Reinsurance News
JLT Re hires Michel Fontaine from Guy Carpenter
7th September 2018
JLT Re, the reinsurance broking arm of global brokerage JLT Group, has hired Michel Fontaine, former Senior Reinsurance Broker at Guy Carpenter, as a Partner in its Paris Office. Fontaine has nearly 20 years of re/insurance market experience, having also previously held a number of senior positions Swiss Re, and started ... Read the full article
R&Q announces corporate restructure, establishes newly named unit, Accredited
7th September 2018
R&Q Investment Holdings Ltd. has announced a corporate restructuring to establish a newly named unit, Accredited, which comprises its U.S. and European program management business. At the same time, this restructuring is a renaming of R&Q’s Malta-based insurance platform, R&Q Insurance (Malta) Limited, to Accredited Insurance (Europe) Limited, effective immediately. Todd Campbell will jointly ... Read the full article
Aon’s reinsurance business announces new hire & series of UK leadership changes
7th September 2018
Global re/insurance broker Aon has announced a series of role changes within its London-based UK leadership team as well as the hiring of Peter Stubbings as a replacement for outgoing Chief Executive Officer of Global ReSpecialty, Bob Bisset. Bisset will become UK Growth Leader, overseeing Aon’s nine UK business divisions. He ... Read the full article
Nexus completes acquisition of Huntington Underwriting
7th September 2018
Specialty managing general agent (MGA) Nexus Group has completed its acquisition of Huntington Underwriting Limited (HUL), a structured solutions underwriting manager and associate of the Singapore headquartered services group Huntington Group Pte Ltd. HUL has operated out of Labuan International Business and Financial Centre, Malaysia since 2014, and is licensed by ... Read the full article
Gallagher promotes Steve Kluting within Food & Agribusiness Practice Group
7th September 2018
Gallagher has announced that it has promoted Steve Kluting to national director of product recall, within its Food & Agribusiness Practice Group. Kluting joined Gallagher in 2014, and has 18 years of experience as a "food lawyer", says Gallagher. He helps the firm's food, beverage and restaurant clients prepare for food ... Read the full article
Occam adds Alan Punter to Board as Non-Exec Director
7th September 2018
Specialty Lloyd’s of London managing general agent (MGA), Occam Underwriting, has added Dr Alan Punter to its Board as a Non-Executive Director. Punter worked for 25 years in global insurance broking groups Sedgwick, Alexander & Alexander and then Aon, where he was Managing Director in the Chairman's Office, and Chief Executive ... Read the full article
Results of our reinsurance market survey now available to view
6th September 2018
We've teamed up with our sister-site Artemis, the longest running publication focused on insurance-linked securities (ILS), to conduct a survey aimed at taking the temperature of the global reinsurance market. Hundreds of responses from identifiable participants were received, including numerous reinsurance market Chief Executive Officers and ... Read the full article
H1 natural catastrophes will have “limited impact” on reinsurers: S&P
6th September 2018
Losses relating to natural catastrophe events that have occurred thus far in 2018 are likely to have only a “limited impact” on reinsurers, with primary insurers and the U.S National Flood Insurance Program (NFIP) expected to bear the majority of the costs, according to a recent report by S&P Global ... Read the full article
IDF appoints Ekhosuehi Iyahen as its first Secretary General
6th September 2018
The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, has appointed Ekhosuehi Iyahen as its first Secretary General, effective 1 October 2018. The organisation says Iyahen will be a visible and central point of contact for the IDF, establishing and ... Read the full article
Sompo launches global financial and professional lines platform SomPro
6th September 2018
Bermuda-based specialty re/insurer Sompo International Holdings has announced the launch of SomPro, a global financial and professional lines platform that will deliver underwriting, risk management and claims services by sharing product expertise and distribution relationships across its specialty teams. The company says SomPro will offer more than 30 different financial and ... Read the full article
Liberty Specialty appoints General Manager of Insurance for Germany
6th September 2018
Liberty Specialty Markets (LSM), the London-headquartered unit of Liberty Mutual Insurance Group, has announced the appointment of Ronan Gerety as General Manager of Insurance, Germany. Gerety brings over 30 years’ experience to the Cologne-based role and joins from from Ironshore International, where he was Head of Continental European distribution since 2016. “Our ... Read the full article
Re/insurance industry benefits from slower pace of regulatory change: S&P
6th September 2018
The re/insurance industry is benefitting from a slow, deliberate pace of regulatory change as jurisdictions around the globe increasingly push for more stringent rules and requirements, according to S&P Global Ratings. S&P compared the regulatory changes of the global re/insurance sector, which appear to be gaining momentum, to regulation in the ... Read the full article
St. Maarten joins Caribbean Catastrophe Risk Insurance Facility
6th September 2018
St. Maarten has become the 20th country to join the Caribbean Catastrophe Risk Insurance Facility (CCRIF) SPC, purchasing coverage for tropical cyclones, earthquakes and excess rainfall. The island nation joined the Facility on September 1 as a late entrant this policy year, which began on June 1, following the British Virgin ... Read the full article
Large, global MGU Bluefin rebrands as Victor Insurance
6th September 2018
UK domiciled managing general underwriter (MGU), Bluefin Underwriting, has announced that it has rebranded as Victor Insurance, following the global unification and rebrand of Schinnerer Group to Victor Insurance, announced earlier in 2018. According to an announcement on the rebranding, Victor Insurance is the largest MGU in the world, and ... Read the full article
JLT Re hires Aon’s Vijay Mavani as Partner for Capital Solutions
6th September 2018
Reinsurance broker JLT Re has announced that Aon Benfield’s Vijay Mavani will be joining the firm as a Partner for its European and Global Capital Solutions business, starting in early 2019. Mavani has spent the previous 17 years at Aon Benfield, where he most recently served as Corporate Solutions Director. He ... Read the full article
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