Reinsurance News
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
Market groups commend collaborative approach of Lloyd’s Blueprint One
1st October 2019
Representatives from various market groups have released statements commending the approach proposed by Lloyd’s Blueprint One, which outlines the first phase of the marketplace’s new strategy for change. Industry executives praised the collaborative approach utilised by Lloyd’s, which says it has attempted to respond to the demands of the market. “This Blueprint ... Read the full article
CAC Specialty hires André Eichenholtz to lead Portfolio Solutions group
1st October 2019
CAC Specialty, the specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has announced the appointment of André S. Eichenholtz as leader of its Portfolio Solutions group. Eichenholtz joins CAC Specialty from JLT Specialty, where he formerly worked as Head of M&A Diligence. He brings more than 30 years’ ... Read the full article
Allianz (AGCS) names Hyeji Kang as Head of Reinsurance & Cat Risk Management
1st October 2019
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has announced the appointment of Hyeji Kang as Global Head of Reinsurance and Catastrophe Risk Management, effective October 1, 2019. Kang is currently Head of Actuarial Function at AGCS, based in Munich, prior to which she ... Read the full article
Hamilton recruits Head of Casualty & Specialty Reinsurance from Third Point Re
1st October 2019
Bermuda-based re/insurer Hamilton Insurance Group has announced the appointment of Steve Wilson as Senior Vice President (SVP), Head of Casualty & Specialty for its new US reinsurance platform. Wilson joins Hamilton from Third Point Re, where he most recently served as SP Underwriting. Prior to this he spent over 11 years at ... Read the full article
Munich Re sponsoring first Syndicate-in-a-Box at Lloyd’s
1st October 2019
Insurance and reinsurance marketplace Lloyd’s of London has announced that Munich Re will launch the first new ‘Syndicate-in-a-Box’ through its established Lloyd’s vehicle Munich Re Syndicate Limited. The announcement was made as part of the release of Blueprint One yesterday, which outlines how the first phase of Lloyd's strategy for ... Read the full article
Swiss Re’s Edi Schmid highlights need to measure resilience
1st October 2019
Edi Schmid, Chairman of Swiss Re Institute and Group Chief Underwriting Officer (CUO), has highlighted the need for the re/insurance industry to undertake more research to measure resiliency around the world. Based on his discussions at the annual reinsurance conference in Monte Carlo this year, Schmid said that topics of resilience ... Read the full article
MS Amlin reveals new underwriting strategy, scraps classes & operations
30th September 2019
Global insurer and reinsurer MS Amlin has announced a new underwriting strategy to support the delivery of its vision 2021 management plan and 2023 transformation plan. As part of the new strategy, the re/insurer will combine its Marine and P&C International platforms into a single Specialty insurance business, and it has ... Read the full article
Lloyd’s outlines strategy for change in Blueprint One
30th September 2019
Insurance and reinsurance marketplace Lloyd’s of London has released a new document outlining how the first phase of its strategy for change will be delivered, following the launch of the Future at Lloyd's prospectus back in May. Blueprint One proposes to enhance Lloyd’s value proposition to customers by offering better ... Read the full article
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