Reinsurance News
Aon names John English CEO of Aon Captive & Insurance Management
17th May 2018
Insurance and reinsurance broker Aon has announced the appointment of John English as Chief Executive Officer (CEO), Aon Captive & Insurance Management, effective June 1st, 2018. Currently Chief Operating Officer (COO) of Aon Captive & Insurance Management & Managing Director of Aon Captive & Insurance Management EMEA, English has been with ... Read the full article
RMS hires Moe Khosravy to lead Software and Platform team
17th May 2018
RMS, the risk modelling and analytics company, has appointed Moe Khosravy as General Manager of Software and Platform. He will now be responsible for overseeing all software and platform technology at RMS, including RMS(one), the exposure and risk analytics platform developed for the re/insurance industry. Khosravy brings 20 years of software innovation ... Read the full article
Fidelis invests in new mortgage indemnity MGA, Aware Specialty
17th May 2018
Fidelis Insurance has taken an equity stake in a newly incorporated managing general agent (MGA), Aware Specialty Limited, which focuses on mortgage indemnity insurance. Aware will be managed through Pine Walk Capital Limited, Fidelis’ subsidiary MGA platform, and will provide Fidelis with mortgage indemnity insurance capacity in return for underwriting support. Giles ... Read the full article
Toa Re targets portfolio development with launch of Toa Re Europe
17th May 2018
The launch of a new European reinsurance underwriting platform, set to be based in Zurich, Switzerland, has today been announced by The Toa Reinsurance Company Ltd. (Toa Re). Toa Re has decided to activate its wholly owned subsidiary Toa 21st Century Reinsurance Company Ltd. (TTFC), domiciled in Switzerland since 2002 and ... Read the full article
Chairman of The Hanover Insurance Michael Angelini announces retirement
17th May 2018
After more than 30 years of service to The Hanover Insurance Group’s (THG) board of directors longtime Chairman Michael P. Angelini has announced his retirement, effective May 16th, 2018. The governance guidelines of THG prohibit the continuation of directors beyond the age of 75. Having joined Hanover’s board in 1995 Angelini ... Read the full article
P&C surplus continued to grow in 2017 despite drop in net income
17th May 2018
Industry surplus grew $51.7 billion to an all-time high of $752.5 billion for U.S Property and Casualty (P&C) re/insurers in 2017 despite a 15.8% drop in net income, according to ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI). Net investment income, which increased from $46.6 billion ... Read the full article
Tokio Marine Kiln’s syndicate losses continue at latest forecast
17th May 2018
Tokio Marine Kiln (TMK) has released the results for its three non-aligned Lloyd’s of London Syndicates and updated its 2017 year of account forecasts, revealing that losses are expected to continue in response to the costly catastrophe events experienced in late 2017. TMK’s Syndicates 510 and 557 both showed slight improvements ... Read the full article
SCOR restructures Business Solutions unit to enhance client focus
16th May 2018
SCOR has restructured its large corporate risks insurance unit, SCOR Business Solutions, to align with its current strategic plan, ‘Vision in Action’, which aims to increase the firm’s client centricity. The new organisational structure promotes greater business leadership and client and broker relationship management at a local level, offering global Line ... Read the full article
Insurability of GDPR risks is limited, report Aon and DLA Piper
16th May 2018
Aon and global law firm DLA Piper have reviewed the insurability of risks related to the European Union’s (EU) General Data Protection Regulation (GDPR), finding that fines would typically not be insurable, although associated legal costs could be covered. The GDPR, which will become effective from 25 May 2018, can fine ... Read the full article
Ironshore names Lainie Dorneker as President of IronHealth
16th May 2018
Ironshore has appointed Lainie R. Dorneker as President of IronHealth, the company’s healthcare professional liability unit. She succeeds outgoing IronHealth President Matthew Dolan, who was recently named President of Ironshore U.S Operations. Dorneker joined Ironshore in 2009, and most recently served the company as Chief Operating Officer (COO) of IronHealth, where she ... Read the full article
XL Catlin develops new solutions for autonomous technology industry
16th May 2018
XL Catlin has developed a new insurance solution that supports the design, development, testing, and implementation of autonomous technologies, and has established a new Global Autonomy Centre of Excellence. Available globally, the new solution aims to provide cover for all sectors of the autonomous technology industry, and can be tailored to ... Read the full article
Boston Mutual Life secures experienced new Vice President of Underwriting
16th May 2018
The National Insurance Solutions Provider Boston Mutual Life has announced the appointment of Robert “Bob” Dignazio as Vice President of Underwriting, in a move that brings over thirty years of management experience to their underwriting department. Mr. Dignazio’s extensive knowledge of underwriting, sales and management is expected to support the partnership between ... Read the full article
Rates won’t strengthen further, but equally won’t go backwards: Lancashire CEO
16th May 2018
Group Chief Executive Officer (CEO) of Lancashire Holdings Limited, Alex Maloney, doesn't expect rates for the firm's book to get any stronger from here unless loss activity picks up, but also doesn't see rates going backwards. Lancashire Holdings has now reported its first-quarter 2018 results, reporting minimal loss activity and positive ... Read the full article
One third of brokers lack understanding of cyber risks: DAS UK Group
16th May 2018
Although a majority of UK brokers consider cyber to be an important and rapidly expanding market, 31% also admit that they possess ‘poor’ or ‘very poor’ understanding of cyber risks and cyber insurance, according to a survey by DAS UK Group and HSB Engineering Insurance. DAS and HSB considered these results ... Read the full article
Baldwin & Lyons adds David Michelson to Board of Directors
16th May 2018
Baldwin & Lyons, a specialty property and casualty holding company, has appointed David W. Michelson to its Board of Directors. Michelson, who will also become a member of the company’s Audit Committee, has spent the previous 26 years at National Interstate Corporation, where he most recently served as a Senior Advisor. Until ... 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.
