Reinsurance News
Few to lead TigerRisk’s UK, EMEA and Asia expansion
4th September 2019
James Few has left re/insurer MS Amlin to join reinsurance broker TigerRisk Partners LLC as Chief Executive Officer (CEO) of its London office, reporting to President and Chief Operating Officer (COO), Rob Bredahl. The global brokerage states that Few, a global strategist and product innovator, will lead expansion in the UK, ... Read the full article
JLT Re’s David Flandro joins Hyperion X as Managing Director, Analytics
4th September 2019
Hyperion Insurance Group's data and technology division, Hyperion X, has announced the appointment of David Flandro as Managing Director, Analytics. He joins the firm from global reinsurance broker JLT Re, where he served as Global Head of Analytics and a member of the company's Executive Committee. In his new role, Flandro will ... Read the full article
PCS expands catastrophe loss index service to Mexico
4th September 2019
Property Claim Services (PCS), a division of Verisk that collects and aggregates the insurance industry loss data widely used by reinsurers, has announced the launch of its catastrophe loss index for Mexico. PCS Mexico will provide full coverage for natural and man-made events across Mexico with total re/insurance industry loss estimates ... Read the full article
Ryan Specialty renames MGU to RSG Transactional Risks Europe
4th September 2019
London-based MGU Hunter George & Partners, which joined Ryan Specialty Group (RSG) in 2016, is changing its name to RSG Transactional Risks Europe. Hunter George & Partners is the transactional risk managing general underwriter of Ryan Specialty Group Europe, and under its new name will offer numerous products, including Warranty & ... Read the full article
U.S. Risk acquires Floridian wholesale brokerage Regency
4th September 2019
U.S. Risk, a Property & Casualty wholesaler and Managing General Agent, has announced the acquisition of Regency Insurance Brokerage Services, a Florida-based wholesale brokerage and Managing General Agent. Though terms of the sale have not been disclosed, it has been confirmed that the Regency team will join U.S. Risk Brokers, the ... Read the full article
Just Group signs longevity reinsurance deal with RGA
4th September 2019
Life insurer Just Group has signed a deal with The Reinsurance Group of America that will reduce its exposure to longevity risk, and the associated capital requirements, for Defined Benefit De-risking Solutions business. Effective July 1, the agreement will see Just Group increase the proportion reinsured to 100% for all in-force ... Read the full article
Aon adds Purves as a partner in risk settlement team
4th September 2019
Global re/insurance brokerage Aon has announced the appointment of Stephen Purves as a partner in its Risk Settlement team. Purves most recently served at Aviva as Head of core business and was responsible for four deal teams and led on several significant transactions in the bulk annuity market. He joins Aon with ... Read the full article
Former TMR CEO Ruoff to join ILS specialist Schroder Secquaero
4th September 2019
Insurance-linked securities (ILS) fund manager Schroder Secquaero, has announced that Stephan Ruoff, former CEO at Tokio Millennium Re (TMR), is set to join the company as Deputy Head in November. Ruoff served as Group CEO of TMR from April 2015 to March 2019, having joined the company as CEO for Continental ... Read the full article
CCR Re sustains top line growth in H1, with ratings affirmed by AM Best
4th September 2019
CCR Re has reported that its gross written premiums increased by 16% to €441 million during the first half of 2019, which helped contribute to a stable net income of €17 million. The result builds on the momentum seen in 2018, when the company increased its top line by 17%, with ... Read the full article
Marsh appoints senior leaders for Property and FINPRO practices
4th September 2019
Global re/insurance brokerage Marsh has announced the appointments of Michael Rouse as head of US Property and Michelle Sartain as head of Financial and Professional Liability (FINPRO) for the US and Canada. Effective immediately, Rouse will now assume leadership of Marsh’s US Property Practice from Duncan Ellis, who has left the ... Read the full article
SCOR to invest €250m in tech-focused ‘Quantum Leap’ strategy
4th September 2019
Global reinsurer SCOR has launched its new 'Quantum Leap' strategy, a two-and-a-half year plan which emphasises the integration of technology, as the company looks to create the "reinsurance company of tomorrow.” This new strategy is SCOR’s seventh since 2002, and follows the ‘Vision in Action’ plan implemented in 2016. Over the period ... Read the full article
Marsh’s Duncan Ellis to join AIG as Head of Retail Property, NA General Insurance
4th September 2019
Global insurer American International Group (AIG) has appointed Duncan Ellis as Head of Retail Property, North America General Insurance, based in New York and reporting to Ken Riegler, President of North America General Insurance, Product & Field Management. Ellis joins the firm in late September from global re/insurance broker Marsh, where ... Read the full article
Dedicated reinsurance capital up 8% to $559bn in H1 2019: Willis Re
4th September 2019
Global reinsurance broker Willis Re, the reinsurance arm of brokerage Willis Towers Watson, has reported that total, dedicated reinsurance capital increased by 8% in the first-half of 2019 to $559 billion, compared with $518 billion at the end of 2018. According to the reinsurance broker's latest Reinsurance Market Report, the largest ... Read the full article
Hurricane Dorian a little weaker, but still set to skirt Florida coast
3rd September 2019
Hurricane Dorian has weakened slightly today after spending around 24 hours parked over the Bahamas where it has caused significant devastation. Reports suggest as many as 13,000 residential properties in the Bahamas have been damaged or completely destroyed, while reports of lives lost are beginning to come in. The islands face a ... Read the full article
Pioneer Underwriters names Hazel Beveridge as Chief Actuary
3rd September 2019
Pioneer Underwriters, the underwriting group within Minova Insurance Holdings Ltd, has named Hazel Beveridge as Chief Actuary. Effective September 1st, 2019 Beveridge will join the firm's Executive Committee and reports to Pioneer's Chief Executive Officer (CEO), Andrew McMellin. She brings more than 20 years of pricing and reserving experience to the role, ... Read the full article
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