Reinsurance News
Sedgwick adjusts senior leadership roles for UK & International operations
2nd October 2019
Sedgwick, a global provider of technology-enabled risk, benefits, and integrated business solutions, has made several changes to its senior leadership team in the UK to support its international growth strategy. Firstly, Stewart Steel, currently CEO of Sedgwick UK, Middle East & Africa, has been selected to oversee a newly combined operating ... Read the full article
Reinsurers remain “strongly positioned” in shifting risk landscape: Guy Carpenter
2nd October 2019
The reinsurance market remains “strongly positioned” to support insurers even as the risk landscape continues to undergo rapid change, according to a new report from Guy Carpenter, the reinsurance arm of Marsh. Guy Carpenter observed that the risks at the top of re/insurers’ agendas have shifted from largely economic concerns 10 ... Read the full article
Fannie Mae secures $14.8bn of mortgage reinsurance with further CIRT deal
2nd October 2019
The Federal National Mortgage Association (Fannie Mae) has completed its sixth Credit Insurance Risk Transfer (CIRT) transaction of 2019, securing $14.8 billion of reinsurance on 30-year single-family loans. The deal forms part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage ... Read the full article
R&Q recruits Chief Restructuring Officer from KPMG
2nd October 2019
Randall & Quilter Investment Holdings Ltd. (R&Q), the non-life legacy insurance investor and capacity provider of US and European program business, has appointed Mike Walker to the newly-created position of Chief Restructuring Officer. Walker arrives from KPMG, where he served as a Partner for more than 15 years and occupied a ... Read the full article
Assured Guaranty finalises takeover of BlueMountain
2nd October 2019
Assured Guaranty, the financial guaranty insurer, has announced that its subsidiary, Assured Guaranty US Holdings Inc. (AGUS), has completed the acquisition of alternative asset management firm BlueMountain Capital Management, LLC. The deal closed on substantially the same terms as when it was originally announced in August 2019, for a purchase ... Read the full article
Miller adds Financial Institutions, D&O specialist Thomas Coates
2nd October 2019
Global re/insurance broker Miller has appointed Thomas Coates to develop the firm’s financial institutions and directors & officers offering and to produce new business in North America and Asia-Pacific. Coates joins with close to 20 years’ market experience, during which time he has placed business across a number of markets globally. He ... Read the full article
Willis Re appoints Aspen’s Donald Harrell as MD, COO of Specialty business
2nd October 2019
Willis Re, the reinsurance business of global re/insurance brokerage Willis Towers Watson, has appointed Donald Harrell as Managing Director & Chief Operating Officer of its Specialty business. Based in London, Harrell’s new role will see him oversee the international expansion of the business. He will also be responsible for the day-to-day operations, ... Read the full article
Everest Insurance appoints Kurt Hines to senior underwriting role
2nd October 2019
Everest Insurance, a division of global reinsurer Everest Re Group, has announced the appointment of Kurt Hines as Vice President of Underwriting within the firm’s Specialty Insurance Group. Hines, who will be responsible for overseeing all underwriting activities for the business, joins from Aslan Risk Advisors in Philadelphia where he served ... Read the full article
Enstar completes $500mn reinsurance transaction with Zurich NA
2nd October 2019
Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group, has announced that one of its wholly-owned subsidiaries has completed a transaction to reinsure a book of US asbestos and environmental liability insurance portfolios of Zurich North America. The transaction, which saw Enstar's subsidiary assume gross insurance reserves of roughly $500 million ... Read the full article
Rachel Conran named permanent CEO of RSA Luxembourg
2nd October 2019
Multinational insurance group RSA has announced that Rachel Conran has been appointed as the new permanent Chief Executive Officer (CEO) of RSA Luxembourg, the firm's hub for European business. Currently, Conran serves as interim CEO, having joined RSA earlier in the year as Chief Underwriting Officer (CUO) for global risks ... Read the full article
Life segment still a “source of stability” for reinsurance market: AM Best
1st October 2019
The life reinsurance segment continues to function as a “source of stability” for the overall global reinsurance market, according to AM Best, who looked at the state of the sector in a recent report. The rating agency noted that the life reinsurance market continues to be dominated by just five large ... Read the full article
Clyde & Co appoints Kelsall to succeed CEO Peter Hasson
1st October 2019
Global law firm Clyde & Co has announced the appointment of Matthew Kelsall as its next Chief Executive Officer. Effective in the new year, Kelsall succeeds Peter Hasson, who has served in the role since 2005. Hasson, who joined Clyde & Co in 1997, will take up a consultant role moving forward ... Read the full article
Beazley announces cyber & financial lines policies for Italy
1st October 2019
Specialist insurer Beazley has announced the launch of cyber cover and a suite of financial lines products for its organisations in Italy. The company’s flagship cyber solutions provide insurance cover and risk management services that help clients prepare for and manage data breaches and cyber attacks. Beazley Breach Response (BBR) and Beazley ... Read the full article
Hyperion X appoints Shumway as Head of Strategic Advisory
1st October 2019
Hyperion X, the data and technology focused unit of the global Hyperion Insurance Group, has hired former JLT employee Mark Shumway to the role of Head of Strategic Advisory. Shumway was most recently the Global head of Strategic Advisory at reinsurance brokerage JLT Re and also a representative of JLT Capital ... Read the full article
The Insurance Institute of London announces new officers for 2019-2020
1st October 2019
The Insurance Institute of London (IIL) has announced its new officers for 2019-2020, which includes the appointment of Charles Berry, FCII, Chair at BPL Global, as President of the Institution. Berry took over as President of the IIL for 2019-2020 at the AGM on September 30th, 2019 and succeeds Nicolas Aubert, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
