Reinsurance News
AXA XL adds Mark Campbell, David Walker to UK Life A&H team
5th November 2019
Global re/insurer AXA XL has appointed Mark Campbell and David Walker to its UK Life, Accident & Health team. Campbell most recently served as a senior underwriter at Aspen Insurance and joins as underwriting manager, wholesale A&H. In his new role, he will oversee AXA XL’s UK wholesale A&H underwriting operation, with ... Read the full article
Delek Group completes divestment in The Phoenix Holdings
5th November 2019
Delek Group has successfully completed the sale of its 32.5% stake in The Phoenix Holdings Ltd to the Centerbridge and Gallatin Point Capital investment funds, for a total consideration of NIS 1.57 billion (approximately USD 450 million). Of the total consideration, NIS 1.335 billion (approximately USD 380 million) was received in ... Read the full article
Ensurance adds Brad Green & Courtney Varney to underwriting team
5th November 2019
Ensurance, the construction and engineering MGA and Lloyd’s Coverholder, has expanded its underwriting team with the addition of Brad Green as Senior Underwriter and Courtney Varney as Underwriting Assistant. Green joins Ensurance from Aiva, where he most recently served as Engineering and Renewable Energy Senior Underwriter. He has over 20 years’ experience ... Read the full article
DA Strategy adds James Littley from The Channel Syndicate
5th November 2019
Delegated authority specialist DA Strategy has strengthened its operations with the addition of James Littley as Associate. Littley joins DA Strategy from The Channel Syndicate, where he most recently served as Head of Delegated Underwriting. He has more than 16 years’ experience in delegated authority, and previously worked as Delegated Underwriting Manager ... Read the full article
Lloyd’s-backed active assailant mitigation program launches
5th November 2019
US security specialist 1st Watch Global has partnered with Pioneer Programs Insurance Solutions and EC3 Brokers on an active assailant prevention program designed to assess the readiness of various public locations for an assault by an active assailant. Assessments, carried out by a team of ex-FBI agents and homeland security professionals, ... Read the full article
Global reinsurance market survey results show positive price expectation
4th November 2019
For the second year running we’ve collaborated with our ILS focused sister-site Artemis to conduct a survey designed to take the temperature of the global reinsurance market. This year’s survey included responses from hundreds of identifiable market participants, including numerous company CEOs and senior decision makers. Overall, approximately 72% ... Read the full article
Samsung Fire & Marine wraps up Canopius investment
4th November 2019
Samsung Fire & Marine Insurance (SFMI), part of the Korean tech giant, has completed its strategic investment in global specialty lines re/insurer Canopius. First announced in May 2019, the deal has allowed SFMI to become a significant minority investor in Canopius. Notably, SFMI and Canopius have now said that in addition ... Read the full article
Chedid Re appoints Lazhar Charfeddine to general manager role
4th November 2019
Facultative reinsurer Chedid Re has announced the appointment of Lazhar Charfeddine to oversee the firm’s portfolio in North and West Africa as general manager. Charfeddine brings over 30 years’ experience and joins from Abu Dhabi National Insurance Company, where he served as executive vice president of claims, reinsurance and engineering services. Prior ... Read the full article
Equinox Global rebrands as Nexus Specialty in the US
4th November 2019
Specialty managing general agent (MGA) Nexus Group has announced that Equinox Global Inc. has been rebranded as Nexus Specialty Inc. in the US. Nexus began operating in the US in 2017 through the acquisition of Equinox – a Specialist Trade Credit MGA and registered Lloyd’s Coverholder – and Zon Re, ... Read the full article
AIR Worldwide launches multi-peril crop insurance model for India
4th November 2019
Catastrophe modelling firm AIR Worldwide has released a Multiple Peril Crop Insurance Model for India designed to aid probabilistic assessments of potential losses caused by yield shortfalls. The event-based model covers 11 major crops across the two main growing seasons in India: Kharif - the summer period from late spring into ... Read the full article
Berkshire Hathaway Specialty recruits Head of Claims in Spain
4th November 2019
Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, has recruited Javier Villalba as Head of Claims in Spain. Villalba joins BHSI from Zurich, where he most recently served as Director for Expert Claims (Spain) and Claims Customer Relationship Manager. He has nearly 20 years ... Read the full article
Swiss Re promotes Stephan to Head Solutions Western & Southern Europe
4th November 2019
Swiss Re has announced the appointment of Annkathrin Stephan to the newly created role of Head Solutions Western & Southern Europe. The reinsurer formed this role in response to a growing demand for Solutions in the region, a Swiss Re spokesperson told Reinsurance News. In her newly promoted capacity, Stephan will be ... Read the full article
Jeff Irvan joins BMS as Chief Property Officer, US Reinsurance
4th November 2019
BMS Group (“BMS”), the independent specialist re/insurance broker, has announced the appointment of Jeff Irvan as Chief Property Officer, US Reinsurance. He joins BMS from Wills Re, where he most recently led the brokerage’s office in Atlanta, Georgia. Irvan has more than 20 years’ experience in property reinsurance broking, having first started ... Read the full article
Heritage concerned about retro capacity at 2020 renewals: CEO Lucas
4th November 2019
The number one issue at the upcoming reinsurance renewals is likely to be a lack of capacity in the retrocessional market, according to Bruce Lucas, Chairman and CEO of property and casualty (P&C) insurance holding company, Heritage Insurance Holdings, Inc. Lucas’s comments came as part of Heritage’s third quarter earnings call, ... Read the full article
Fidelis takes stake in MGA Perigon for product recall
4th November 2019
Fidelis Insurance, the privately owned Bermuda-based holding company, has taken an equity stake in managing general agent (MGA) Perigon Product Recall Limited. Perigon’s focus will be product recall and product contamination coverage for food and beverage producers, restaurant operations, auto manufacturers, and a range of other recall classes of insurance. As part ... Read the full article
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