Reinsurance News
US commercial insurance prices increase during the Q1 2019
11th June 2019
US commercial insurance prices have increased in the first quarter of 2019, according to global re/insurance brokerage Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was close to 2% for all four quarters of 2018, and came in just above 2% in ... Read the full article
Beazley to reinsure Trident’s surety offering
11th June 2019
Trident Insurance Group, Inc. has announced the signing of a reinsurance treaty with specialist insurer Beazley, which Trident says enables it to improve its competitive advantage in the expanding standard and specialty surety insurance sector. This new, strategic partnership enables Trident, a Maryland domiciled specialist surety insurer, to expand its current ... Read the full article
Moody’s expecting stronger reinsurance sector profitability in 2019
11th June 2019
Analysts at Moody’s Investor Services are anticipating stronger reinsurance sector profitability in 2019, supported by significantly higher pricing in the property catastrophe market. The firm believes that reinsurers are entering the 2019 hurricane season with solid capital positions and should be able to comfortably withstand any potential losses arising from hurricanes. Reinsurance ... Read the full article
Iprism adds Manuela Roncalli as Finance Director
11th June 2019
Technology-driven specialist wholesale underwriting agency Iprism has announced the appointment of Manuela Roncalli as Finance Director, effective immediately. Roncalli brings more than 20 years of experience and will be responsible for its finance, risk & compliance and HR functions. She previously served as commercial finance director and business partner at Mitie Group ... Read the full article
North P&I Club makes key leadership changes
11th June 2019
North P&I Club, the UK-based marine mutual liability re/insurer, has announced a series of changes effective June 1 to its Senior Leadership Team as part of their ongoing succession planning and strategic development. Savraj Mehta, who joined in 1995, takes on the new role of Chief Commercial Officer, signaling an enhanced ... Read the full article
Charles Taylor InsureTech opens Dubai office
11th June 2019
Charles Taylor InsureTech has announced the opening of a new office in Dubai, as the company looks to build on its growth and success across Europe and Latin America. The new Dubai office has been launched to take advantage of increasing demand for technology-related business transformation programmes in the Dubai insurance ... Read the full article
Everest partnership expands marine workers’ comp
11th June 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re, has partnered with All Risks in an effort to expand its marine industry workers’ compensation capabilities. Through this program, brokers will have access to workers’ compensation, United States Longshore & Harbor Workers (USL&H) and marine employers liability (MEL) on one policy in ... Read the full article
Aon Securities builds capital markets talent with two key appointments
11th June 2019
Aon Securities, the investment banking division of leading global professional services firm Aon plc has announced the appointment of Michael Popkin and Rick Miller. Popkin spent nearly eight years co-leading the capital markets businesses at JLT and Towers Watson, where he and Miller pioneered the development of private placement catastrophe bonds. Previously, ... Read the full article
Barbican adds Clive Archer as Head of international casualty treaty reinsurance
11th June 2019
Barbican Insurance Group, which underwriters re/insurance predominantly through its Lloyd's platform, has announced the appointment of Clive Archer as Head of international casualty treaty reinsurance, with immediate effect. Archer joins with over 30 years’ experience and will be reporting to Simon Saunders, Head of reinsurance. He will be responsible for coordinating all ... Read the full article
Brokerslink adds Tiago Mora as Regional Manager, Middle East & Africa
11th June 2019
Global broking business Brokerslink has appointed Tiago Mora to the role of Regional Manager for Middle East and Africa. Mora is MDS Re Director and has been with the group for 12 years. He has spent a number of those years developing the Group’s operations in Africa and running the Angolan ... Read the full article
Urgent need to modernise is the greatest threat to global insurers: PwC
11th June 2019
A poll of more than 900 insurance industry experts reveals that the very urgent need for business and technology modernisation is the greatest threat to the global insurance sector. A survey and accompanying report from The Centre for the Study ... Read the full article
QBE North America names Kris Hill as President for Alternative Markets
11th June 2019
QBE North America has announced its Chief Financial Officer (CFO), Kris Hill, is to immediately move into a new role as President, Alternative Markets. Hill, who joined QBE in January 2017, will remain a member of the QBE North America Executive Committee following the appointment, reporting to Chief Executive Officer (CEO) ... Read the full article
New tech enables L&H re/insurers to improve risk selection: Tony Laudato, Hannover Re
10th June 2019
The growing influence of advanced technology is enabling life and health insurers and reinsurers to improve the efficiency and robustness of the risk selection process, according to Tony Laudato, a Vice President (VP) at reinsurance giant Hannover Re. The rise of technology and its increased focus on the risk transfer industry ... Read the full article
Everest Insurance expands Retail Excess Casualty team with two new hires
10th June 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re, has announced the addition of two new members to its growing Retail Excess Casualty team. Firstly, Erin Bouren has been appointed to lead the team’s Western Territory as Vice President, based in the Everest Insurance San Francisco office. She joins the company from ... Read the full article
Berkshire BHSI opens Paris office, appoints François-Xavier d’Huart to lead
10th June 2019
Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, in coordination with its affiliate has received its insurance license in France, established a new office in Paris, and appointed François-Xavier d’Huart as Country Manager. Beginning immediately, BHSI is underwriting property, casualty, and executive & ... Read the full article
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