Reinsurance News
Aon targets private equity investors in NAIC partnership
17th December 2019
Global re/insurance brokerage Aon has partnered with The National Association of Investment Companies, the largest network of diverse-owned private equity firms and hedge funds. The move will give Aon an opportunity to offer its services to NAIC member companies, which are expected to increasingly pursue innovative and complex transactions as the ... Read the full article
Marsh appoints Walsh head of corporate division office, Leeds
17th December 2019
Global re/insurance brokerage Marsh has appointed John Walsh as head of office, corporate division in Leeds. Walsh, who has been with Marsh for over six years, reports to Allan McPherson, regional managing director for North of England & Scotland, Corporate Division. In his new role as head of office in Leeds, Walsh ... Read the full article
Monument Re acquires closed life book from Belgium’s Curalia OVV
16th December 2019
Bermuda domiciled life reinsurance and insurance holding company, Monument Re, has announced the acquisition of a closed book of life business from Curalia OVV, a mutual insurance company based in Belgium. Under the terms of the transaction, the portfolio transfers into Monument Assurance Belgium NV, the reinsurer's Belgian carrier. Monument Assurance Belgium ... Read the full article
Alex Orloff named Director of Capital Markets Analytics, BMS Capital Advisory
16th December 2019
Insurance and reinsurance brokerage BMS Group has named Alex Orloff as Director of Capital Markets Analytics at BMS Capital Advisory, the firm's investment banking unit. In this role, Orloff will report to Romulo Braga, Chief Executive Officer (CEO) of BMS Capital Advisory, effective immediately. He will be tasked with leading the development ... Read the full article
New tech unlocks opportunities for SME insurance: Goldman Sachs
16th December 2019
Technological developments are increasingly enabling large re/insurance companies to overcome challenges that had previously prevented them from making more inroads into the small commercial market (SME) space, according to Goldman Sachs. Analysts noted that the SME insurance marketplace is seen as an attractive segment for larger companies due to its more ... Read the full article
UK election result offers insurers increased certainty: Clyde & Co’s Newman
16th December 2019
Despite much work still needing to be done around the UK's Brexit vote and future trade relationships, the result of the general election last week, which saw the Conservatives win an overall majority, delivers a greater level of certainty for insurers than what the sector has been used to over ... Read the full article
Beazley adds senior specialty lines underwriter from Markel
16th December 2019
Specialist insurer Beazley has bolstered its underwriting capabilities for specialty lines in Spain with the appointment of Gabriel Rodríguez as a senior specialty lines underwriter. Rodríguez joins a team led by Francisco Antonio Alcaide and will support the rollout of Beazley's e-trading platform, myBeazley. He joins from Markel, having served as ... Read the full article
Arch predicts industry “pain”, confident in own reserve position
16th December 2019
Bermudian re/insurer Arch Capital Group expects worsening liability loss trends to cause the industry significant pain but is confident in its own reserve position. Arch’s Chief Executive Officer Marc Grandisson and Chief Financial Officer François Morin say the firm’s position reflects its longstanding conservative reserving philosophy and recent years' strong mortgage ... Read the full article
China Re targets overseas expansion with Hong Kong subsidiary
16th December 2019
China Re Group is set to launch a new fully-owned subsidiary, China Reinsurance Hong Kong Co. Ltd. (China Re HK), which is expected to play a vital role in the company's overseas expansion plans for its life reinsurance business. The new subsidiary will have the benefit of being able to leverage ... Read the full article
Whiplash reforms might drive a surge in reported motor claims
16th December 2019
Ahead of the implementation of the delayed Whiplash Reforms, now set to be introduced in April 2020, there might well be a surge in reported motor claims, according to Chairman of the Society of Claims Professionals, Sue McCall. The UK Government announced previously that the Soft Tissue Injury Claims reforms – ... Read the full article
MS Amlin’s Vickie Fox joins IGI’s London Marine team
16th December 2019
Specialist commercial insurer and reinsurer, International General Insurance Holdings Limited (IGI), has named Vickie Fox as Underwriter, Ports and Terminals, within its London Marine team. Fox joins IGI from MS Amlin, where she helped establish and develop the firm's marine trade offering. Prior to MS Amlin, she worked as a broker ... Read the full article
Fitch revises Sirius’ ratings outlook to negative, cites underwriting challenges
16th December 2019
Fitch Ratings has revised the rating outlook of Sirius International Group, Ltd. to Negative from Stable, which the ratings agency says reflects operating performance deterioration in recent years. At the same time, Fitch has affirmed Sirius International Group, Ltd.'s government, including its 'BBB' Long-Term Issuer Default Rating (IDR), 'BBB-' senior debt ... Read the full article
Chaucer strengthens US & International Property divisions
16th December 2019
Specialty insurer and reinsurer Chaucer has announced a number of appointments within its U.S. and International property segments, including Chance Gilliland as Head of US Property Insurance. Alongside the hiring of Gilliland, Mel Smart has been appointed as Head of International Property Fac and Michael Johnston as Deputy Class Underwriter, International ... Read the full article
Kokkalas to succeed Kassow on ERGO Germany board
16th December 2019
Theodoros Kokkalas is set to succeed Dr. Achim Kassow as Chairman of the Board of Management of ERGO Germany on 1 May 2020. Kassow, who has been with the group for over three years’, was announced recently as the succsseeor to Hermann Pohlchristoph. Kokkalas has been Chief Executive Officer of ERGO ... Read the full article
Andrée Bourgon to lead Grant Thornton’s Insurance growth strategy
16th December 2019
Grant Thornton LLP, the U.S. member firm of independent audit, tax and advisory firm Grant Thornton International Ltd, has named Andrée Bourgon as a Managing Director, overseeing the firm's Growth Strategy practice for the Insurance space. She brings more than two decades of experience to the role, and will be tasked ... Read the full article
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