Reinsurance News
Hannover Re & HDI Global launch new specialty insurance venture
8th January 2019
HDI Global Specialty SE, a new specialty lines insurer launched as a collaborative venture between Hannover Re and HDI Global, commenced underwriting at the beginning of the year with premium volumes in excess of €1 billion. The insurer was formed after HDI Global and Hannover Re, which are both part of ... Read the full article
2019 shaping up as busy year for insurtech Tremor: CEO, Sean Bourgeois
8th January 2019
The Chief Executive Officer (CEO) of InsurTech start-up Tremor Technologies, Inc., Sean Bourgeois, says that 2019 is shaping up to be very busy for the firm, after the successful completion of the first fully programmatic placement of a property catastrophe reinsurance program. Tremor’s open, technology-driven, programmatic marketplace for reinsurance risk placement ... Read the full article
Neon successfully renews $77m NCM Re sidecar
8th January 2019
London-headquartered re/insurance specialist Neon has successfully renewed its NCM Re sidecar a year on from its launch as the UK’s first ILS vehicle to utilise regulations passed in 2017. The transaction was launched on 1 January 2019 and is a $77 million collateralised quota share of Neon Syndicate 2468’s property treaty reinsurance ... Read the full article
Justin Moser promoted to President of ebmsRe
8th January 2019
EbmsRe, a stop-loss reinsurance program owned by Employment Benefit Management Services (EBMS) has promoted Justin Moser to the President role. Moser has been with EBMS for over a decade, having joined in 2007 as an Account Manager. He will now oversee the strategic and financial goals of ebmsRe and lead efforts to ... Read the full article
Munich Re pegs 2018 insured cat losses at $80bn, double the 30-year average
8th January 2019
Global reinsurance giant Munich Re has revealed an $80 billion industry loss from 2018’s natural catastrophes, a figure which, despite falling well short of the $350 billion inflicted in 2017, represents a near doubling of the $41 billion 30-year average. This estimate by Munich Re mirrors Swiss Re's prediction last ... Read the full article
WTW adds Costas Yiasoumi to pension de-risking team
8th January 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Costas Yiasoumi as a Senior Director in its pension de-risking transaction business. Yiasoumi joins WTW from Legal & General, where he served as Head of Core Business, focusing on the buy-in and buy-out market. He has more than 20 years’ experience ... Read the full article
Brit announces strategic investment in A&H MGU Sutton Special Risk
8th January 2019
Global specialty re/insurer Brit Limited has made a strategic investment in Sutton Special Risk, a Managing General Underwriter (MGU) specialising in Accident & Health (A&H). Brit states the investment offers attractive exposure to an MGU experiencing rapid growth and a strong presence in Canada and the U.S. “We are delighted to announce ... Read the full article
White Mountains acquires minority stake in P&C insurer Noblr
8th January 2019
Bermuda domiciled financial services holding company White Mountains Insurance Group has acquired a minority equity stake in property and casualty insurance provider Noblr. A new company, Noblr provides consumers with real-time insurance rates and real-time feedback on driving behavior by leveraging telematics and Noblr's own proprietary technology. Gary Tolman, Noblr’s co-founder, commented, ... Read the full article
Amynta Group acquires ClearView Risk Holdings
8th January 2019
Amynta, a group created in 2018 from Madison Dearborn Partners’ acquisition of a number of AmTrust Financial Services U.S fee businesses, has acquired ClearView Risk Holdings, a differentiated habitational MGA and specialised transactional wholesale brokerage. ClearView controls over $200 million of premium and is the parent holding company for Strata Underwriting ... Read the full article
Royal London opens subsidiary in Ireland ahead of Brexit
8th January 2019
UK-based mutual insurer Royal London has opened a new subsidiary in Ireland to ensure continuity of service for customers who may be affected by the UK’s decision to leave the European Union (EU) in March 2019. The insurer explained that the subsidiary would build on the work of its existing Irish ... Read the full article
Berkshire Hathaway Specialty hires Alfred Barth from Gielisch
8th January 2019
Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, has announced the appointment of Alfred Barth as Senior Claims Adjuster in Germany. Barth joins BHSI after nearly four decades at C. Gielisch GmbH in Düsseldorf, where he most recently served as Senior Loss Adjuster, ... Read the full article
Everest Re CEO Dominic Addesso to retire
8th January 2019
Bermuda headquartered insurance and reinsurance firm Everest Re Group, Ltd. has announced that its current President and Chief Executive Officer (CEO) Dominic J. Addesso is set to retire at the end of 2019. The re/insurer's Board announced that Addesso will not continue with the firm beyond his current contract term. Addesso informed ... Read the full article
Compre appoints Simon Hawkins as CFO
8th January 2019
Compre, the independent European re/insurance legacy acquirer, has announced the appointment of Simon Hawkins as Chief Financial Officer (CFO), effective immediately. He succeeds outgoing CFO Paul Matson, who held the role for the previous three years and completed a four-month handover to Hawkins before departing at the end of 2018. Hawkins joined ... Read the full article
NAGICO and Swiss Re sign reinsurance treaty renewal at sea
7th January 2019
NAGICO Group and Swiss Re have renewed their Excess of Loss (XoL) reinsurance treaty with a symbolic signing 1,500 miles from land on a boat in the Atlantic Ocean. The treaty, which became effective on 1 January 2019, was signed by Cameron Parker, Head of P&C Structured Solutions for Continental Europe ... Read the full article
AXIS Capital CEO Albert Benchimol elected Chair of ABIR
7th January 2019
The Association of Bermuda Insurers & Reinsurers (ABIR) has concluded its biennial election process, securing new officers for 2019-20, with the President & Chief Executive Officer of AXIS Capital, Albert Benchimol, appointed Chair. Marc Grandisson, President & CEO Arch Capital Group joins as Deputy Chair whilst Kean Driscoll, CEO of Validus ... 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.
