Reinsurance News
SCOR announces P&C division reshuffle
6th September 2018
In alignment with its Vision in Action strategic plan SCOR Global Life has announced a new organisational structure with three new business areas: Reinsurance, P&C Partners and Specialty Insurance. The company says this move will support its ambitions for the future, as it looks to address the evolving needs of its ... Read the full article
Markel adds Jennifer Chang to Trade Credit and Political Risk team
6th September 2018
Markel Corporation has expanded its Trade Credit and Political Risk operations in New York with the appointment of Jennifer Chang as Underwriter and Senior Risk Analyst. Chang has nine years’ experience in the trade credit and insurance industry and has broad expertise in both commercial and risk underwriting, having most recently ... Read the full article
Praedicat adds former Zurich CUO & ex Director of Validus to its Board
6th September 2018
Praedicat, an InsurTech analytics company for property and casualty insurers and global industrial businesses, has appointed the retired Chief Underwriting Officer of Zurich North America, Mary Merkel, and former Director of Strategy for Validus Holdings, John Hendrickson, to its Board. “With Mary and John’s deep knowledge of insurance underwriting and strategy, ... Read the full article
Aon addresses global protection gap with launch of PPE specialty practice
5th September 2018
Aon’s Reinsurance Solutions business has announced the launch of its Public Private Enterprise (PPE) specialty practice, a move intended to address the global reinsurance protection gap by providing advice and solutions to entities, including governments. The PPE practice will be initially based in London with a focus on terrorism and natural ... Read the full article
Enstar’s Maiden Re acquisition to include reinsurance arrangement
5th September 2018
As part of its $307.5 million acquisition of Maiden Re North America, which was announced last week, Enstar Group Limited will enter into a reinsurance agreement with Maiden Re via Enstar’s subsidiary, Cavello Bay Reinsurance Limited. The transaction will see Cavello and Maiden Re enter into a novation agreement and ... Read the full article
Swiss Re Corporate Solutions appoints Codding as Global Head of Cyber & Tech
5th September 2018
Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurance firm, has appointed Sandy Codding as Global Head Cyber & Technology, effective immediately. Codding brings over 30 years’ experience to the company and in his new role will be responsible for overseeing cyber and technology underwriting guidelines, rating methodology, ... Read the full article
Life reinsurance underappreciated by market: J.P. Morgan
5th September 2018
Analysts at J.P. Morgan believe that the life reinsurance business is underappreciated by the market and, due partly to restriction of competition by high entry barriers, consider its long-term growth outlook to be strong. The majority of premium and profit in life reinsurance is generated by in-force portfolios, resulting in a ... Read the full article
Robus Group appoints Managing Director for Gibraltar
5th September 2018
Robus Group, an independent insurance management, fiduciary and financial advisory group has appointed Andy Matthews to lead its Gibraltar office as Managing Director (MD). Matthews was previously MD of a Gibraltar-based insurer and, prior to that, managed the business development for a global risk consulting company. “I’ve known of Robus since the ... Read the full article
New professional body launched by the LMA’s Joint Rig Committee
5th September 2018
The London Market Association’s Joint Rig Committee (JRC) is to launch The Society of Offshore Marine Warranty Surveyors (SOMWS), a non-profit professional body with a variety of objectives across the field, on September 18. SOMWS is to initially focus on upstream construction projects but will expand to include mobile offshore drilling ... Read the full article
PCS develops county level U.S property catastrophe loss estimates
5th September 2018
Property Claims Services (PCS), a Verisk Analytics business, has developed a new level of granularity for U.S property catastrophe insured loss data, offering county level industry loss estimates and claim counts for events with insured losses of at least US $1 billion. PCS said it has worked closely with insurers in ... Read the full article
Munich Re moves top in A.M. Best’s 2018 reinsurance rankings
5th September 2018
Munich Re has recovered the No. 1 position from Swiss Re in A.M. Best’s annual ranking of the Top 50 Global Reinsurance Groups, which also saw Warren Buffett’s Berkshire Hathaway climb two places to No. 3, pushing Hannover Rück SE and SCOR SE to the four and five spots respectively. Read the full article
THB appoints Matthew Gould as Senior Broker for aviation team
5th September 2018
Specialist re/insurance broker, THB, has appointed Matthew Gould as Senior Broker for its aviation team, effective immediately. He will report to Tom Thompson, THB’s Director of aviation. This announcement follows the new multi-sector UK strategy announced last week by Darren Nightingale, Chief Executive Officer of THB MET, which encompasses the Lloyd’s ... Read the full article
General Atlantic’s Verivox acquires digital broker unit of Getsafe InsurTech
5th September 2018
Verivox, the co-owned price comparison site of equity firm General Atlantic, has acquired the insurance broking unit of Getsafe, a German InsurTech start-up backed by Munich Re. Integrating Getsafe’s technology will allow over 8 million Verivox customers to manage all of their insurance policies on Getsafe’s web or mobile app, the ... Read the full article
SCOR announces senior life and operational appointments
5th September 2018
SCOR Global Life has appointed Brona Magee to the position of Deputy Chief Executive Officer; replacing Simon Pearson, who is due to retire. She currently serves as Head of Client Solutions at SGL and is a member of its Executive Leadership team. Effective September 5, Magee will be responsible for Global ... Read the full article
Capsicum Re partners with AIR Worldwide on silent cyber risk models
5th September 2018
Specialist reinsurance broker Capsicum Re has announced that it is collaborating with AIR Worldwide, the catastrophe risk modelling arm of Verisk Analytics, in order to enhance the re/insurance industry’s modelling of silent cyber incidents. As part of the arrangement, Capsicum Re has also adopted AIR’s cyber modelling and analytics platform, ARC, ... Read the full article
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