Reinsurance News
Clients to take more control of products & distribution: W.R. Berkley CEO
1st August 2017
The concerning yet still attractive reinsurance marketplace is going through unprecedented change supported by the rise of InsurTech, and the future of the industry will see customers take more control over the evolution of both products and distribution, according to Robert Berkley, President and Chief Executive Officer (CEO) of W.R. ... Read the full article
ArgoGlobal names Dominic Kirby managing director of Argo Managing Agency
1st August 2017
ArgoGlobal has announced Dominic Kirby as newly appointment Managing Director of Argo Managing Agency, set to replace David Harris who is transitioning into a new role as Head of Performance. Argo Group Chief Executive Officer (CEO), Mark Watson, said; "Dom has been a valuable member of the Ariel Re underwriting leadership ... Read the full article
Marsh & McLennan Agency announces hire of new President and COO
1st August 2017
Marsh & McLennan Agency (MAA) has expanded its executive team with the appointment of Bill Jeatran to President and Christina Mott to Chief Operating Officer. Jeatran and Mott will be reporting to Chairman and CEO of MMA David Eslick. Jeatran succeeds Ben Allen who has left the firm; as President he'll develop the ... Read the full article
Neon hires two executives for financial and casualty lines
1st August 2017
Neon has appointed Charles Boorman to Head of Financial Lines and Ian West to Director of Major Client Relations for Casualty Lines as the firm consolidates expansion of its financial lines products and geographic offering. Boorman is an insurance industry veteran with 25 years experience, joining Neon from a role as ... Read the full article
Peak Re predicts normal typhoon season for China after fears of El Nino disperse
1st August 2017
Hong Kong based Peak Re, in collaboration with the Shanghai Typhoon Institute, has predicted a normal level of China's tropical cyclone activity for the second half of 2017 in its first seasonal forecast for China's typhoon risk after initial fears of an El Nino event forming dispersed. About half of the predicted ... Read the full article
Allianz and InsurTech start-up Flock announce pay-as-you fly drone cover
1st August 2017
Allianz and InsurTech start-up Flock have announced the soon to come launch of the UK's first pay-as-you fly drone insurance that can be tailored to each flight through the Flock app and provides up to £10 million liability cover. The pay-as-you-fly drone insurance is the first product to be launched by ... Read the full article
Argo Group hires former AIG Country Head to lead Europe and Asia operations
31st July 2017
Global specialty insurer and reinsurer, Argo Group International Holdings, Ltd., has announced the appointment of Matt Harris as the new head of its Europe and Asia operations, effective immediately. The new role will see Harris report to Argo's Head of International business, Jose A. Hernandez, and he brings more than 25 years of ... Read the full article
Pool Re CEO urges re/insurers to adapt to evolving terror threat
31st July 2017
The terrorism re/insurance model needs to evolve in line with changing threats after the 2017 attacks in the UK showed gaps in business interruption (BI) cover and the potential vulnerability of motor insurers to terror threats, Pool Re Chief Executive Officer (CEO), Julian Enoizi told Bloomberg in an interview. After this ... Read the full article
JLT Re names Ben Gray as new London & International Cyber Treaty partner
31st July 2017
JLT Re has named Ben Gray as a new Partner in the firm's London and International Markets (LIM) team, where his main focus will be on Cyber Treaty reinsurance. Gray brings extensive experience in the Cyber Treaty reinsurance brokerage space, joining from a position as Cyber Treaty broker with Ed, prior ... Read the full article
ILS market at “tipping point” as non-life property cat issuance smashes records: Willis
31st July 2017
Issuance of non-life property catastrophe insurance linked securities (ILS) smashed previous records by 30% at $6.3 billion in Q2, according to Willis Towers Watson Securities latest ILS Market Update, which heralded a positive "tipping point" from which ILS will grow into a larger share of global peak cat risk and ... Read the full article
Sompo Canopius hires Bruce Shepherd as credit and political risk analyst
31st July 2017
Sompo Canopius AG has appointed former QBE analyst Bruce Shepherd to credit and political risk analyst, set to lead credit analysis within the firm's credit, political and crisis division. Shepherd, an experienced credit analyst with a specialisation in complex, structured credit risk in industrialised and emerging markets, will be reporting to ... Read the full article
Dale receives Lloyd’s approval to set up a Special Purpose Arrangement
31st July 2017
Dale Underwriting Partners, managed by Asta, has received Lloyd's Franchise Board approval to set up a special purpose arrangement (SPA) to support the firm's contingency and specialty property business portfolio. Tom Phillipson will be joining Dale from Swiss Re in September to lead the SPA which is set to begin underwriting business ... Read the full article
Economy, insurance penetration, cyber to drive Asia reinsurance demand: Fitch
31st July 2017
The continuing and often accelerating expansion of Asian economies, as well as the growth of their domestic insurance markets, are anticipated to be the two key drivers of reinsurance demand in the Asian region, according to Fitch Ratings. Citing a "robust expansion" of Asian economies and their local insurance markets, Fitch ... Read the full article
THB names Rodrigo Botelho Director of its European division
31st July 2017
Specialist insurance and reinsurance brokerage, THB, has named Rodrigo Botelho Director of its European division, in a move designed to expand the firms reinsurance capabilties, effective October 1st, 2017. Botelho joins the firm from Universal Seguros in Angola and will be based in the firm's Amsterdam, Holland office. Prior to Universal Seguros he held ... Read the full article
Hiscox appoints Miranthis (PartnerRe), Huerlimann (Zurich), Goodwin (QBE) to Board
31st July 2017
Insurance and reinsurance group Hiscox has named three very senior industry leaders to the Board of Hiscox Ltd., adding significant global expertise. The new additions to the Hiscox Board are ex-PartnerRe CEO Costas Miranthis, ex-Zurich Global Corporate CEO Thomas Huerlimann and ex-QBE insurance Asia CEO Michael Goodwin. All three will join the ... Read the full article
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