Reinsurance News
Samsung Fire & Marine takes stake in Canopius
3rd May 2019
Global specialty lines re/insurer Canopius has signed an agreement that will see Samsung Fire & Marine Insurance, part of the Korean tech giant, become a significant minority investor in the company. The investment, which is subject to necessary regulatory consents, is expected to close in the third quarter of 2019. “I am ... Read the full article
MS Amlin enhances rural motor insurance offering with digital trading solution
3rd May 2019
Insurer and reinsurer MS Amlin has announced a significant update to its Countrywise insurance products and claims solutions, designed to meet the agricultural motor insurance needs of both brokers and their customers. To upgrade its Countrywise insurance product and claims solutions, MS Amlin has launched a new and innovative digital trading ... Read the full article
Hamilton Re promotes Hanni Ali to SVP for Risk & Analytics
3rd May 2019
Hamilton Re, the reinsurance arm of Bermuda-based Hamilton Insurance Group, has announced the promotion of Hanni Ali to Senior Vice President (SVP), Risk & Analytics. Ali leads the Risk & Analytics function at Hamilton Re, overseeing a team of nine that include catastrophe modellers and data scientists. He is also responsible for ... Read the full article
CoreLogic offers new property exposure solution for tornadoes
3rd May 2019
Global catastrophe risk modeller CoreLogic has announced the launch of Tornado Path Maps, a new solution that promises to deliver precise damage exposure data from a tornadic event in minutes. CoreLogic claims that the solution will allow insurers to anticipate claims volume and adjuster deployment for streamlined claims processing, offering quicker ... Read the full article
Large losses hit Swiss Re’s P&C unit, L&H Re posts record net income
3rd May 2019
Global reinsurance giant Swiss Re has announced net income of $429 million for the first-quarter of 2019, driven by a solid performance in its Life & Health Reinsurance segment, somewhat offset by large losses. At $429 million, Swiss Re's Q1 2019 net income declined slightly year-on-year from $457 million. The firm's ... Read the full article
Heightened demand, M&A drives premium growth for reinsurers in 2018: Aon
2nd May 2019
The group of 23 reinsurers that form the Aon Reinsurance Aggregate (ARA) recorded strong premium growth in 2018, supported by previous merger and acquisition (M&A) activity and greater demand for reinsurance protection. Overall, property and casualty (P&C) net premiums for the cohort of companies increased 9% to $154 billion, from the ... Read the full article
Leap Life announces digital insurance platform, backed by RGAX
2nd May 2019
Leap Life, an insurtech company backed by RGAX, the transformation unit of Reinsurance Group of America (RGA), has announced the launch of its personalised digital life insurance platform. The platform aims to predict an applicant’s chances of getting approved, using a matching algorithm that optimises need, health and financial fit to ... Read the full article
EC3 Brokers appoints James Murphy Head of Broking
2nd May 2019
Re/insurance specialists EC3 Brokers has announced the appointment of James Murphy to the newly-created role of Head of Broking. Murphy joined on 1 May from Integro Insurance, Brokers where he served as Principal. He will now be responsible for expanding EC3’s marketing activities and developing new partnerships. He has worked in the London ... Read the full article
Chris DeMuth joins BMS Capital Advisory from JLT
2nd May 2019
BMS Group, the independent specialist re/insurance broker, has announced the appointment of Chris DeMuth as Senior Vice President (SVP) at BMS Capital Advisory, its investment banking division. DeMuth joins BMS from JLT Capital Markets, where he most recently served as SVP, providing M&A, capital raise and advisory services to the re/insurance ... Read the full article
Chubb’s Tony Jordan joins AXIS Capital as Group Chief Actuary
2nd May 2019
AXIS Capital Holdings Limited has appointed global re/insurer Chubb's Tony Jordan as its new Group Chief Actuary, reporting to Peter Vogt, AXIS Capital's Group Chief Financial Officer (CFO). Based in the firm's London office, Jordan will be responsible for overseeing AXIS Capital's corporate actuarial function, which includes reserving functions, capital modelling ... Read the full article
Relation appoints CFO and Head of M&A, adds Jeff Greenberg to Board
2nd May 2019
Independent U.S brokerage Relation Insurance Services has announced the appointment of Chris McKechnie as Chief Financial Officer (CFO) and Tim Hall as Executive Vice President and Head of M&A. Additionally, following the announcement of its acquisition by Aquiline Capital Partners LLC in February 2019, Relation has added Jeff Greenberg, Chairman ... Read the full article
Re/insurance market turning more positive, say analysts
2nd May 2019
Analysts at Canaccord Genuity believe signs of a steady re/insurance market turn might be starting to materialise, underpinned by a return to underwriting discipline and a shift from market dynamics more favourable to buyers of protection. Discussing a recent Willis Towers Watson (WTW) report, analysts note a more positive outlook for commercial ... Read the full article
Aon adds JLT’s Dave Barratt to its UK Risk Settlement team
2nd May 2019
Global insurance and reinsurance broker Aon has appointed JLT's Dave Barratt as a Senior Consultant within its UK Risk Settlement team. Barratt joins after spending 13 years with rival broker JLT, where he was an experienced defined benefits settlement consultant within JLT Employee Benefits. Throughout his career, Barratt has advised numerous trustees and ... Read the full article
Allstate grows catastrophe reinsurance program by $363 million
2nd May 2019
The Allstate Corporation has expanded its catastrophe reinsurance program for 2019 - 2020 to $4.863 billion, compared with a $4.5 billion program in the previous year. Overall, Allstate's total catastrophe reinsurance spend in the first-quarter of 2019 was $88 million, compared with a total spend of $85 million in the prior ... Read the full article
Allied World establishes retakaful window
2nd May 2019
Global insurer and reinsurer Allied World Assurance Company Holdings, GmbH has announced the development and launch of a new retakaful window by the Labuan branch of Allied World Assurance Company, Ltd. The Labuan Branch retakaful window has been established to take advantage of both consumer and commercial opportunities. According to an announcement ... 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.
