Reinsurance News
Hyperion X opts for Reltio Cloud to enhance data capabilities
4th December 2019
Hyperion X, the data and technology focused unit of the global Hyperion Insurance Group, has selected software as a service (SaaS) provider Reltio Cloud as the core client data platform to power its data and analytics capabilities. The company believes Reltio Cloud will enable it to better personalise product and service ... Read the full article
SCOR renews €300mn catastrophe & mortality contingent capital facility
4th December 2019
Global reinsurance giant SCOR has announced the launch of a new three-year, €300 million contingent capital facility, providing the firm with protection against extreme natural catastrophes or life events impacting mortality. The facility takes the form of a contingent equity line, and is the fourth launched by SCOR, replacing as of ... Read the full article
UnitedHealth & AXA remain world’s largest insurers by NPW
3rd December 2019
Three Japanese insurers have dropped out of the list of the world's 25 largest insurance companies by net premiums written (NPW) in 2018, while UnitedHealth Group Incorporated and AXA remain in the top spots. With NPW of more than $178 billion, in 2018, the world's largest insurance company ... Read the full article
Italian insurance industry outlook held at stable by Moody’s
3rd December 2019
Moody’s Investors Service has maintained its stable outlook for the Italian insurance industry amid a moderate premium growth in property and casualty and a favourable shift in the business mix for life insurers. Underwriting profitability for P&C remains strong, notes Moody’s, driven in part by a recovery in premium growth and ... Read the full article
Gallagher adds pacific northwest marine team, book
3rd December 2019
Global insurance brokerage Arthur J. Gallagher & Co has completed a transaction to acquire Brown & Brown Washington's pacific northwest marine business team and associated marine book of business. Led by Graham Gardner, the brokerage team handles all lines of marine insurance for a number of maritime clients globally. Under the direction ... Read the full article
Fednat completes takeover of 1347’s insurance operations
3rd December 2019
Florida-based FedNat Holding Company has successfully completed its acquisition of the homeowners insurance operations 1347 Property Insurance Holdings, Inc. (1347 PIH) for $51 million. The deal, first announced in February 2019, sees FedNat take over Maison Insurance Company, Maison Managers, Inc., and ClaimCor LLC (collectively Maison). Maison is a property and ... Read the full article
R&Q’s Langridge to step down from Director role
3rd December 2019
Non-life legacy and run-off acquisition and management, programme services and investments specialist, Randall & Quilter Investment Holdings Ltd., has revealed that Mark Langridge is to step down as a Director of the Company, effective 13th December 2019. The firm explains that Langridge will continue to serve in an executive role advising ... Read the full article
Argo criticises Voce’s latest call to replace board members
3rd December 2019
Specialty reinsurer Argo has criticised a recent attempt by its shareholder Voce to call a special general meeting in order to remove and replace five existing board members. An Argo statement released this week states that its board has been been constructively engaged with Voce, and continues to encourage its participation ... Read the full article
S&P turns negative on Allianz AGCS unit
3rd December 2019
S&P Global Ratings considers Allianz Global Risk US Insurance Co.'s (AGRUS) continuing underperformance relative to peers as a hindrance to the performance of its parent Allianz Global Corporate & Specialty (AGCS), revising its outlook on AGRUS to negative from stable. S&P believe the recent change in CEO at AGCS indicates ... Read the full article
EPIC Insurance Brokers adds Scott Weiss to Risk Management Practice
3rd December 2019
EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has announced that Scott Weiss will join its Risk Management Practice as a Principal. Going forward, Weiss will be responsible for new business development and the design, placement and management of property and casualty insurance ... Read the full article
Coverys Syndicate 1975 adds Priya Fathers as medical underwriter
3rd December 2019
Coverys Managing Agency Limited, the Lloyd’s managing agent of Syndicates 1975, 1991 and 3330, has announced the appointment of Priya Fathers as a medical professional liability underwriter. Fathers, whose appointment to Lloyd’s syndicate 1975 is immediate, will report to Interim active underwriter Phil Sloan. She had previously served as underwriting manager of ... Read the full article
Joan Lamm-Tennant joins AXA Equitable Holdings Board of Directors
3rd December 2019
AXA Equitable Holdings, Inc. has named Joan Lamm-Tennant as an independent member of its Board of Directors, effective January 1st, 2020. The company states that this announcement follows the close of AXA's secondary offering of shares of AXA Equitable Holdings common stock on November 13th, 2019. Currently the co-founder and Chief Executive ... Read the full article
SageSure names Paul VanderMarck as Chief Tech & Innovation Officer
3rd December 2019
SageSure Insurance Managers, an independent US residential property managing general underwriter, has announced the appointment of Paul VanderMarck as Chief Technology and Innovation Officer. In this role, VanderMarck will lead the teams responsible for SageSure's proprietary technology platform. He will also drive the company's broader innovation strategy, including developing partnerships with emerging ... Read the full article
Lincoln Financial president of group protection Mucci to retire
3rd December 2019
Insurance holding company Lincoln Financial Group has announced the imminent retirement of Group Protection president Dick Mucci. Mucci, whose retirement is set for December 31, will be replaced on an interim basis by Eric Reisenwitz. Mucci joined Lincoln in 2014 and has overseen a period of improvement in profitability, along with growth ... Read the full article
Liberty Mutual Surety names Stéphane Lizeray department head
3rd December 2019
Liberty Mutual Surety and Liberty Specialty Markets, both subsidiaries of Liberty Mutual Insurance Group, have named Stéphane Lizeray as head of surety department, France with immediate effect. Lizeray joins from Zurich’s Paris office having most recently served as senior surety underwriter. Prior to that, he worked as a credit analyst at Euler ... 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.
