Reinsurance News
Bredahl joining TigerRisk Partners as President & COO
14th May 2019
Rob Bredahl, who resigned from reinsurer Third Point Re only a few days ago, has already resurfaced as the new President and Chief Operating Officer of reinsurance brokerage, risk and capital strategic advisory TigerRisk Partners. Bredahl will join TigerRisk as from the middle of June and in addition to the ... Read the full article
Advisory firm ISS backs Argo in shareholder row, Voce responds
13th May 2019
Specialty re/insurer Argo has received a public backing of its Director nominees from the Institutional Shareholder Services (ISS), an independent shareholder advisory firm, a decision that has been described by Voce Capital Management as “baffling”. A back-and-forth between the two companies has been ongoing since February of this year, when Voce ... Read the full article
Markel names Head of North American Property Reinsurance in London
13th May 2019
Specialist insurer Markel International has announced the appointment of Nick Lazarus as Managing Director for North American Property Reinsurance, based in London. Lazarus joins Markel from Hiscox, where he worked as a Senior Underwriter and was recently involved in the fronting of Hiscox Re ILS funds and the marketing of its ... Read the full article
Re/insurers set to pay $1 billion+ for April nat cats: Aon
13th May 2019
The latest global catastrophe recap report from insurance and reinsurance broker, Aon, reveals that insurers and reinsurers are set to pay out more than $1 billion in losses from natural disaster events that occurred in the month of April 2019. Aon's April, global catastrophe recap report highlights an extremely active month ... Read the full article
SCOR CEO calls for cyber ‘Richter scale’: reports
13th May 2019
The re/insurance industry must act together with the relevant authorities and design a common, global scale with which to accurately assess cyber loss events, according to Denis Kessler, the Chief Executive of French reinsurance giant SCOR. “It would be very helpful to have measurement and modeling tools,” Kessler added, suggesting something ... Read the full article
Most important wave of consolidation is around the corner: Twelve Capital’s Ramseier
13th May 2019
The next, and arguably the most important wave of insurance and reinsurance industry consolidation is around the corner, according to Urs Ramseier, Twelve Capital, Founding Partner, Chief Executive Officer (CEO) & Chief Investment Officer (CIO). Twelve Capital is a Zurich headquartered insurance and reinsurance linked specialist investment fund, with more than ... Read the full article
U.S P&C insurers’ financial leverage remains stable: Fitch
13th May 2019
U.S property and casualty (P&C) insurers’ financial leverage remained stable year-on-year, according to Fitch Ratings, who recorded the sector’s aggregate financial leverage ratio (FLR) at 'A-'. Fitch explained that the ratio implied debt rating guidelines at 22.6% for year-end 2018, which was down minimally from 22.9% at year-end 2017. "In the medium ... Read the full article
Increased Q1 PPL uptake across Lloyd’s while IUA usage drops
13th May 2019
First quarter data released by the Board of Placing Platform Limited (PPL) shows increased adoption levels across Lloyd’s syndicates, whereas uptake among International Underwriting Association (IUA) companies fell behind the strong numbers put up in the previous quarter. Data shows that Lloyd’s syndicates, led in the rankings by Liberty Managing ... Read the full article
A&P Worldwide Solutions registers as Lloyd’s broker
13th May 2019
A&P Worldwide Solutions Limited, a reinsurance broker based in London, has announced that it has been granted the status of a Lloyd’s broker. Registering with Lloyd’s will allow A&P to expand its operations while continuing to provide its current levels of service, the broker explained. "We are delighted to achieve Lloyd's broker ... Read the full article
Everest Insurance adds Joanna Suarez & Mary Rimbey to E&S Casualty team
13th May 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re, has announced the addition of Joanne Suarez and Mary Rimbey to its E&S Casualty group, based in the company’s Chicago office. Suarez has joined the E&S Excess Casualty group as a Director with responsibility for underwriting excess casualty business over a range ... Read the full article
Munich Re’s Thurnim appointed Treaty Director at THB Europe
13th May 2019
Specialist insurance and reinsurance broker THB Group has appointed Zamira Thurnim to the position of Treaty Director for the company’s European operations, effective immediately. Based in the Netherlands, Thurnim will also work extensively across the growing THB markets throughout Africa. She joins from Munich Re, where most recently she held the role ... Read the full article
Lloyd’s proposes merging Franchise Board into Council
13th May 2019
Insurance and reinsurance marketplace Lloyd’s of London has detailed a proposal to merge its Franchise Board into the Lloyd’s Council as part of its ongoing drive for increased efficiency. Lloyd’s explained that the operation of both bodies leads to duplication and occasional questions around which body should undertake specific activities. Governance reports ... Read the full article
Guy Carpenter expands international analytics and advisory capabilities
13th May 2019
Global reinsurance broker Guy Carpenter has announced a number of international analytics and advisory appointments in London, including the addition of Richard Rodriguez as its new Head of Analytics and Advisory, UK and Global Specialties. Previously a Chief Actuary at Lloyd's of London, Read the full article
CNA Hardy adds new features to cyber offering
13th May 2019
Specialist commercial insurer CNA Hardy has added a number of features to its cyber proposition, including a new pre-breach service and additional coverages. The company’s policy now includes cover for impersonation fraud and social engineering, which it considers to be one of the biggest exposures for businesses. Existing and new policyholders in ... Read the full article
CatIQ updates Canadian exposure database in partnership with PERILS
13th May 2019
Catastrophe Indices & Quantification Inc. (CatIQ) has released the annual update of its Canadian insurance Industry Exposure Database (IED), developed with the support of the Canadian P&C industry and in partnership with Zurich-based PERILS AG. Launched in June 2018, CatIQ’s IED is based on exposure submissions from a majority of the ... Read the full article
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