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Reinsurance News

Risk Strategies appoints Powers to lead employee benefits practice

7th November 2019

Risk Strategies, a privately held US insurance broker and risk management firm, has appointed Chris Powers to lead its employee benefits practice for the eastern US. Powers, who joined Risk Strategies in 2014, holds 25 years’ experience in the insurance space and previously oversaw the New England region of the firm’s ... Read the full article

Aon’s John Turner named Chairman of Ed Bermuda

7th November 2019

Global reinsurance brokerage Ed has announced the appointment of John Turner as Chairman of Ed Bermuda, reporting to Chris Bonard, Chief Executive Officer (CEO) of Ed Bermuda. In this newly created position, Turner will provide hands-on support to realise the potential of the recently established operation. In June 2015, Ed received ... Read the full article

Zurich reports P&C premium growth, improved pricing

7th November 2019

Zurich Insurance Group has reported 2% growth in property & casualty (P&C) gross written premiums for the first nine months of 2019, with further rate acceleration in the third quarter. Adjusting for currency movements, acquisitions and disposals, this translated to 7% on a like-for-like basis, with growth coming from all regions. The ... Read the full article

Voce accuses Argo board of ‘being asleep at switch for decades’

7th November 2019

Argo Group shareholder Voce Capital Management has described the specialty re/insurer’s board as having been “asleep at the switch for decades” and urged for immediate and sweeping changes at the company following the Read the full article

Greenlight Re significantly improves underwriting & investment performance

7th November 2019

Investment-oriented reinsurer Greenlight Re has reported net income of $5.1 million for the third-quarter of 2019, as the firm produced underwriting income and an investment gain for the second quarter in a row. It would appear that the previously announced strategic review and ongoing efforts to diversify its portfolio are having ... Read the full article

Greg Solomon joins Peak Re as Head of Life & Health

7th November 2019

Hong Kong based global reinsurer Peak Reinsurance Company Limited (Peak Re) has announced that Greg Solomon has joined the company as Managing Director of Life & Health, effective November 1, 2019. Solomon arrives from Willis Towers Watson, where he was in charge of Life & Health Reinsurance Broking for all of ... Read the full article

Argo falls to Q3 loss on unfavourable prior year loss development

7th November 2019

Argo Group International Holdings, Ltd. has reported a net loss of $25.1 million for the third-quarter of 2019 versus net income of more than $40 million a year earlier, driven in part by an increase in current and prior accident year losses of $51.8 million. Argo's Q3 result was impacted by ... Read the full article

Johnston to succeed Whelan as CEO of Lancashire Insurance Company

7th November 2019

Lancashire Holdings Limited has announced that Hayley Johnston will become the Chief Executive Officer (CEO) of Lancashire Insurance Company Limited (LICL), the Group's Bermuda-based insurance and reinsurance carrier. Johnston previously held the role of Chief Underwriting Officer (CUO) at the Group's UK regulated insurer, Lancashire Insurance Company (UK) Limited (LUK), a ... Read the full article

Willis Re NA appoints Head of Global Accounts, promotes May to President

7th November 2019

Willis Re, the reinsurance business of global re/insurance brokerage Willis Towers Watson, has appointed David Schoenrock as Executive Vice President and Head of Global Accounts for Willis Re North America. Effective December 23, Schoenrock will report to Doug May, who has concurrently been promoted to President of Willis Re North America. Schoenrock ... Read the full article

Francis Aaron Henry joins CoreLogic as Chief Legal Officer

7th November 2019

Property information and analytics provider CoreLogic has announced the appointment of Francis Aaron Henry as Chief Legal Officer. Henry joins CoreLogic from MoneyGram International Inc., a global money transfer company. He has served at this company for the past seven years as Executive Vice President, General Counsel and Corporate Secretary. At CoreLogic, Henry ... Read the full article

Peter Clune appointed Lockton CEO

7th November 2019

Re/insurance broker Lockton has promoted Peter Clune to the role of Chief Executive Officer and appointed Ron Lockton as Chairman, effective May 2020. Clune has served with Lockton for over a decade and was most recently US President and Chief Operating Officer. He succeeds Ron Lockton, who is the son of Jack ... Read the full article

Munich Re surpasses Q3 profit prediction, eyes full year target

7th November 2019

Reinsurance giant Munich Re expects to surpass its initial profit and revenue targets overall for 2019 and has reported a third quarter profit of €865 million, up from €483 million in the prior year quarter. This profit represents an increase on the firm’s previous €850 million prediction for the quarter and ... Read the full article

Swiss Re exploring possible investment in China Pacific Insurance

6th November 2019

Swiss Re has confirmed that it is exploring a potential investment opportunity with China Pacific Insurance Company (CPIC), after partnering with the company earlier this year. Sources at Bloomberg reported earlier today that CPIC was angling to take a $2 billion stake in Swiss Re, through which it could expand its ... Read the full article

Hamilton’s Pembroke announces new cyber team, product

6th November 2019

Pembroke Managing Agency Limited, recently acquired by Bermuda-based re/insurer Hamilton Insurance Group, has established a new team of cyber underwriters and announced the launch of a new product. Pembroke’s four-person cyber team, led by divisional director Jacqueline Spencer-Sim, consists of senior underwriter Iain Ainslie, underwriter Maria Mathews, and assistant underwriter ... Read the full article

Michael Sevi named as Global Counsel for Guy Carpenter

6th November 2019

Marsh & McLennan has announced the appointment of Michael Sevi as General Counsel and Chief Compliance Officer of its reinsurance broking subsidiary, Guy Carpenter. Sevi will succeed Michael Borik, who has served as General Counsel of Guy Carpenter for the past four years. Going forward, Borik will move into a joint business ... Read the full article

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