Reinsurance News
Insurtech FloodFlash expands into US, led by Mark Hara
14th November 2022
Parametric flood insurance company FloodFlash has announced plans to expand into the US market, led by Mark Hara as Chief Executive Officer (CEO) for its North America operations. As CEO of North America, Hara will be charged with developing and executing the US go-to-market strategy, initially launching for commercial property in ... Read the full article
Skyward Specialty files for initial public offering
14th November 2022
Skyward Specialty, a P&C insurance holding company part of Westaim Corporation, has filed a registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its common stock. The firm submitted a draft registration statement in April 2022. According to the announcement, the number ... Read the full article
Sammy Free joins Brokerslink as new affiliate
14th November 2022
Brokerslink, a global broking business, has added Sammy Free, an insurance and reinsurance brokerage specialising in surety insurance, to its international network. From its headquarters in Spain, Sammy Free has been dedicated to enabling clients to obtain their guarantees in the field of technical guarantees since it was founded in 2012. ... Read the full article
Stonybrook hires Miller from Goldman Sachs as SVP
14th November 2022
Stonybrook Capital & Risk Management has announced the appointment of Kevin Miller Jr. as Senior Vice President (SVP). He joins Stonybrook from Goldman Sachs, where he served as SVP for over two years. Before that, Miller spent over five ... Read the full article
Innovative risk solutions key for climate-resilient economy transition, say experts
14th November 2022
Insurance and other risk transfer and financing mechanisms will become increasingly important in managing catastrophic risk as countries transition to more climate-resilient economies as Egypt considers a new NatCat pool, according to experts. At the “Adapting to a changing climate in the management of catastrophic risks in Egypt” conference on November ... Read the full article
AFG promotes Mark A. Weiss to SVP and General Counsel
14th November 2022
American Financial Group, an insurance holding company, has announced the promotion of Mark A. Weiss to Senior Vice President and General Counsel of American Financial Group, Inc., effective December 1, 2022. Weiss will succeed Vito Peraino as he has been named Executive Counsel and will serve in an advisory role to ... Read the full article
Casualty Actuarial Society elects new president
14th November 2022
The Casualty Actuarial Society (CAS) has elected Roosevelt Mosley as its new president. The firm said that Mosley began his term as the president of the CAS on 9 November in conjunction with the 2022 CAS Annual Meeting. Mosley earned his CAS fellowship 23 years ago and is a long-time volunteer with ... Read the full article
Michael Kolodner named renewable energy leader at Marsh Specialty
14th November 2022
Marsh has appointed Michael Kolodner as its global renewable energy leader at Marsh Specialty. The firm said that Kolodner, who rejoined Marsh in 2020 as US power and renewable energy leader, will maintain his current responsibilities, while also leading an integrated team of more than 250 renewable energy specialists around the ... Read the full article
COP27: Covea, Hiscox & RSA commit to Flood Re’s Build Back Better scheme
14th November 2022
Andy Bord, Flood Re’s CEO, has announced that leading UK insurers, Covea, Hiscox and RSA, have joined the Build Back Better scheme. Launched by Flood Re back in April this year, the Build Back Better scheme is a joint initiative between the UK insurance industry and the UK Government to ... Read the full article
IRB Brasil Re posts R$299mn net loss in Q3
14th November 2022
Brazilian reinsurance company IRB Brasil Re has reported a net loss of R$299 million for the third quarter of 2022, compared to a net loss of R$156 million from the prior year quarter. The company’s net loss for the year-to-date currently stands at R$591.6 million compared to R$311.8 million from the ... Read the full article
Resilience names Kotsiopoulos Global Head of Distribution/Strategy
14th November 2022
Cyber insurer Resilience, has appointed George Kotsiopoulos as EVP, Global Head of Distribution and Strategy. He succeeds Tom Gamble who passed away earlier this year. In his new role, Kotsiopoulos will focus on both distribution and strategy as the company builds out its Cyber Resilience Platform, launched earlier this year. Resilience ... Read the full article
Ryan Specialty names Tim Anders EVP of National Specialty Programs
14th November 2022
Ryan Specialty, a products and solutions provider for insurance brokers, has announced the appointment of Tim Anders as Executive Vice President (EVP) of its Underwriting Managers’ National Specialty Programs (NSP) practice. In his new role, Anders will support underwriting practices, launch new program opportunities, and reinforce efficient operational activities. Additionally, Ryan ... Read the full article
Talanx reports huge rise in gross premiums in latest results
14th November 2022
Talanx Group, the parent company of Hannover Re, has released its results for Q3 2022, reporting that gross premiums rose 18.5%, with group net income up 8.6%. The firm said that it was fully on track to meet its annual targets. It added that its growth in premiums and group net ... Read the full article
Chubb promotes Howell to lead Consumer business in Asia Pacific
14th November 2022
Global insurer, Chubb has promoted Ben Howell to Regional Head of Consumer, APAC for its general insurance business in the Asia Pacific region. Currently, Howell serves as Regional Head of Accident & Health (A&H) for Asia Pacific at Chubb. Within this new role, he will be responsible for the financial performance of ... Read the full article
Aston Lark Ireland expands with new acquisitions
14th November 2022
Aston Lark Ireland, a Howden company, has announced the acquisition of William Lyons Insurances and wholly owned subsidiary J.C. Daly Insurances. In the announcement the broker said it had agreed the terms of the acquisition and added that it is subject to approval. Robert Kennedy, Aston Lark Ireland CEO, said: “I’m delighted ... Read the full article