Reinsurance News
Artex Capital acquires Bermuda-based Frontier Financial Services
13th September 2023
Artex Capital Solutions, a division of Artex Risk Solutions, Gallagher's wholly-owned subsidiary, has acquired Bermuda-based Frontier Financial Services Limited. Frontier is a management firm that specialises in consulting, recruitment, business services and immigration services predominantly to reinsurance clients in Bermuda. Kathleen Faries, CEO, Artex Capital Solutions, commented on the acquisition, “Artex and ... Read the full article
Mosaic expands Canadian presence with expert underwriting team across five key specialties
13th September 2023
Mosaic Insurance continues its rapid growth in the Canadian specialty insurance market, solidifying its presence by assembling a team of seasoned underwriting specialists across five crucial product lines. Since establishing its Toronto office in July of last year, the global firm has extended its reach coast to coast, offering innovative solutions ... Read the full article
Westfield Specialty names Joseph England as CUO, international division
13th September 2023
In a strategic move aimed at bolstering its presence in the international specialty market, Westfield Specialty has announced the appointment of Joseph England as Chief Underwriting Officer (CUO) for its international division. England brings with him over three decades of invaluable experience in specialty underwriting and management. Reporting directly to Graham ... Read the full article
AXIS appoints Wu Head of Distribution – Specialty Markets, North America
13th September 2023
AXIS Capital Holdings has announced that Edmond Wu has joined as Head of Distribution – Specialty Markets, North America. According to AXIS, Wu holds extensive specialist knowledge and experience which includes executive positions with both brokers and carriers. He most recently served as Head of Global Specialty Sales and Distribution at The ... Read the full article
Guy Carpenter & Marsh McLennan report debunks cyber-stock market correlation fears for ILS investors
13th September 2023
In a collaborative effort, Guy Carpenter and Marsh McLennan's Cyber Risk Intelligence Center have released a comprehensive report addressing concerns by insurance-linked securities (ILS) investors regarding the potential correlation between major cyber events and the performance of the stock market. Titled "Double Whammy? Examining the Correlation Between Major Cyber Events and ... Read the full article
Assurex Global appoints Jamie Gregory as SVP, P&C Carrier Strategies
13th September 2023
Commercial insurance, risk management and employee benefits brokerage group, Assurex Global, has announced the appointment of Jamie Gregory as Senior Vice President, P&C Carrier Strategies. Gregory’s remit includes leading the company’s P&C carrier development and engagement strategy. He will also explore new carrier relationships alongside the property/casualty team at Assurex Global, and contribute ... Read the full article
AgriSompo appoints Mondale Smith as SVP and International Operations Deputy
13th September 2023
Property and casualty re/insurer Sompo International has announced the appointment of Mondale Smith as AgriSompo’s Senior Vice President and International Operations Deputy. AgriSompo is the company’s multinational crop insurance platform. Smith will report to Marji Guyler-Alaniz, President of AgriSompo International. In this newly created role, Smith’s remit will include oversight of AgriSompo’s day-to-day ... Read the full article
RT Specialty names Jim Mitchell as President, national workers’ comp practice
13th September 2023
Ryan Specialty’s wholesale distribution specialty, RT Specialty, has announced the promotion of Jim Mitchell to President of its national workers’ compensation practice. The appointment is effective immediately. Mitchell has been with RT Specialty since 2020, joining with the acquisition of All Risks, Ltd. He has experience in leadership in designing proprietary workers’ ... Read the full article
AXA XL names Odette Novoa Underwriting Manager, Fine Arts & Specie
13th September 2023
AXA XL has appointed Odette Novoa as Underwriting Manager, Fine Arts & Specie for the US Central Region. For the new role, Novoa is charged with managing all aspects of the underwriting operations within the central region. This includes portfolio profitability, account pricing, portfolio rate change, renewal retention, marketing, new business production, ... Read the full article
Lockton Re launches global mortgage and structured credit segment
13th September 2023
Global reinsurance broker Lockton Re has announced the launch of its Global Mortgage and Structured Credit segment, which will be co-led by Sean Hannah and Joe Koebele. Nick Durant, CEO, North America, Lockton Re, commented on the new segment, “We are excited to introduce our Mortgage and Credit offering to the ... Read the full article
Non-cat space really attractive for Conduit Re: CEO Carvey
12th September 2023
Bermuda-based reinsurer Conduit Re has deployed more capital into non-cat classes of business and continues to explore opportunities in increasingly attractive areas, Chief Executive Officer (CEO) Trevor Carvey told Reinsurance News in Monte Carlo. As the reinsurance industry meets in Monaco for the 2023 edition of the annual Rendez-Vous De Septembre, ... Read the full article
BMS Group acquires Smith & Reid Insurance Brokers & O’Neil Insurance
12th September 2023
BMS Group has acquired Canada-domiciled insurance brokers, Smith & Reid Insurance Brokers Ltd and O’Neil Insurance. Led by President Jeff Smith and Vice-President Dan Reid, Smith & Reid Insurance Brokers provides expertise in specialised lines of business, including construction, real estate portfolios, oil and petrol distribution and auto dealerships. The two executives will ... Read the full article
Envelop Risk launches Cyber Partnership Platforms
12th September 2023
Envelop Risk, the data-driven cyber (re)insurance and analytics specialist, has launched its Cyber Partnership Platforms - a programme for cedents wishing to either enter the cyber risk market or expand their existing participation. Envelop explained the initiative is designed to enable cedents to "grasp the opportunity cyber presents in a controlled, ... Read the full article
Demonstrating value of insurance products, a main driver of the protection gap: AM Best
12th September 2023
With re/insurers facing a growing protection gap, they are struggling to demonstrate the value of their products as well as to price them in a way they can provide suitable returns, according to Greg Carter, Managing Director, Analytics EMEA & Asia Pacific at AM Best. Speaking at the AM Best briefing ... Read the full article
BlackRock’s Aladdin technology: Touching all aspects of an evolving investment ecosystem
12th September 2023
Unifying the investment management process on BlackRock’s technology platform, Aladdin promotes the creation of a surface for data to flow, enabling integration and data consistency for clients, according to David Schneid, General Manager of Aladdin Accounting. The platform combines sophisticated risk analytics with comprehensive portfolio management, trading, operations, ... Read the full article