Reinsurance News
Swiss Re’s Jason Richards joins ABI Board
20th September 2022
ABI has announced that Swiss Re’s CEO UK & Ireland, Jason Richards, will be joining the Board, effective immediately. Richards holds almost three decades of insurance and reinsurance industry experience, having joined Swiss Re in 2006 as part of the GE Insurance Solutions acquisition, and becoming Chief Executive Officer UK ... Read the full article
Guy Carpenter appoints AXIS Re’s Les Loh as Chief Executive of Southeast Asia & Korea
20th September 2022
Reinsurance broker Guy Carpenter has appointed AXIS Re’s Les Loh as deputy chief executive of Southeast Asia and Korea. Loh will join Guy Carpenter in October and will continue to be based in Singapore. He will also report to Bengt Johnsen - CEO of Southeast Asia and Korea at Guy Carpenter. Within this ... Read the full article
WTW brings Alessandro Pesci back into the fold
20th September 2022
Advisory firm WTW has appointed Alessandro Pesci as EMEA reserving practice director in its Insurance Consulting and Technology business. Pesci is returning to the company and will be based in the firm’s Rome office where he will work to support and strengthen client relationships within the EMEA region. He will also ... Read the full article
Asian Re chairman Dennis B. Funa steps down
20th September 2022
Dennis B. Funa has stepped down from his role as chairman at Asian Re. Funa had been expected to serve in his role until next year after being re-elected into his position last year. Prior to this, Funa had been serving his first term of office as chairman of Asian ... Read the full article
Blink by Chubb launches new income protection insurance
20th September 2022
Blink by Chubb has announced the launch of Blink Paycheck – a new income protection insurance product that can help keep consumers’ lives on track when they are sick or injured and unable to work. The new product is currently available in 37 states and provides benefits of up to $2,500 per month ... Read the full article
Latest round of funding brings Planck’s total to $71m
20th September 2022
Data firm Planck has raised $71m in funding following its latest $23m round. The firm said that the latest round was led by Vintage Investment Partners and all existing financial investors, including Team8, Greenfield, Arbor Ventures, Viola, 3L Capital, HDI, and Nationwide, alongside private angel investors. It said the financial planning will ... Read the full article
Chedid Re appoints Chandan Thakur to role of associate director
20th September 2022
Chedid Re has appointed Chandan Thakur to the role of associate director in its facultative division - financial lines. The Dubai-based Thakur posted on the social media site to say that the firm had promoted him from deputy manager for financial lines. Thakur is taking up his new role after a ... Read the full article
Fusion Specialty welcomes new director to its UK division
20th September 2022
Global M&A insurance specialist, Fusion Specialty, has announced the appointment of Oliver Berridge as director of Fusion Specialty UK. Additionally, Yinan Guo is joining the division as associate. Arriving shortly after the launch of the UK division, Berridge and Guo assume their roles with immediate effect and will report to ... Read the full article
Monument Re agrees novation of retrocession agreement from Enhanzed Re
20th September 2022
Life reinsurance and insurance holding company, Monument Re, has agreed the novation of a retrocession agreement from Enhanzed Re, a subsidiary of Enstar Group Limited, to Monument Re. The retrocession agreement was originally written in 2020, and covers a block of annuity policies. According to the announcement, there are no changes to ... Read the full article
Berkshire Hathaway names top team for new Brussels office
20th September 2022
Berkshire Hathaway Specialty Insurance (BHSI) has named the people forming the senior level of management at its soon-to-be-opened new office in Brussels. The firm said that it was naming Louis du Ché to the role of country manager; Frederic de Blieck as head of executive and professional lines, Belgium; Bram Boets, ... Read the full article
Typhoon Nanmadol could attach some higher-risk reinsurance programs, says Twelve Capital
20th September 2022
A new note from Twelve Capital says that Typhoon Nanmadol, which is battering Japan, is likely to causes losses high enough to attach at least some higher-risk reinsurance programs. The typhoon, which hit the Japanese island of Kyushu on September 18th with reported wind gusts as high as 150mph, has led ... Read the full article
Korean Re says GWP up 10% in H1 2022
20th September 2022
Korean Re has released its results for H1 2022, saying that it saw gross written premiums (GWP) go up by 10% in the first half of the year. The firm said in a statement that GWP had risen to KRW 4,586.4bn ($3,797.5m) and was driven by new coinsurance business. This new ... Read the full article
D&O insurance results improve, though premium growth stalls: Fitch
20th September 2022
According to Fitch Ratings, the U.S. Directors & Officers (D&O) insurance results in the first half of 2022 have improved, though premium growth has stalled. The D&O insurance line has experienced some of the most pronounced pricing increases over the last three years among all commercial lines, with shifts in underwriting ... Read the full article
Longevity insurtech specialist FOXO completes SPAC merger
20th September 2022
Longevity insurance technology firm FOXO has completed combining its business with that of SPAC company Delwinds. A statement from the former said that the combined company will operate under the name 'FOXO Technologies Inc.' and will be led by Jon Sabes, founder and CEO of FOXO. Sabes said: “The completion of this ... Read the full article
Crum & Forster launches new life insurance business unit
20th September 2022
Property & Casualty (P&C) insurer, Crum & Forster has launched a new life insurance business unit, helping to further build on the organisations 2021 acquisition of Monitor Life Insurance Company of New York. Both the acquisition and launch of a new life insurance business unit will allow the company to continue ... Read the full article