Reinsurance News
Canopius provides $50m of coverage for digital assets firm
5th October 2022
Global specialty re/insurer Canopius Group has provided $50 million of insurance coverage for digital assets financial services ecosystem, Matrixport. The coverage applies to digital assets help in cold storage with Cactus Custody, the institutional custodian for Matrixport. This storage solution safeguards funds and digital assets under custody for over 200 institutional clients ... Read the full article
Guidewire names Will McAllister SVP, Managing Director, EMEA
5th October 2022
Guidewire, a software company that offers an industry platform for property & casualty (P&C) insurance carriers in the US and worldwide, has appointed Will McAllister, as Senior Vice President, Managing Director, EMEA. Within this role, McAllister will lead Guidewire’s customer-facing teams across EMEA, including sales and delivery services. He will also report ... Read the full article
Arbol hires Jeffrey Khoo as Vice Chairman, APAC
5th October 2022
Arbol Inc., a global climate risk solutions platform, has appointed Jeffrey Khoo as Vice Chairman, APAC. His appointment is part of the company’s expansion strategy into APAC. Most recently Khoo served as Chief Marketing Officer at ED Broking, and before that served as Head of Food and Agriculture Sales, Asia at Swiss ... Read the full article
Pen Underwriting enters strategic partnership with Aviva
5th October 2022
Pen Underwriting has announced a multi-year strategic partnership with Aviva to strengthen its personal lines and property owners’ business, which will see Aviva providing capacity for over £100m in premium per annum. Under the terms of the new deal, Aviva will provide 100% capacity across these business lines within Pen’s personal ... Read the full article
Arch Insurance Intl. hires Stallard as Senior Cargo Underwriter
5th October 2022
Arch Insurance International has appointed David Stallard as Senior Cargo Underwriter, effective immediately. He will be based in London and will report to Steve O’Gorman, Head of Cargo and Logistics. Joining Arch’s cargo and logistics division, Stallard will be responsible for driving growth through the development of key relationships, focusing on establishing ... Read the full article
Miller appoints WTW’s Archie Horne to lead new Bloodstock & Livestock team
5th October 2022
Leading independent specialist re/insurance broker, Miller, has launched a new dedicated Bloodstock and Livestock team. The new team will be led by Archie Horne, who has taken up the role of Head of Bloodstock & Livestock, where he will report to Katie Small, Head of Private Clients. Horne joins Miller from broker ... Read the full article
CII elects Swiss Re’s Higginbotham as new President
5th October 2022
Industry body the Chartered Insurance Institute (CII) has announced that Russell Higginbotham, CEO of Swiss Re Solutions, has been elected as its President for 2023. In the coming months, Higginbotham, who began his career in 1986 with a UK life insurer, will work closely with current CII President and CEO of ... Read the full article
AXA XL promotes Aditi Shukla to Country Head of India
5th October 2022
AXA XL has appointed Aditi Shukla to the roles of Country Head for India and Head of India shared services. Shukla’s LinkedIn profile indicates that she has held various roles at XL Catlin in India for nearly 10 years prior to taking up this new role. These include positions as Senior Vice ... Read the full article
Howden Re hires Tan from Aon as Director, ASEAN Treaty & Retro
5th October 2022
Howden Re, the reinsurance arm of the global broking group, has hired Doreen Tan from Aon Reinsurance Solutions Asia as Director, ASEAN Treaty / Retrocession, based in Singapore and reporting to Stephen Warwick, Head of Treaty for Asia Pacific. In her new role, Tan takes on responsibility for servicing clients and ... Read the full article
9M catastrophe bond issuance above-average: Report
5th October 2022
Catastrophe bond and related insurance-linked securities (ILS) issuance was particularly quiet in the third-quarter of 2022, but combined with a solid first-half of the year for the market, helped issuance for the nine-month period come in above-average at more than $8.9 billion, reports Artemis. The Q3 2022 ... Read the full article
HDI names Simon Hunt as CFO for UK & Ireland
5th October 2022
HDI Global has appointed Simon Hunt to be the CFO for its UK and Ireland branch. Hunt will take on his role immediately. He is currently CFO of the UK branch of HDI Global Specialty. He will now be responsible for both HDI Global UK & Ireland branch (HDIG) and HSUB ... Read the full article
Reinsurer earnings hit by interest rates & hurricane activity: DBRS Morningstar
5th October 2022
Despite lower combined ratios, global reinsurers' overall profitability declined significantly in H1 of 2022, primarily reflecting higher interest rates that adversely affected equity and bond valuations, and the mounting pressure of the ongoing Atlantic hurricane season, says DBRS Morningstar. According to the report, global reinsurers performed significantly worse compared with the ... Read the full article
Ardonagh Europe completes acquisition of Léons Group, in the Netherlands
5th October 2022
Ardonagh Europe, a subsidiary of The Ardonagh Group, has completed its acquisition of Léons Group, an independent family-owned insurance brokerage and consultancy firm in the Netherlands. The acquisition was originally announced in July earlier this year. Headquartered in Amsterdam and founded in 1951 by Max Léons, Léons Group specialises in full-service ... Read the full article
ESG factors to play a larger role in the future of underwriting
5th October 2022
Leading insurance broker Marsh has released data from a survey of 30 insurers representing a significant cross-section of the UK insurance market, exploring how ESG factors are being used to assess clients’ risk profiles and the extent to which this trend might accelerate. The survey found that all respondents confirmed that ... Read the full article
USQRisk appoints Chief Marketing & Business Development Officer for Desq
5th October 2022
International MGA USQRisk has named Lael Chappell the chief marketing and business development officer of Desq. Desq is a specialty accelerator platform established to empower entrepreneurial underwriters to launch and manage their own MGAs. Chappell has a wide range of experience in underwriting, leveraging strategic partnerships and promoting change within the industry, ... Read the full article