Reinsurance News
Grenville joins Antares Syndicate 1274 as A&H Class underwriter
28th March 2023
QIC subsidiary Antares Managing Agency has announced the appointment of Oden Grenville as Antares Syndicate 1274’s Accident and Health Class underwriter. Bringing more than 15 years’ of experience to his new role, Grenville is to start his tenure at Antares in April 2023, and will report to Martin Campbell, Head of ... Read the full article
Miller names Bonifasius Dipati Risk Engineer in its Singapore Energy team
28th March 2023
Specialist re/insurance broker Miller has appointed Bonifasius Dipati as a Risk Engineer in its Singapore Energy team. Dipati, who is set to join Miller on April 3rd, is tasked with supporting the firm's clients with risk management advice and complex claims support. He will act as a technical interface between clients and ... Read the full article
Insurers’ assured RT1’s won’t be treated as Credit Suisse’s AT1 notes: Fitch
28th March 2023
Analysts at Fitch Ratings have assured EU and UK insurers that Credit Suisse’s Additional Tier 1 (AT1) notes full write down by Swiss authorities - without imposing full losses on the bank’s equity - does not imply that the countries’ authorities will treat their Restricted Tier 1 (RT1) instruments the ... Read the full article
CRE risk “not a major concern” for European re/insurance sector: J.P. Morgan
28th March 2023
Commercial real estate asset risk is "not a major concern" for the European re/insurance sector, suggest analysts at J.P. Morgan. Amid increasing investor interest around asset risks, J.P. Morgan has compiled data on European re/insurers' exposure to commercial real estate (CRE) asset risk. The firm's analysts first note that CRE has a ... Read the full article
Sapiens and WTW collaborate on pricing solution
28th March 2023
Global advisory, broking, and solutions company WTW and Sapiens, a global provider of software solutions for the insurance industry, have announced a collaboration aimed to enhance real-time pricing and speed to market for insurers. Sapiens will join WTW’s Insurance Technology Partner Network and together will deliver an integrated solution comprising Radar ... Read the full article
US economic ‘hard landing’ is unavoidable: Swiss Re
27th March 2023
Analysts at Swiss Re have warned that the magnitude of the Federal Reserve’s monetary tightening measures and a weakening consumer backdrop means that a ‘hard landing’ for the US economy is now “unavoidable”. They note that the Fed's March FOMC meeting suggests that a challenging macro environment, now complicated by recent ... Read the full article
Echo Re adds Garcia and Krenboeck to LatAm & Caribbean underwriting team
27th March 2023
Swiss-based reinsurer Echo Re has announced it is expanding its Latin America & Caribbean underwriting footprint with the appointment of Bruno Krenboeck and Ariadna Garcia. Based in Zurich, Switzerland, they will both support the further development of Echo Re’s portfolio together with Hugo Cardona acting as Regional Advisor. Commenting on the appointments ... Read the full article
Everest Insurance appoints Chaves to lead operations in Mexico
27th March 2023
Everest Insurance, the insurance division of Everest Re Group, has appointed Jaime Chaves to lead its insurance operations in Mexico, pending regulatory approval. In the role, he will be based in Mexico City and will report to Pablo Korze - Regional President Latin America, Everest Insurance. Overall, Chaves brings over 25 years ... Read the full article
AmTrust adds three new members to its Board
27th March 2023
AmTrust International, the UK and international arm of New York-based insurer AmTrust Financial Services, Inc, has added three new Board members to its international business. The AmTrust Europe Limited (AEL) Board has appointed Nigel Meyer as Independent Non-Executive Director, Chair of the Audit Committee - subject to regulatory approval - and ... Read the full article
Closing flood protection gap requires new approaches: Zurich
27th March 2023
Closing the flood protection gap in vulnerable countries will require “massive investments” and new approaches from policymakers and re/insurers, a new report by the Zurich Flood Resilience Alliance has concluded. The report highlights the urgent need to mitigate the effects of climate change for those most at risk of devastating flooding, ... Read the full article
Tysers names Mark Moore Director of Energy
27th March 2023
Independent Lloyd’s broker Tysers has appointed Mark Moore to lead its Energy Division as Director looking to expand its operations in the class of business. With over 30 years of claims and broking experience, Moore joins Tysers from Primassure where he was Head of Natural Resources. During his time at Primassure, he ... Read the full article
FG Financial Group sees net reinsurance premiums rise to $13m
27th March 2023
In its full year results, FG Financial Group has reported that net reinsurance premiums earned rose to $13 million, a substantial increase from $4.9 million in 2021. In Q4 alone, net reinsurance premiums earned jumped to $3.2 million, compared to $2.6 million in the same quarter of 2021. FG notes that its ... Read the full article
MS Reinsurance appoints Kate McDonald as Chief Strategy Officer
27th March 2023
MS Reinsurance, part of insurance group MS&AD and domiciled in Switzerland, has appointed Kate McDonald as Chief Strategy Officer. McDonald brings a vast amount of expertise towards her new role, having served across the industry for over 10 years. For six years, she worked at PwC, where she was based in London. ... Read the full article
Acrisure Re appoints Jennifer D’Arcy Facultative Reinsurance EVP
27th March 2023
Acrisure Re, the re/insurance division of insurance broker Acrisure, has announced the appointment of Jennifer D’Arcy as Executive Vice President of its Facultative Reinsurance division. In her new role based in London, D’Arcy will continue building out Acrisure Re’s FAC strategy for North America, as well as overseeing and developing Marine ... Read the full article
Convex backs launch of new MGA for Advanced Air Mobility sector
27th March 2023
Newly-incorporated, London-based firm, Skyrisks Limited is preparing to launch as a managing general agent (MGA) pioneering comprehensive insurance products for the Advanced Air Mobility (AAM) sector, in partnership with Convex Group Ltd. The partnership between the two companies will address the fast-growing insurance needs of the AAM sector. In a press release, ... Read the full article