Reinsurance News
Duck Creek Technologies adds reinsurance management service for carriers
12th June 2019
Duck Creek Technologies, a global provider of P&C industry insurance software, has added a new reinsurance management function to its suite of services for primary insurance carriers. The service, called Duck Creek Reinsurance Management, allows carriers to manage reinsurance partners contracts, bills, recoveries and payables. It also supports all reinsurance structures, automates ... Read the full article
Aon adds Guangjie Hopton to Intellectual Property Solutions team in Asia
12th June 2019
Aon has expanded its Intellectual Property Solutions team with the addition of Guangjie Hopton, who will focus on clients in China and the broader Asia region. Hopton joins the broker from Alibaba Group in Hong Kong, where she has spent the previous 14 years, including as Assistant General Counsel for International ... Read the full article
Marlo Edwards named President of Berkley’s Verus Underwriting Managers
12th June 2019
Marlo Edwards has been appointed as President of Verus Underwriting Managers, a subsidiary of W.R. Berkley Corporation. Edwards' appointment is effective immediately and she succeeds the retiring Dale Pilkington. She joins the firm with more than two decades of experience in the property and casualty (P&C) insurance sector, most recently serving ... Read the full article
Cyber insurer Coalition adds Aon’s Brian Specht as Head of Affinity
12th June 2019
Swiss Re and Argo-backed cyber insurer Coalition has announced the addition of Brian Specht as Head of Affinity. Specht - who will be based in New York City and Austin, Texas - joins with 30 years’ experience and has served with companies such as Aon, Ryan Specialty Group, AIG and Chubb. Prior ... Read the full article
Vibe’s Joe Sweeting to lead AXIS Re’s Lloyd’s Casualty Reinsurance
12th June 2019
The reinsurance arm of AXIS Capital Holdings Limited, AXIS Re has announced that Joe Sweeting has joined the firm as Head of Lloyd's Casualty Reinsurance. In his new role, Sweeting will take responsibility for managing all aspects of the reinsurer's casualty operation at the specialist Lloyd's of London insurance and reinsurance marketplace. ... Read the full article
Berkshire Hathaway Specialty expands in Australia with new Adelaide office
12th June 2019
Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, has expanded its presence in Australia with the launch of a new office in Adelaide. In connection with the launch, BHSI has appointed Monica Holland as Underwriting Manager for South Australia. In this role, Holland will ... Read the full article
European insurers adjust to changing operating landscape: Moody’s
12th June 2019
Macro trends and technological advances continue to alter the operating landscape for European insurance companies, driving the transformation of business models, increased digitalisation and market consolidation, highlights financial services ratings agency, Moody's. Following its annual European insurance summit, held in London towards the end of May, Moody's has underlined a number ... Read the full article
L&G Re develops blockchain reinsurance platform for pension risk transfer
12th June 2019
Legal & General Reinsurance (L&G Re), the global reinsurance hub of the Legal & General Group, has announced the launch of estua-re, the first pension risk transfer (PRT) reinsurance platform to be powered by blockchain technology. The platform is reportedly capable of driving every stage of the PRT reinsurance value chain, ... Read the full article
Insurtech Lemonade launches in Germany, with reinsurance from AXA
11th June 2019
Insurance technology start-up Lemonade has taken its first steps in the European market with the launch of a new policy in Europe, backed by a reinsurance arrangement with AXA Germany. Germany is the first country to offer Lemonade’s Policy 2.0, which is designed to offer consumers contents and liability insurance instantly ... Read the full article
Howden partners with Cytegic on automated cyber risk assessment
11th June 2019
Howden, the retail broking unit of Hyperion Insurance Group, has partnered with Cytegic, a cyber risk quantification solutions provider, on automated cyber risk assessments and financial impact analysis across global markets. “After researching numerous solutions and putting the Cytegic platform through a variety of challenging tests, we were able to confirm ... Read the full article
BMS bolsters cyber offering with BitSight partnership
11th June 2019
Independent specialist re/insurance broker BMS Group has partnered with BitSight, a cyber security ratings firm, to provide cyber risk analysis services to clients across all lines of business as part of its consultancy offering. BitSight’s security ratings platform provides comprehensive security performance information available in the marketplace and marks the first ... Read the full article
US commercial insurance prices increase during the Q1 2019
11th June 2019
US commercial insurance prices have increased in the first quarter of 2019, according to global re/insurance brokerage Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was close to 2% for all four quarters of 2018, and came in just above 2% in ... Read the full article
Beazley to reinsure Trident’s surety offering
11th June 2019
Trident Insurance Group, Inc. has announced the signing of a reinsurance treaty with specialist insurer Beazley, which Trident says enables it to improve its competitive advantage in the expanding standard and specialty surety insurance sector. This new, strategic partnership enables Trident, a Maryland domiciled specialist surety insurer, to expand its current ... Read the full article
Moody’s expecting stronger reinsurance sector profitability in 2019
11th June 2019
Analysts at Moody’s Investor Services are anticipating stronger reinsurance sector profitability in 2019, supported by significantly higher pricing in the property catastrophe market. The firm believes that reinsurers are entering the 2019 hurricane season with solid capital positions and should be able to comfortably withstand any potential losses arising from hurricanes. Reinsurance ... Read the full article
Iprism adds Manuela Roncalli as Finance Director
11th June 2019
Technology-driven specialist wholesale underwriting agency Iprism has announced the appointment of Manuela Roncalli as Finance Director, effective immediately. Roncalli brings more than 20 years of experience and will be responsible for its finance, risk & compliance and HR functions. She previously served as commercial finance director and business partner at Mitie Group ... Read the full article
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