Reinsurance News
Verisk launches new Industry Risk Analytics to expand capabilities
15th September 2022
Verisk Maplecroft, a global risk analytics business of Verisk, has launched its new Industry Risk Analytics to provide companies, insurers, and financial institutions with a new geospatial risk solution. The Industry Risk Analytics are the latest innovation from Verisk Maplecroft as it strives to provide global business and finance with a ... Read the full article
Gallagher completes integration of, and rebrands, Brokers’ House
15th September 2022
Gallagher has announced the full integration of its Turkish subsidiary Brokers’ House, bringing it under the company’s name from next Monday. The firm had bought a majority stake in Brokers’ House in August last year. It is headquartered in Istanbul, has 25 employees and its leadership team of Gündüz Tezel ... Read the full article
Reinsurers risk irrelevancy if cyber demand isn’t met: Munich Re
15th September 2022
Senior executives at Munich Re have warned that the re/insurance industry “might lose relevance” if it doesn’t find ways to meet the growing demand for cyber cover with new products and services. Speaking at the reinsurer’s 2022 RVS briefing in Monte Carlo this week, CEO of Reinsurance Torsten Jeworrek noted that ... Read the full article
Munich Re Automation Solutions hires Andrew as VP, Customer Success
15th September 2022
Munich Re Automation Solutions, a leading underwriting automation Insurtech solutions provider, has appointed Grant Andrew as Vice President of Customer Success. He will be based in Chicago and will report to Munich Re Automation Solutions’ Chief Commercial Officer - Alby van Wyk. Within this role, he will be responsible for working directly ... Read the full article
Insurtech firm Yokahu to be part of ninth cohort of Lloyd’s Lab
15th September 2022
Insurtech firm Yokahu has been selected for inclusion in the ninth cohort of the Lloyd’s Lab to develop a new parametric loan default protection product. A statement from the firm said the product had been selected after a competitive pitching process. It will be embedded into, or alongside, a loan such ... Read the full article
Howden M&A appoints Associate Director, Business Development Europe
15th September 2022
Howden M&A, the international M&A and structured solutions insurance broker, has appointed Charles-Henri Gridel as Associate Director, Business Development Europe. Within this role he will lead the Business Development function across Continental Europe, building Howden M&A's brand profile with investment funds, lawyers, M&A bankers, corporates and the financial services industry. At the ... Read the full article
Triple-I comes out in support of risk-based pricing
15th September 2022
A new paper from Triple-I says that risk-based pricing allows insurers to offer the lowest premiums to policyholders with the most-favourable risk factors. The paper, Trends and Insights: Risk-Based Pricing of Insurance, states that risk-based pricing also allows insurers to offer higher premiums for less-favourable risks. Triple-I said in the report ... Read the full article
AIG prices Corebridge IPO at $21 per share
15th September 2022
AIG has priced the IPO of Corebridge, previously SAFG Retirement Services, at $21 per share with trading expecting to begin Thursday. The firm said in a statement that it was offering 80m shares of common stock out of 645m million total common shares. It said that this corresponds to $1.7bn in ... Read the full article
ILS continues to succeed with stable capital and expanded cat bond market: Aon
15th September 2022
Despite industry headwinds, the insurance-linked securities (ILS) market continues to succeed, according to Aon’s Alternative Capital: Growing Markets report, which analyses trends in the sector during the 12-month period through June 30, 2022 The report includes commentary and insights on the catastrophe bond market, transaction activity, ILS-related markets – such as ... Read the full article
AGCS appoints Darren Tasker to new regional role
15th September 2022
Allianz Global Corporate & Specialty (AGCS) has named Darren Tasker as the new regional head of energy and construction for North America, effective from 6 September. Tasker will also join the AGCS North America Executive Management Team (EMT) and report to Bill Scaldaferri, president and CEO for North America. "He has been ... Read the full article
US P&C sector outlook stable despite further claims inflation, says Moody’s
15th September 2022
A recent report by Moody's affirmed that its stable outlook for the US commercial P&C insurance sector reflects strong underwriting profitability, despite slowing price increases and persistent claims inflation. Premium growth will also continue despite the economic slowdown says Moody’s, with expected real GDP growth of 1.9% in 2022 and 1.3% ... Read the full article
There are opportunities in ‘complex’ and uncertain environment: Reardon, Hiscox Re & ILS
14th September 2022
The eyes and brains of the re/insurance industry are assessing the state of the landscape, trying to make sense of not only where the industry is, but in which direction it is heading. To talk about this, Kathleen Reardon, CEO of Hiscox Re & ILS, sat recently with Reinsurance News around ... Read the full article
AXA XL announces replacement chair for UK supervisory roles
14th September 2022
AXA XL has announced that Claire Ighodaro CBE will be retiring from her position as Chair of the Boards of AXA XL Underwriting Agencies Ltd and AXA XL Insurance Company UK Ltd . Her retirement is effective as of December 31, 2022. AXA XL has also confirmed that Nigel Hinshelwood has been ... Read the full article
Rate discussions inevitable amid accelerating loss cost drivers: Thierry Léger, Swiss Re
14th September 2022
As the year turns the corner towards its end, it is time not only to take stock of everything that has happened in 2022, but also of what may - or probably will - come to pass in 2023. Reinsurance News recently took the time to sit with Thierry Léger, CUO ... Read the full article
Inver Re hires former Enstar CFO Guy Bowker to lead Legacy Solutions proposition
14th September 2022
Inver Re, the reinsurance broking of The Ardonagh Group, has hired Guy Bowker, formerly of Enstar, to lead its entry into the legacy sector. Bowker has been appointed to launch the reinsurance broker's new Legacy Solutions proposition, which will support carriers looking to transfer books of liabilities to improve capital and ... Read the full article