 1 May 2020. Perry joins from Marsh, having held various senior appointments including Chief Executive Officer of ... Read the full article
AXA throws weight behind 0% coal energy world
27th November 2019
Global insurer AXA has laid down a series of targets designed to accelerate its contribution to the transition towards a low-carbon economy. The enhanced strategy, due to be announced tomorrow at an event organised in collaboration with the United Nations Principles for Sustainable Insurance (UN PSI), includes doubling its green investment ... Read the full article
MS Amlin CEO to depart as re/insurer announces new operating model
27th November 2019
Insurer and reinsurer MS Amlin has today announced the details of a new operating model and senior leadership team as part of MS&AD's recently announced reorganisation of its international business. As announced previously, the reorganisation of the firm's international business includes the removal of the regional holding companies across Mitsui ... Read the full article
Marsh recruits Chemicals & Life Sciences leader from Munich Re
27th November 2019
Global re/insurance brokerage Marsh has announced the appointment of Jenny Yu as Chemicals and Life Sciences Industry Practice Leader for the UK & Ireland. Yu joins Marsh from Munich Re, where she most recently served as Life Science Risk Solutions Leader. She has spent the last nine years at Munich Re in ... Read the full article
H.W. Kaufman Group acquires Barbican Protect Limited
27th November 2019
H.W. Kaufman Group, a global network of insurance companies, has acquired Barbican Protect Limited from Barbican Insurance Group, subject to regulatory approval. The agreement sees Barbican Protect rebrand as Burns & Wilcox and join H.W. Kaufman Group London, and is part of the company's expansion plans into the UK marketplace. The acquisition ... Read the full article
Munich Re expecting hit from Hagibis, but confident in targets
27th November 2019
Reports suggest that Munich Re is expecting to incur a large financial hit in Q4 from Typhoon Hagibis and other catastrophe events, but has nevertheless grown more confident that it will meet its targets for the year, as well as in 2020. Speaking at a press event in Munich on Monday, ... Read the full article
Willis Towers Watson adds ICE InsureTech to Radar Live program
27th November 2019
Re/insurance broker Willis Towers Watson has announced that ICE InsureTech has become the latest vendor to join its global Radar Live Collaboration program. As a Radar Live collaborator, ICE Insuretech will have the ability to deploy Radar Live’s specialist insurance rating and rules solutions. Willis Towers Watson believes that its Radar Live ... Read the full article
Miller adds Eugene Leong to property team in Singapore
27th November 2019
Global re/insurance broker Miller has announced the appointment of Eugene Leong to its Singapore team, enhancing its property, downstream energy and construction capabilities. He will work closely with Singapore and London colleagues to support growth from existing and potential new clients in the Asia region. Leong joins Miller from Marnix in Singapore, ... Read the full article
AXIS announces Typhoon Hagibis loss of up to $110mn
26th November 2019
Bermudian insurer and reinsurer AXIS Capital Holdings Limited has announced a pre-tax loss estimate for Typhoon Hagibis of between $90 million and $110 million, net of recoveries from reinsurance and retrocession, and including the impact of reinstatement premiums. AXIS Capital states that its loss estimate is in line with industry insured ... Read the full article
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