Reinsurance News
RKH appoints JLT Re’s Julian Franzman as Asia Pacific marine head
29th November 2018
RKH Specialty, part of the Hyperion Insurance Group, has appointed Julian Franzman as Head of Marine Cargo, Hull and Liabilities for Asia Pacific. Franzman has over 30 years’ marine re/insurance experience and since 1997 has worked across the Asia Pacific region. He joins from JLT Re Asia Pacific, where he was Managing ... Read the full article
U.S. life re/insurance 2019 outlook stable amid benign credit conditions
29th November 2018
The fundamental sector outlook for U.S life re/insurers in 2019 is stable, with continued benign credit conditions, reduced pressure from low interest rates and strong balance sheet metrics supportive of ratings expectations, Fitch Ratings says. However, Fitch's stable sector outlook remains vulnerable to a big market shock, which it views as ... Read the full article
AXA XL division to adopt AXA Group’s climate strategy
29th November 2018
AXA Group has announced that its sustainability and climate strategy will be extended to AXA XL, the division that was established following the acquisition of XL Group. The move will see AXA XL, which focuses on large property and casualty (P&C) Commercial Lines, implement the Group’s Corporate Responsibility policies, including those ... Read the full article
Risk Cooperative reshuffles executive team
29th November 2018
Risk Cooperative, a risk and insurance advisory firm and coverholder at Lloyd’s, has announced a series of key executive appointments and governance changes as it looks to accelerate growth. Andres Franzetti, one of Risk Cooperative’s co-founders and former Head of Strategy, has been named as President and Chief Operating Officer with ... Read the full article
Everest Re appoints Jon Levenson as Head of Investor Relations
29th November 2018
Global reinsurer Everest Re Group has announced the appointment of Jon Levenson as Head of Investor Relations. Levenson joins Everest from Validus Holdings, Ltd., where he has worked for the previous 12 years in positions such as Group Treasurer and Head of Investor Relations. In his new role, he will be responsible ... Read the full article
Lloyd’s Market Association launches new claims expert platform
29th November 2018
The Lloyd’s Market Association (LMA) has launched its new claims expert management solution and platform for Lloyd’s carriers this week, called Gemini. The platform was developed by the LMA in partnership with Advent Insurance Management Limited, and will be driven by claims professionals from the Lloyd’s market. Gemini will offer Lloyd’s carriers ... Read the full article
New Lloyd’s broker Marken Re announces launch
29th November 2018
Marken Re Specialty Limited, a newly formed specialty re/insurance broker that will operate from Lloyd’s of London, has been launched by the company’s founders Pieter Vlasbloem and Nathan Parke. "Our goal is to enhance the development of our clients by providing them with the most reliable and optimal (re)insurance solutions, with ... Read the full article
AFL launches joint South America venture with Special Division
29th November 2018
Independent Lloyd’s broker AFL Insurance Brokers Ltd has launched AFL Sud America LLC as part of a joint venture with Special Division Reinsurance Brokers, one of the largest reinsurance brokers in South America. The business was formed after AFL acquired a stake in Special Division’s Cooper Gay Argentina LLC business, which ... Read the full article
AXIS Insurance consolidates Cyber and Technology unit
29th November 2018
AXIS Insurance, the insurance arm of AXIS Capital Holdings, has announced the consolidation of its Global Cyber and Technology unit. Led by AXIS’ Global Head of Cyber & Technology, Dan Trueman, the company says the restructured team will enable its cyber and technology insurance capabilities, underwriting expertise and claims services to ... Read the full article
WTW’s ResQ software to help insurers implement IFRS17
29th November 2018
Global re/insurance broker Willis Towers Watson is to launch new software in early 2019 aimed at helping businesses implement IFRS17, one of the most significant and complex changes to insurance accounting requirements in over 20 years. When launched, ResQ Financial Reporter will provide insurers with a framework to generate financial statements ... Read the full article
Continental Reinsurance looks to restructure
29th November 2018
It has been announced that all outstanding and issued shares of Pan-African reinsurer Continental Reinsurance's Nigerian entity, CRe Nigeria, are to be bought back by what appears to be the firm’s investment arm, CRe Investments. The firm has stated that it's making the offer in order to initiate a “much needed restructuring exercise ... Read the full article
Alternative capital market proven to be “relevant and reliable”: PwC’s Gibbons
28th November 2018
The alternative capital market has shown itself to be both “relevant and reliable” following the series of heavy global catastrophe losses in 2017 and 2018, according to David Gibbons, insurance-linked securities (ILS) leader at PwC. Speaking as part of a panel at PwC’s Insurance Summit event in Bermuda, Gibbons said that ... Read the full article
Tower posts $6.7mn loss as weather events and earthquakes hit earnings
28th November 2018
New Zealand-based insurer Tower Limited has posted an NZ $6.7 million (US $4.6 million) loss for the 12 months ending September 30, as its earnings were hit by severe weather claims across the Pacific, escalating costs from the 2010 Canterbury earthquakes, and a settlement with reinsurer Peak Re. The company has ... Read the full article
AXA eyes profit boost in wake of $15bn XL acquisition
28th November 2018
With its investor day being held today, French insurance and investment giant AXA has said it expects the group’s profitability to improve over the next two years due to fresh U.S business bought in by its XL arm, and stated that focus would now be on expanding its operations in ... Read the full article
CNA Hardy appoints Carl Day as Lloyd’s Active Underwriter
28th November 2018
CNA Hardy, a UK specialist commercial re/insurer, has announced that Carl Day has been appointed to the role of Active Underwriter for Lloyd’s Syndicate 382. He will take over the role from current Active Underwriter Patrick Gage as of 1 January 2019, the company said. Day currently serves as Head of Property, ... 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.
