Reinsurance News
Beazley enters into distribution partnership with Paragon for Weather Guard
2nd September 2022
Specialist insurer Beazley, has announced a new, efficient and effective online portal solution for its leading Weather Guard product. The new online portal, created in partnership with Paragon, will provide a faster service with no changes being made to the actual quality of cover, limits or specific weather perils. At the same ... Read the full article
Cowbell Cyber makes senior appointments in Matthew Jones and Sean Park
2nd September 2022
Cowbell Cyber has hired Matthew Jones as its new chief strategy officer, while simultaneously appointing Sean Park to its board of directors. The firm said that Jones is joining the firm from Anthemis, where he was managing director after a stint at Swiss Re. Park, a co-founder and co-CIO of Anthemis ... Read the full article
Nick Pritchard joins Aon in Bermuda retro broking role
2nd September 2022
Nick Pritchard has joined Aon as managing director for property retrocession in Bermuda. The move was announced on LinkedIn, with Pritchard joining the firm after two years with Vantage Risk Companies as its SVP and head of property catastrophe. Prior to Vantage, Pritchard spent three-and-a-half years at Neon, as the head ... Read the full article
HIVE names Jay Wigmore Class Underwriter for General Aviation
2nd September 2022
HIVE Underwriters, a London-based managing general agent (MGA), has announced the appointment of Jay Wigmore as Class Underwriter, as part of the company’s expansion into the General Aviation (GA) class. According to the announcement, in his new role, Wigmore will be responsible for building the GA portfolio at HIVE and will ... Read the full article
Reinsurers divided on natural catastrophe risk: S&P
2nd September 2022
S&P Global Ratings has said that global reinsurers are parting ways on natural catastrophe risk, with half growing their exposure in this area over the course of the year. Meanwhile, the S&P said that the remainder are taking a more cautious and defensive stance by reducing their exposure. The firm said that ... Read the full article
VHV Reasürans makes two senior management appointments
2nd September 2022
Domestic Turkish reinsurer VHV Reasürans has made two appointments to its senior management level. The firm said that Gürer Baykal will become assistant general manager of technical and claims, while Ali Arisoy will become treaty and business development director. It said in a statement: "We wish them success in their new leadership ... Read the full article
UNCDF announces new parametric climate products for Fiji
2nd September 2022
The UN Capital Development Fund (UNCDF) has announced the introduction of two new parametric micro-insurance products to cushion the impact of climate change in Fiji. The products, backed by customer-facing research and evidence, have been developed through technical assistance from UNCDF with inputs and feedback from various partners and stakeholders. Fijian Minister ... Read the full article
Fairmatic raises $42m in funding round, Aquiline among leaders
2nd September 2022
Following its latest Series A funding round, insurtech company Fairmatic has raised a total of $42M from Aquiline Technology Growth, Foundation Capital, and other insurtech, fintech and technology angel investors. The funding comes at a time of development for Fairmatic, having emerged from stealth with a C-suite of insurance and technology ... Read the full article
Coface hires David Schuerch as reinsurance underwriter
2nd September 2022
Credit insurer Coface has hired David Schuerch as a reinsurance underwriter. The Zurich-based Schuerch is moving to the firm after over five-and-a-half years at Sompo International, where he was most recently an underwriter for trade credit, surety, and political risks. Before Sompo International, Schuerch spent two years at the Federal Department of ... Read the full article
Zurich recruits Global Cyber Underwriting Manager from Munich Re
2nd September 2022
Switzerland headquartered insurer Zurich Insurance Group has appointed Andreas Schmitt as its new Global Cyber Underwriting Manager. He joins the company from Munich Re, where he most recently served as a Senior Executive Advisor, based in Singapore. Schmitt spent more than 12 years at Munich Re, working across Germany, Australia and Singapore. ... Read the full article
Gallagher Re hires Emilie Desormeaux as Executive Director
2nd September 2022
Gallagher Re has appointed Emilie Desormeaux as Executive Director, where she will be based in Paris, France. She joins from reinsurance giant Swiss Re where she worked at for over 14 years. During her tenure at Swiss Re, Desormeaux served as a Casualty Underwriter and Client Manager for the French market. Prior to ... Read the full article
DUAL Asia Pacific announces two “key” leadership promotions
2nd September 2022
Underwriting agency DUAL Asia Pacific has appointed Michael Ussher Deputy CEO, and Jane Cullen as Chief Information Officer (CIO), effective October 1. In his new role, Ussher will be responsible for delivering the leadership team’s business plans while CEO Damien Coates focuses on growth through acquisitions and other new initiatives. Cullen and ... Read the full article
IRB Brasil Re completes capital raise
2nd September 2022
Brazilian reinsurer IRB Brasil Re has completed a successful capital raise through a new share offering. The development comes after months in which it was seeking to raise new capital following significant losses from crop failures and droughts. The firm was looking to bolster its capital levels and ensure its solvency ... Read the full article
UK cyber market stable, trade credit facing challenges
2nd September 2022
The cyber market in the UK has remained “stable and modestly” favourable in this year’s second quarter, while the Trade Credit market has become more challenging in the same period, according to Aon’s latest Q2 Market Dynamics Outlook: The United Kingdom. According to the re/insurer, the cyber markets’ stable condition has ... Read the full article
Arcadian Risk Capital (UK) names Hedley Blane as CEO
2nd September 2022
Managing general agent (MGA) firm Arcadian Risk Capital (UK) has a new CEO in Hedley Blane. The news was announced by Blane on his LinkedIn profile. According to the Arcadian Risk website, Blane currently serves as executive vice president of professional liability within the London team. Before joining Arcadian Risk, Blane spent ... Read the full article