Reinsurance News
Aon Securities reveals key role in Chaucer acquisition, Peak Re sidecar
12th April 2019
Aon Securities, the investment banking division of Aon, has detailed its involvement in two significant transactions on behalf of Asia re/insurers. Aon Securities served as the sole buy-side mergers and acquisitions advisor to China Re on its recent acquisition of Chaucer. China Re wrapped up its acquisition of the London-based and ... Read the full article
Radian secures $562m of reinsurance from capital markets
12th April 2019
Radian Guaranty, a subsidiary of Radian Group, has secured $562 million of credit risk protection from Bermudian special purpose insurer Eagle Re 2018-1 Ltd. through the issuance of mortgage insurance-linked notes (ILNs) to eligible third-party capital markets investors in an unregistered private offering. The four classes of ILNs issued by Eagle ... Read the full article
Sharone Menczel Poopor joins Everest Insurance as VP, Structured Solutions
12th April 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re, has appointed Ironshore's Sharone Menczel Poopor as a Vice President (VP) within its Structured Solutions group. Based in the firm's Liberty Corner, NJ office, she will be responsible for underwriting unusual and complex risks, offering clients a range of bespoke underwriting solutions. She ... Read the full article
Opportunity to close $310bn health protection gap in emerging markets: GA
12th April 2019
A new report by industry think tank The Geneva Association (GA) has suggested that the $310 billion health protection gap in emerging markets represents a major opportunity for re/insurers to increase their penetration in these regions and protect the most vulnerable. The GA found that people in emerging markets are finding ... Read the full article
Lloyd’s reforms “painful” but delivery “essential”, says Berenberg
11th April 2019
It's going to be a "painful process", but the specialist Lloyd's of London insurance and reinsurance marketplace is finally starting to address its high expense issue and deteriorating profitability, reports Berenberg. Overall, Berenberg believes that the Lloyd's and wider London market has finally started to reform, with initiatives underway across the ... Read the full article
Howden builds Norway presence with stake in Employee Benefits broker, NIP
11th April 2019
Howden Broking Group's Norway subsidiary, Howden Forsikringsmegling SA (Howden Norway) has acquired a majority stake in Employee Benefits brokerage, Norwegian Insurance Partner AS (NIP). According to an announcement on the deal, the combination of Howden Norway and NIP creates a top-five broker in Norway, and the market leader in Employee Benefits. The Founder and ... Read the full article
Tokio Marine Kiln adds Robotham as Divisional Head of A&H Insurance
11th April 2019
Tokio Marine Kiln, part of global insurance group Tokio Marine, has announced the appointment of David Robotham as Divisional Head of Accident & Health Insurance. He reports to the Interim Departmental Head of A&H Division, Holly Strettle, and is joined by Paul De Vido. De Vido, who joins as Divisional Head of ... Read the full article
Rising terror threat, populism, political tension a challenge for businesses: Aon
11th April 2019
Growing populism in some parts of the world, combined with increasing protectionist measures in others and rising political and trade tensions, are creating both challenges and opportunities for the risk transfer industry, according to Aon's 2019 Global Risk Maps. The insurance and reinsurance broker's 2019 Global Risk Maps, developed alongside Continuum Economics ... Read the full article
Law firm HFW bolsters Middle East insurance offering with new Partner
11th April 2019
HFW, an international sector-based law firm, has launched an insurance offering in Abu Dhabi with the hire of Justin Whelan as Partner. This partner appointment is the firm’s fifth to be added since 2018. Whelan’s arrival means HFW now has specialist insurance teams in each of its four Middle East offices. He ... Read the full article
InsurTech Lemonade secures $300m in latest funding round
11th April 2019
InsurTech start-up Lemonade has announced the signing of a $300 million Series D funding round led by SoftBank Group, with participation from Allianz, General Catalyst, GV, OurCrowd, and Thrive Capital. Lemonade is one of the most high-profile companies to emerge from the insurance technology wave with aims to digitising the entire ... Read the full article
All elements of China Re’s Chaucer acquisition now finalised
11th April 2019
International specialty insurance and reinsurance group, Chaucer, has announced that China Reinsurance Corporation (China Re) has completed the acquisition of Chaucer Insurance Company DAC in Ireland and SLE in Australia, from The Hanover Insurance Group, Inc. China Re announced it had finalised its takeover of Chaucer in December 2018, noting ... Read the full article
Third Point Re adds Afford, Lopes to Specialty Treaty division
11th April 2019
Bermuda-based, hedge fund backed reinsurer Third Point Re has appointed Rachael Afford and Melanie Lopes to its Specialty Treaty division as Vice President and Underwriter respectively. Both Afford and Lopes will report Tracey Gibbons, who was this week added as Head of Specialty Reinsurance. Afford brings with her over 14 years ... Read the full article
TransRe announces leadership shuffle, merges NA & LatAm units
11th April 2019
Transatlantic Holdings, Inc. (TransRe) is to merge its North American and Latin American divisions into TransRe Americas, as part of a leadership transition that includes the retirement of Javier Vijil from his executive role after 26 years with the firm. Vijil founded the reinsurer's Latin America & The Caribbean division when ... Read the full article
CCRIF, CRFM sign MoU to develop solutions for Caribbean fisheries & aquaculture
11th April 2019
The Caribbean Regional Fisheries Mechanism (CRFM) has signed a memorandum of understanding (MoU) with the CCRIF SPC to develop climate-resilient fisheries and aquaculture industries in the region. The latest collaboration between the CRFM and the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), is designed to formalise collaborative efforts around ... Read the full article
Aon adds SCOR’s Alexander as Head of Life Reinsurance broking for Australia, NZ
11th April 2019
Aon has named Danny Alexander as its new Head of Life Reinsurance broking for Australia and New Zealand, as the firm looks to strengthen its reinsurance offering in the region. Alexander was most recently working at reinsurer SCOR in Sydney, Australia where he was Head of Client Solutions focused on the ... Read the full article
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