Reinsurance News
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
WTW appoints head of EMEA region for Consulting and Technology business
7th January 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Colin Forrest as Regional Leader for Europe, Middle East and Africa (EMEA) in its Insurance Consulting and Technology business. Forrest most recently served as leader of the UK Life team in WTW’s Insurance Consulting and Technology business, before which he ... Read the full article
Swiss Re Corporate Solutions introduces parametric water-level insurance
7th January 2019
Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has announced the launch of FLOW, a parametric water-level insurance solution. Designed to protect companies in Europe from the financial impact of high or low river water levels - such as lost revenue due to business interruption or increased costs ... Read the full article
Zurich hires Graham Wood to lead Regional Business Development for A&H
7th January 2019
Zurich Insurance Group has appointed Graham Wood to the newly created role of Head of Regional Business Development for Accident & Health (A&H). Wood joins Zurich from Chubb, where he most recently served as A&H Business Development Manager for the North & Scotland regions. He brings a wealth of A&H experience to ... Read the full article
Liberty Mutual Re hires Uwe Haug from Hannover Re
7th January 2019
Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, has appointed Uwe Haug as Head of Underwriting Strategy and Business Development for its global financial risks reinsurance business. Haug spent the previous two decades at Hannover Re, most recently leading its global specialty portfolio as General Manager for Northern, ... Read the full article
Munich Re appoints Nicholas J. Gartside CIO
7th January 2019
Munich Re has announced the appointment of Nicholas J. Gartside, a Managing Director at J.P Morgan Asset Management, as a member of the Board of Management and Chief Investment Officer. As CIO, Gartside will be responsible for the whole Asset Management of Munich Re (Group), starting on 18 March 2019. Gartside is ... Read the full article
Continental Re incorporates subsidiary, appoints Swiss Re’s Oumar BA to lead
7th January 2019
Pan-African reinsurer Continental Reinsurance has completed the incorporation of a subsidiary office in Douala, Cameroon, and appointed former Swiss Re Regional Manager Oumar BA to head it up. The company started its operations in Douala in 2004 as a branch office and later opened its Abidjan office in 2012 to diversify ... Read the full article
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