Reinsurance News
MultiStrat promotes James to CUO, Grealy transitions to Portfolio management role
11th September 2024
MultiStrat, a specialty reinsurance and capital advisory business, has made two senior promotions within its underwriting team, with Kier James stepping up from Vice President, Underwriting, to the role of Chief Underwriting Officer (CUO), while Patrick Grealy, Executive Vice President, transitions to the expanded role of Portfolio & Performance Management. Both ... Read the full article
Philip Cruickshank joins Coalition as Regional Underwriter for cyber risk prevention
11th September 2024
Coalition, the insurance provider focused on actively preventing digital risks, has appointed Philip Cruickshank as Regional Development Underwriter in Manchester. Stephen Wares, Coalition’s International Head of Underwriting, commented: “Philip is a major hire for our team in the North and a well-known industry figure in the region. "At Aon, where he was ... Read the full article
QBE NA expands support for Blue Forest to help prevent catastrophic wildfires
11th September 2024
QBE North America, a provider of property, casualty, and specialty insurance, has extended its support to Blue Forest, a conservation finance nonprofit focused on restoring forests, protecting watersheds, and preventing catastrophic wildfires. Until November 15, 2024, QBE’s Possibilities Fund will match dollar-for-dollar, up to $200,000, any donation of $100 or more ... Read the full article
OneAdvent names Head of European Services to drive EU expansion
11th September 2024
OneAdvent, an MGA services platform, has appointed Cian O’Toole as the new Head of European Services, a newly created position, which is part of OneAdvent's efforts to broaden its presence across Europe. Previously, O'Toole served as the Global Head of Strategy & Operations, Insurance at Revolut. He was also the UK Branch ... Read the full article
Bart Mertens named Chief Underwriting Officer at West
11th September 2024
The West of England P&I Club, an insurance provider to the global maritime and offshore industries, has announced the appointment of Bart Mertens as its new Chief Underwriting Officer (CUO), effective early 2025. Bart Mertens, who brings over 30 years of experience in the marine insurance sector, will be succeeding Simon ... Read the full article
Thomas Miller introduces the launch of new venture, Navata
11th September 2024
Thomas Miller, an international insurance and risk management business is has unveiled Navata, its new standalone MGA business. Evolving from Thomas Miller Specialty Offshore, which was founded in 2016, Navata specialises in underwriting a broad array of renewable energy, power, onshore and offshore oil & gas risks. It also offers Marine insurance ... Read the full article
Juniper Re appoints Russ Wagner to spearhead launch into facultative reinsurance
10th September 2024
Juniper Re, LLC, the reinsurance broking arm of The Baldwin Group, has named Russ Wagner as Head of Facultative as it is set to enhance its ability to meet clients' needs in the evolving market. In the role, Wagner will spearhead Juniper Re's strategic entry into the facultative reinsurance space, marking ... Read the full article
HDI Global Insurance launches new Life Sciences Solution with $10M Capacity
10th September 2024
HDI Global Insurance Company, the US branch of the global commercial insurer HDI Global SE, has announced the introduction of its new excess Life Sciences Liability policy. With coverage options of up to $10 million, this enhanced solution provides tailored protection for risks unique to the industry. It is designed for various ... Read the full article
WTW CLIPS reveals US rates are down in Q2’24, increasing to only 5.9%
10th September 2024
According to a new WTW Commercial Lines Insurance Pricing Survey (CLIPS), US commercial insurance rates grew at a rate of 5.9% throughout the second quarter of 2024, down from 6.1% in Q2 2023. The rates for the same segment were reported at 6.3 % in Q1 2024, the survey suggests the ... Read the full article
Hiscox introduces new Personnel Security Plus product
10th September 2024
Hiscox, a provider of specialist insurance solutions, has introduced a new offering called Personnel Security Plus. This product is designed to enhance the coverage provided by Hiscox's existing Kidnap and Ransom insurance policy, offering businesses added protection for their employees who face a growing range of risks. The policy covers 22 distinct ... Read the full article
Mosaic Insurance adds 13 US environmental risk specialists to its team
10th September 2024
Specialty insurer Mosaic Insurance, has announced that it has added 13 US environmental risk specialists to its team as the organisation continues to buildout business across the Americas. According to Mosaic, this expansion marks the next stage of growth for the company's Environmental Liability division, which was launched as Mosaic' seventh line ... Read the full article
Colin Dutkiewicz appointed Senior Director of WTW’s ICT business
10th September 2024
WTW, the global advisory, broking, and solutions firm has appointed Colin Dutkiewicz as Senior Director to its Insurance Consulting and Technology (ICT) business. Based in London, Dutkiewicz is a renowned veteran across the life re/insurance industry, having spent over three decades working within the sector. He joins WTW from Aon, where he previously ... Read the full article
Insurers and asset managers continue to invest in longer term cybersecurity planning: Moody’s
10th September 2024
A vast majority of insurers and asset managers are continuing to invest in longer term cybersecurity planning and have put in place advanced cybersecurity protection, a new report from Moody's Ratings reveals. According to Moody's, these efforts reflect the growing frequency and sophistication of cyberattacks, as well as increased regulatory expectations ... Read the full article
IUA reports 25% increase in London company treaty business premiums
10th September 2024
Recent figures from the International Underwriting Association (IUA) reveal a substantial increase in treaty reinsurance within the London company market for 2023, premiums surged to £10.889 billion, compared to £8.248 billion in 2022, marking nearly a 33% growth. The upcoming London Company Market Statistics Report, due later this month, will offer ... Read the full article
Human expertise is vital for the success of any electronic placement platform: Ebix Europe
10th September 2024
At the beginning of the year, Ebix Europe, the London-based technology specialist, released its electronic placing solution, PlacingHub, which has attracted interest from major re/insurance brokers and carriers across the market. During an interview with Reinsurance News, James Pring, Sales Director, Ebix Europe, explained what steps the company are planning to ... Read the full article
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