Reinsurance News
Lucien Mounier to head Beazley’s Asia Pacific operations
11th April 2018
Beazley has announced the appointment of Lucien Mounier as Head of its Asia Pacific operations, a region the specialist insurer has identified significant growth opportunities for its products. The appointment sees Mounier move from Paris to be based in the firm's Asia Pacific hub in Singapore, and he will have responsibility for ... Read the full article
Gen Re partners with tech company PAI Health to reduce risk
11th April 2018
Gen Re is to collaborate with PAI Health, a technology company that uses algorithms to optimise health, to develop re/insurance solutions for life and health clients in the global market. Gen Re hopes to use the company’s PAI (Personal Activity Intelligence) to drive its customer engagement and reduce the risk of ... Read the full article
Risk settlement market remains promising in 2018: Aon
11th April 2018
Aon has reported that the risk settlement market presents many attractive opportunities for re/insurers in 2018, with the strong pricing seen in 2017 expected to continue throughout the coming year. The projection was part of Aon’s ‘Risk Settlement Market 2018’ report, which analysed 2017’s market trends and generated predictions for the ... Read the full article
QBE Insurance Group reshapes senior management team
11th April 2018
QBE Insurance Group Limited has announced a major reshaping of their senior management team as Inder Singh succeeds Michael Ford as Chief Financial Officer (CFO), Peter Grewals is appointed as Chief Risk Officer (CRO), Liam Buckley as Head of Culture and Talent, Matt Mansour as Chief Information Officer, and Anders ... Read the full article
Christos Adamantiadis joins Marsh as CEO of combined Middle East & Africa region
11th April 2018
Global insurance and reinsurance broker Marsh has announced the appointment of Christos Adamantiadis as Chief Executive Officer (CEO) of a newly combined Middle East and Africa region, effective May 1st, 2018. In his new role, Adamantiadis will be based in Dubai and report to Flavio Piccolomini, President of Marsh International. The position will see ... Read the full article
Property capacity remained strong at April 1st renewals: Willis Re
11th April 2018
Broker Willis Re has reported that capacity for the property sector remained strong, both in the U.S and globally, despite April 1st renewal price increases being lower than anticipated. In its latest reinsurance renewals report, Willis Re found that April 1st renewal price increases were tempered by weak increases at January ... Read the full article
Heritage names Tim Johns as President & CEO of Zephyr Insurance
11th April 2018
Heritage Insurance Holdings, a property and casualty (P&C) re/insurance holding company, has named Tim Johns as the next President and Chief Executive Officer (CEO) of Zephyr Insurance Company. Johns will succeed Richard Toyama as head of Zephyr, which is a provider of residential hurricane re/insurance coverage in Hawaii. Johns is already familiar ... Read the full article
P&C business drives price increases for European reinsurers: RBC
10th April 2018
RBC Capital Markets has reported that, after several years of decline, 2018 pricing for European reinsurers is on the rise, with companies getting back to near term earnings growth, largely driven by Property and Casualty (P&C) business. RBC found that P&C reinsurance drove earnings growth as better-priced premium earned its way ... Read the full article
AXA to remodel Swiss group life business as semi-autonomous
10th April 2018
AXA Switzerland, the largest re/insurer of small-to-medium enterprises (SMEs) in the Swiss market, has announced plans to convert the business model of its main occupational benefits foundations from a full-value insurance model to a semi-autonomous model. From 2019, the foundations will be responsible for asset allocation and investment returns to policyholders, ... Read the full article
Jonathan Bines joins AFL Insurance Brokers from JLT as Chief Commercial Officer
10th April 2018
Independent Lloyd's of London broker, AFL Insurance Brokers Ltd, recently announced the appointment of Jonathan Bines as Chief Commercial Officer (CCO). Bines was formerly with insurance and reinsurance broker JLT as a Senior Partner, Specialty Property & Casualty, after joining the firm in 2005 from Marsh, where he started his insurance ... Read the full article
U.S. still dominates but Europe is a rapidly expanding InsurTech hub: Report
10th April 2018
Europe has emerged as the fastest growing InsurTech hub with the number of deals in 2017 increasing by 118%, accounting for one-third of all InsurTech deals globally, according to analysis by Accenture. The total value of deals in Europe nearly quadrupled in 2017, jumping by 385% to US $679 million, demonstrating ... Read the full article
Beazley expands European presence with new Head of Broker Relations
10th April 2018
Specialist re/insurer Beazley has supported its growth ambitions in Continental Europe with the appointment of Andreas Bergler to the newly created position of Head of Broker Relations for the region. Bergler will now be responsible for developing Beazley’s pan-European broker relationship network and managing its distribution strategy. He will report to Will ... Read the full article
Beecher Carlson appoints Siech as CEO and Davis as COO
10th April 2018
Beecher Carlson Insurance Services, LLC, a re/insurance broker and wholly owned subsidiary of Brown & Brown, Inc., has promoted Joseph Siech to Chief Executive Officer (CEO) and B. Scott Davis to Chief Operating Officer (COO). Siech will succeed Steve Denton as CEO, and will be responsible for supporting the implementation of ... Read the full article
TransRe promotes Geary to head of Cyber Liability team
10th April 2018
TransRe has announced that Elizabeth Geary has been appointed leader of its global Cyber Liability team, replacing recently departed cyber risk head Kara Owens. In her new role, Geary will oversee TransRe’s existing cyber business, and manage all risk analytics relating to cyber exposures. She will also support the development of new ... Read the full article
Neon continues to expand offering with contingency underwriter hire
10th April 2018
Neon Underwriting has appointed Jeremy Cooke as contingency underwriter, taking responsibility for building the firm's name in the event cancellation market. Neon explains that as it continues to develop a refreshed proposition and portfolio offering, the arrival of Cooke shows continued progress and will help the firm grow in a market ... Read the full article
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