Reinsurance News
QOMPLX adds John Ferrari, William Solms to senior roles
13th November 2019
QOMPLX, an intelligent decision platform provider startup formerly known as Fractal, has appointed John Ferrari to the role of Chief Administrative Officer and William Solms as President and general manager of the company's new government solutions division. Ferrari, who joins following a 32-year career in the US Army, will be responsible ... Read the full article
Fundamentals must change before price adequacy can return: PwC’s Wightman
12th November 2019
The re/insurance industry has broadly enjoyed a hardening rate environment in 2019, but a return to price adequacy will require some fundamental changes in terms of the way companies model and respond to catastrophe losses. This is according to Arthur Wightman, PwC Bermuda Territory and Insurance Leader, who spoke to Reinsurance ... Read the full article
Côte d’Ivoire receives $745k ARC payout after rainfall deficits
12th November 2019
The African Risk Capacity Insurance Limited, a financial affiliate of provider of parametric sovereign disaster risk insurance to African nations, African Risk Capacity (ARC), has paid out $745,000 to the Government of Côte d’Ivoire after rainfall deficits in the 2019 agricultural season. In September of this year, ARC's parametric tool, Africa ... Read the full article
Mercer’s Jeff Ray joins Arch as SVP, Accident & Health
12th November 2019
Jeff Ray, previously of Mercer, has joined Arch Insurance as Senior Vice President (SVP) for Accident & Health, reporting to Linda Fallon, Executive Vice President (EVP) of Arch's Travel & Accident operation. Ray brings over 35 years of industry experience in both establishing and leading Accident & Health businesses, most recently ... Read the full article
Munich Re, US promotes Oliver Horbelt to CFO
12th November 2019
Munich Reinsurance America, Inc. (Munich Re, US), the U.S. operations of global reinsurance giant Munich Re, has announced the appointment of Oliver Horbelt as its new Chief Financial Officer, effective November 1st, 2019. In his new role, Horbelt will report to Tony Kuczinski, President and Chief Executive Officer (CEO) of Munich ... Read the full article
CAC Specialty adds Chelley Schaper as SVP
12th November 2019
CAC Specialty, the specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has announced the appointment of Chelley Schaper to the role of senior vice president. Schaper brings over 20 years experience to the role, including 16 years at Lockton working with complex risk accounts, with a specialisation ... Read the full article
AXA CEO Thomas Buberl elected to IBM board
12th November 2019
The Chief Executive Officer (CEO) of global insurer and reinsurer, AXA, Thomas Buberl has been elected by information technology firm IBM to join its Board of Directors, effective April 28th, 2020. Buberl was appointed CEO of AXA in 2016, and continues to lead the Paris, France-based re/insurer through its digital transformation. ... Read the full article
Survey highlights lack of cyber risk due diligence among private equity firms
12th November 2019
A recent survey conducted by commercial insurance placement and disputes firm, Mactavish, reveals that numerous senior private equity professionals feel that the due diligence carried out by private equity firms on cyber security issues of target companies is lacking. The survey results show that just 23% of those interviewed describe the ... Read the full article
Somerset Re & Prudential execute business flow reinsurance treaty
12th November 2019
Bermuda domiciled reinsurer, Somerset Reinsurance Ltd. has announced the completion of a new business flow reinsurance treaty with Prudential Annuities Life Assurance Corporation, a subsidiary of Prudential Financial. Under the terms of the new reinsurance relationship, Somerset Reinsurance will reinsure a quote share of the new fixed indexed annuities sold by ... Read the full article
Aon’s Johnston & Komposch join Guy Carpenter, Bermuda
12th November 2019
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, has appointed Robert Johnston as Chairman of its Bermuda operations, and Peter Komposch as Head of Casualty and Specialty, Bermuda. The appointments are effective immediately and both Johnston and Komposch join Guy Carpenter from rival brokerage Aon. Johnston brings almost two ... Read the full article
Fathom’s flood maps, datasets included in Coastal Risk’s US reports
12th November 2019
US-based flood and natural hazard risk assessment firm, Coastal Risk Consulting has entered into a new partnership with UK domiciled flood modeller, Fathom. Under the new partnership, Fathom's up-to-date and comprehensive US flood maps and datasets, for both rainfall and river flooding, are incorporated in Coastal Risk Consulting's risk reports for ... Read the full article
Blenheim Syndicate increases capacity, strengthens property team
12th November 2019
Blenheim Syndicate 5886 at Lloyd's of London has announced an increase in capacity to £250 million for 2020, as well as the addition of Simon Anthony to its property team. Asta-backed Blenheim Syndicate 5886 commenced underwriting from Jan 1st, 2017 with underwriting capacity of £150 million. For next year, the syndicate ... Read the full article
Michelle Bree promoted to COO of Pen Underwriting
12th November 2019
Pen Underwriting has promoted Michelle Bree to Chief Operating Officer (COO) and has announced that she will also join the Board of Pen Underwriting Limited, effective December 1st, 2019. Bree joined the firm in 2015 from Accenture as a programme manager, where she had a specialist focus on change-management in the ... Read the full article
Allianz AGCS CEO Fischer Hirs reported to have departed firm
12th November 2019
Chris Fischer Hirs the Chief Executive Officer of Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has reportedly departed suddenly from the firm. The news was first reported in Germany by Herbert Frommes Insurance Monitor, with speculation surrounding the precise reason for the departure. Update: Read the full article
WTW adds JLT’s Danyluk as head of international property, London
12th November 2019
Re/insurance broker Willis Towers Watson has announced the appointment of Andrzej Danyluk as head of international property, London. Danyluk joins from JLT, where he most recently served as Head of the London power broking team. He will be responsible for growing the international property portfolio placed in the London insurance market on ... 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.
