Reinsurance News
Aon names Daniel Rees Director of US Flood Model Development
11th April 2023
Global professional services firm Aon has announced the appointment of Daniel Rees as Director of US Flood Model Development. Rees joins from Verisk, where he has spent the previous five years serving as a Senior Scientist. In this role, he has helped to integrate AIR Worldwide’s US Hurricane and US Inland Flood ... Read the full article
Gallagher appoints Ralph Sherbahn Head of Financial Lines for Asia
11th April 2023
Gallagher has appointed Ralph Sherbahn as Head of Financial Lines for Asia, where he will be based in Hong Kong and report to the CEO of North Asia, Thomas Wang. In the new role, Sherbahn is tasked with overseeing Gallagher’s financial lines operations in Asia with existing capabilities in Singapore and ... Read the full article
Amwins adds Tisha Baptist as new underwriter for TUMI
11th April 2023
Amwins, a global distributor of specialty insurance products and services, has announced the addition of Tisha L. Baptist to Trinity Underwriting Managers (TUMI), part of Amwins Underwriting. In her new role, Baptist will focus on renewal underwriting for TUMI’s towing, sand and gravel programs, helping build relationships in the Midwest and ... Read the full article
Arch Insurance acquires insurtech Thimble
11th April 2023
Arch Insurance has expanded its suite of digital solutions with the acquisition of Thimble, an insurtech platform for small business customers and agents. Since May 2018, Thimble has delivered more than 170,000 policies to small businesses across the United States, and works with a variety of carriers including Markel and Employers. Following ... Read the full article
US property rates climb as insurers face “serious cost pressures”: RPS
11th April 2023
Analysts at Risk Placement Services (RPS) have cited how the US property market currently finds itself in turbulent times, due to a combination of internal and external factors affecting market dynamics, adding to pressures that are being felt by all aspects of the insurance value chain. Chief among these is a ... Read the full article
Miller names McDonough Head of Professional and Financial Risks
11th April 2023
Independent specialist re/insurance broker, Miller has announced the appointment of Laura McDonough as Head of Professional and Financial Risks, a London based role. In her new role, McDonough will focus on growing the company’s Professional and Financial Risks offering and developing innovative solutions for our clients globally. Miller’s new hire brings with ... Read the full article
Swiss Re appoints Franzetti to Head of Global Claims P&C Reinsurance
11th April 2023
Reinsurance giant Swiss Re has appointed Dana Franzetti as Head of Global Claims property & casualty (P&C) Reinsurance. Based in Schaumburg, Illinois, Franzetti joined Swiss Re in 2016 and was appointed to the role of Claims Manager, VP, P&C Business Management. She served in this role for four years until she ... Read the full article
Munich Re Specialty expands its E&S Lawyers Professional Liability solution
11th April 2023
Munich Re Specialty Insurance (MRSI) has expanded its E&S Lawyers Professional Liability (LPL) solution to include primary and excess coverage for firms with 11 or more attorneys, as well as firms with an Intellectual Property practice. Marcia Blanco, Head of Financial Lines, Excess & Surplus Underwriting, MRSI, commented, “More than half ... Read the full article
SRCC risks elevated globally with claims rivalling nat cats in some parts: Howden
11th April 2023
Risks related to strikes, riots and civil commotion (SRCC) have become elevated in advanced and emerging economies, with insured losses from these events in certain hot spots now comparable to major natural catastrophes, according to insurance and reinsurance broker Howden. Growing discontent across the globe linked to inequality, the cost of ... Read the full article
Henningsen named CEO of Lockton’s Texas P&C business
11th April 2023
Global insurance broker Lockton has announced that Jeff Henningsen will serve as Chief Executive Officer (CEO) of its Texas P&C business. Henningsen holds almost three decades of industry experience, having spent 21 of those years with Lockton. The broker describes him as a recognised leader in serving the complex insurance needs of ... Read the full article
Oceanview Re appoints Timothy Gasaatura as Chief Actuary
11th April 2023
Oceanview Reinsurance Ltd., a wholly-owned reinsurance subsidiary of Oceanview Holdings Ltd., has appointed Timothy Gasaatura to the role of Chief Actuary. With a background in valuation, capital management, and risk mitigation across both life and general insurance sectors, Gasaatura brings close to two decades of industry experience to his new role. He ... Read the full article
Brown & Brown names Michael Vaughan chief data officer
11th April 2023
Insurance brokerage firm Brown & Brown has appointed Michael Vaughan as chief data officer. Vaughan is adept in the data field, having most recently served as a senior vice president in the analytics data platform delivery and data strategy and architecture divisions of Truist. He holds a Bachelor of Science from Appalachian ... Read the full article
HCI launching Tailrow as Florida homeowners insurance startup
11th April 2023
Insurance focused holding company HCI Group, Inc. is looking to establish a new Florida domestic homeowners insurer, named Tailrow Insurance Company, Reinsurance News has learned. HCI Group already owns Florida licensed insurer Homeowners Choice, insurtech property and flood insurance specialist TypTap, and reinsurance focused unit Claddaugh. Tailrow Insurance Company is expected to ... Read the full article
Ardonagh acquires Netherlands insurance firm Klap from Nedvest
11th April 2023
The Ardonagh Group has agreed to acquire Klap Verzekeringsmakelaar, a Netherlands-based specialist commercial lines insurance broker. Founded in 1854, Klap advises SME companies on employee benefits, insurance, and pensions, distributing over €100m of GWP annually. Under the leadership of Jorg Roodbeen, Klap CEO, and with support from Tim Kreté, partner at Nedvest, ... Read the full article
Nexus Underwriting drives Middle East footprint with Spectrum acquisition
11th April 2023
Nexus Underwriting, an independent specialty MGA, has announced that it has completed its acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that primarily focuses on Marine and Property insurance and reinsurance. This marks Nexus’ 16th acquisition since the company formed in 2008, and the ... Read the full article