Reinsurance News
Aon appoints Weston Vice Chair of Bermuda Reinsurance Solutions
6th September 2019
Global re/insurance brokerage Aon announced the appointment of Neville Weston as Vice Chairman of its Reinsurance Solutions in Bermuda. He joins from Aeolus, where he served as a Partner and Senior Underwriter for its property catastrophe fund. Previously, Weston was with Guy Carpenter, having managed the firm’s casualty and professional liability broking ... Read the full article
Johnny Bøgelund replaces Gero Michel as Head of Chaucer Copenhagen
6th September 2019
Global specialty insurance and reinsurance group, Chaucer has announced the appointment of Johnny Bøgelund as Head of Chaucer Copenhagen. In his new role, Bøgelund will be responsible for managing the firm's European and Scandinavian underwriting portfolios, and will work with teams in Copenhagen, Oslo and London to support the long-term development ... Read the full article
Coverys signs agreement with AdvantageGo to deploy Sanctions Service
6th September 2019
AdvantageGo, the commercial re/insurance software provider from NIIT Technologies, has been selected to help Coverys Managing Agency Ltd (CMAL) adhere to international sanctions regulations. CMAL, a provider of medical professional liability insurance protection, will deploy AdvantageGo’s Sanctions Service across its UK and US operations to help mitigate risk and remain compliant ... Read the full article
National General to offload Swedish health insurance operation
6th September 2019
National General Holdings Corp. has announced an agreement to sell its Euro Accident Health and Care Insurance Sweden operation to an investor group arranged by Impilo AB, a company focused on Nordic healthcare investments. Euro Accident Sweden is a provider health insurance, predominantly personal medical insurance or PMI, which is an ... Read the full article
Carolinas brace for Dorian landfall, as Bahamas reels
5th September 2019
With Florida now largely out of danger, the Carolinas are bracing for dangerous storm surge and destructive winds from a newly strengthened Hurricane Dorian, which is threatening the states with a major landfall. The latest forecasts from the National Hurricane Center (NHC) show that Dorian has once again built up in ... Read the full article
Marsh announces senior cyber, digital assets appointments
5th September 2019
Global re/insurance brokerage Marsh has announced the appointments of Adam Wickens as Digital Asset Leader and Brian Warszona as Cyber Growth Leader in the UK Financial & Professional Practice of Marsh JLT Specialty. Wickens, who brings 20 years’ experience to Marsh, steps into a newly created position and will be responsible ... Read the full article
Gallagher acquires lettings & landlord insurance broker RGA Group
5th September 2019
Global insurance brokerage Gallagher has announced the acquisition of RGA Group, a UK insurance intermediary comprised of the companies Rentguard Limited, Home & Travel Limited and RGA Underwriting Limited. In aggregate, Brentford-based RGA Group manages the insurance requirements of over 140,000 policyholders and since 2001 has built a multi-channel specialist capability ... Read the full article
AIG to shift towards affirmative cyber coverage
5th September 2019
As of January 2020 global insurer AIG will begin affirmatively covering or excluding physical and non-physical cyber exposures for the majority of its commercial P&C policies, in a move it hopes will provide great clarity on cyber risk. Silent cyber has for some time existed as a grey area for the ... Read the full article
Hiscox names Joanne Musselle Group Chief Underwriting Officer
5th September 2019
Global insurer and reinsurer Hiscox has appointed Joanne Musselle as its new Group Chief Underwriting Officer (CUO), following the retirement of Richard Watson. She will assume the role at the end of the year and will join the Hiscox Ltd Board as an Executive Director in February 2020, subject to regulatory ... Read the full article
Hyperion’s DUAL appoints new COO, UK & Europe
5th September 2019
Hyperion Insurance Group's underwriting arm, DUAL, has appointed Rebecca Ince as Chief Operating Officer (COO) of UK & Europe, effective September 1st, 2019. In her new role, Ince will report to Group Chief Executive Officer (CEO) of DUAL, Richard Clapham. Prior to DUAL, she worked at global insurer and reinsurer Hiscox for ... Read the full article
Beach recruits JLT Re duo for London Wholesale Division
5th September 2019
Reinsurance brokerage Beach & Associates has continued to expand its London Wholesale Division with the appointments of Gavin Johns and Richard Emson. Johns and Emson both join the company from JLT Re, where they operated within the Facilities & Binders Division. They each bring over 30 years’ of industry experience in the ... Read the full article
Total cost of Hurricane Dorian in the Bahamas estimated at $7bn: KCC
5th September 2019
Catastrophe risk modeller Karen Clark & Company (KCC) has provided a preliminary total loss estimate of $7 billion for the impact of Hurricane Dorian in the Bahamas. The estimate includes both insured and uninsured losses to building, contents, and business interruption exposures for commercial, residential, and industrial projects, and excludes infrastructure ... Read the full article
Senegal to receive at least $22mn from ARC following drought conditions
5th September 2019
The Government of Senegal is set to receive at least $22 million from the African Risk Capacity Insurance Limited (ARC Ltd) to cover losses from crop failures driven by drought in the 2019 agricultural season. In August 2019, Africa RiskView, the software underpinning the Arc parametric model, informed the Government of ... Read the full article
Blue Marble expands weather insurance program for Colombian farmers
5th September 2019
Blue Marble Microinsurance - a consortium of nine companies including Zurich, AIG, Aspen, and Hamilton – has renewed its weather index insurance program for smallholder coffee farmers in Colombia and expanded the coverage significantly. The CaféSeguro program provides insurance coverage for severe rainfall and drought during the coffee crop’s developmental stages ... Read the full article
Reinsurance an attractive industry with positive perspectives, says SCOR
5th September 2019
Global reinsurer SCOR has underscored its positive outlook for the reinsurance industry, describing it as benefiting from long-term growth drivers and solid foundations. SCOR this week announced the launch of its new ‘Quantum Leap’ strategy, a two-and-a-half year plan which emphasises the integration of technology, as the company looks to ... Read the full article
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