Reinsurance News
AXA XL Risk Consulting appoints Global Casualty Risk Engineering Leader
26th November 2019
AXA XL Risk Consulting has announced the appointment of Sheri Wilbanks as Global Casualty & Environmental Lines of Business Manager. Wilbanks joins the business from AIG, where she most recently served as Global Innovation Lead for AIG’s Client Risk Solutions division. Prior to that position, she served as Casualty and Financial Lines ... Read the full article
Florida claims settlements consistent despite hurricane losses: Demotech
26th November 2019
Florida focused property insurers are closing claims at a pace consistent with prior years despite the major storm losses of 2016, 2017 and 2018, according to a new study by financial analysis firm Demotech. The study, which used data from S&P Global, compiled information from the annual statements of 91 insurance ... Read the full article
Tysers adds Christina Allen to Bermuda arm
26th November 2019
Tysers, the specialty London-based wholesale broker, has announced the appointment of Christina Allen as a Director of Tysers Bermuda. Allen was most recently employed at Paragon Brokers (Bermuda) Ltd. She joins Tysers with over 15 years of re/insurance experience, predominantly in the Financial and Professional Lines Market in both Canada and Bermuda. In ... Read the full article
Argo’s shareholders must have input to critical decisions, says Voce
26th November 2019
Argo Group shareholder, Voce Capital Management, has today launched a process to call a Special Meeting of Argo Shareholders, saying that shareholders in the company must have input to critical leadership, governance, and strategic decisions which will have lasting impacts. Earlier in November, Voce described the specialty re/insurer’s board as ... Read the full article
Berkshire (BHSI) names Warrior Head of D&O Liability underwriting, UK & Ireland
26th November 2019
Berkshire Hathaway Specialty Insurance (BHSI), a division of Warren Buffett's Berkshire Hathaway, has hired Chris Warrior as Head of Directors' & Officers' Liability underwriting for UK & Ireland, based in the firm's London office. The appointment expands the company's European team with the addition of Warrior, who brings 36 years of ... Read the full article
A “truly unconventional hard market” says the CIAB
26th November 2019
The majority of respondents to a recent market survey agreed that market conditions continued to harden in the third-quarter of 2019, reports The Council of Insurance Agents & Brokers (CIAB). The CIAB's Q3 Commercial Property/Casualty Market Survey reveals that industry participants feel that during Q3, the market was transitioning from firm ... Read the full article
Amynta appoints Global Head of Structured Solutions/Reinsurance
26th November 2019
Amynta Group has announced the appointment of Scott Allan as Global Head of Warranty Structured Solutions/Reinsurance. Prior to Amynta, Allan co-founded StatSure Financial and played a key role in the foundation of reinsurance platforms across industries seeking captive solutions. Previously, he also founded Oceanus Reinsurance A.I. (later named Spencer Re), an international ... Read the full article
Legal & General in £1.6bn pension buy-in with National Grid UK
26th November 2019
Legal & General Assurance Society Limited has entered into a £1.6 billion pension risk buy-in deal with the National Grid UK Pension Scheme (NGUKPS). The policy covers 6,000 pensioner members from Section B of the £20 billion defined benefit pension scheme, which is primarily for previous employees of the gas industry. This ... Read the full article
Great American names President of M&A Liability Division
26th November 2019
Great American Insurance Group has announced the promotion of Roy Reynolds to Divisional President within its Property & Casualty (P&C) Group, Mergers & Acquisitions (M&A) Liability Division. At the same time, Great American has named Garry Gordon as Divisional Senior Vice President, also for its P&C Group, M&A Liability Division. Reynolds joined ... Read the full article
Munich Re more interested in primary insurer acquisitions
26th November 2019
Joachim Wenning, Chief Executive Officer (CEO) of reinsurance giant Munich Re, has said that the company is currently more interested in looking at acquisitions of primary insurers, according to reports from German newspaper Welt. Speaking at an event on Monday evening in Munich, Wenning said that acquisitions of reinsurance firms seemed ... Read the full article
Theresa Froehlich named Chair of Aspen Insurance UK
26th November 2019
Theresa Froehlich has been appointed Chair of Aspen Insurance UK Ltd. (AIUK) and as a non-executive director of AIUK and Aspen Managing Agency Ltd. (AMAL), subject to regulatory approval. At the same time, Aspen Insurance Holdings Ltd. has announced the appointment of Natalie Waller as a non-executive director of AIUK and ... Read the full article
LiquidX welcomes Great American Insurance to electronic platform
26th November 2019
LiquidX, the international network for illiquid assets, has announced the addition of Great American Insurance Group and subsidiary FCIA Management to its trade credit insurance marketplace. The recently-launched platform enables insureds to electronically and directly access the trade credit underwriting market for their insurance requirements, and is open to any interested ... Read the full article
Markel’s Mia Finsness named MD, Global Casualty Underwriting & Claims
26th November 2019
Markel Corporation's Mia Finsness, who currently leads Casualty Claims at Markel for North America and the Dublin and London Assurance divisions, has seen her role expand to Managing Director, Global Casualty Underwriting and Claims. In her new role, she will continue to manage the Markel North America and the Dublin and ... Read the full article
CAC Specialty expands Transactional Liability Practice
26th November 2019
CAC Specialty has added Jordan Tamchin, Esq. as Senior Vice President (SVP) and lead of its Tax Insurance Practice. Most recently, Tamchin served as Vice President (VP), Tax Insurance Counsel for Concord Specialty Risk, which is part of Ryan Specialty Group's RSG Underwriting Managers, where he underwrote a broad range of ... Read the full article
Carlyle Group and T&D acquire AIG’s stake in Fortitude Re for $1.8bn
26th November 2019
The Carlyle Group and T&D Holdings have partnered to acquire a 76.6% ownership interest in Fortitude Re, the run-off reinsurer launched by AIG and Carlyle in November 2018. Valued at $1.8 billion, the deal will leave Carlyle with a 71.5% stake in Fortitude Re (including the 19.9% stake it took ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
