Reinsurance News
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
It’s now “imperative” that re/insurers deploy smart tech: Davies, Xceedance
14th September 2022
Current geopolitical instability, staffing woes, and inflationary pressures are forcing the insurance industry to dramatically improve its operational efficiency through smart technology, says Justin Davies, Head of EMEA at re/insurance service provider, Xceedance. The insurance and reinsurance industries, like other businesses and consumers all over the world, are struggling with a ... Read the full article
Accelerant hires Pete Horst as Chief Technology Officer
14th September 2022
Insurtech platform Accelerant has appointed Pete Horst as its new Chief Technology Officer (CTO). Within this role, he will lead functions spanning Accelerant’s proprietary data and technology platform that helps Members better understand risk, benefit from insights, and handle operational and regulatory complexity. Most recently, Horst served as Vice President of Engineering ... Read the full article
Re/insurers need to step up their efforts to narrow protection gap: Peak Re CEO Hahn
14th September 2022
A widening of the protection gap, says Franz Josef Hahn, Chief Executive Officer (CEO) of Hong Kong domiciled reinsurer Peak Re, is "perhaps one of the most imminent threats" to the reinsurance business. Speaking to Reinsurance News, Hahn discussed some of the main threats to the reinsurance business, including the impact ... Read the full article
MS AUL hires Simon Morgan as Head of Property Delegated Authority
14th September 2022
Lloyd’s market global re/insurer, MS Amlin Underwriting Limited (MS AUL) has appointed Simon Morgan as Head of Property Delegated Authority, where he will report to Sam Geddes, Head of Property and Allied Lines. Morgan will take on the role in November, later this year. Within this role, Morgan will be leading and ... Read the full article
Lloyd’s grants ‘in principle’ approval for launch of Flux syndicate 1985
14th September 2022
The specialist Lloyd’s re/insurance marketplace has granted ‘in principle’ approval for the launch of Flux syndicate 1985 that will commence underwriting at the beginning of next year. The news was announced in a joint statement from third-party managing agent Asta and the firm Acrisure. It said that Flux is expected to ... Read the full article
Everest “well-positioned” for growth ahead of highly promising 1/1: Jim Williamson
14th September 2022
Everest Re's Chief Operating Officer and Head of Reinsurance, Jim Williamson, spoke with Reinsurance News to share his thoughts on Everest's major international expansion plans, as well as the Florida property market, and the upcoming renewals. Williamson said: “As a go-to-market for all reinsurance purchases around the world with cedents in ... Read the full article
ICEYE enters into pilot flood scheme with If P&C Insurance
14th September 2022
ICEYE, a world-leading provider of natural catastrophe data, has launched a pilot scheme with If property & casualty (P&C) Insurance to use its Flood Insights product. The data and insights that ICEYE provides enables users to gain rapid situational awareness of any flood event globally. High resolution flood imagery is captured via ... Read the full article
Asta-managed Trium Cyber gets green light from Lloyd’s
14th September 2022
Asta, the leading third-party managing agent at Lloyd’s, has announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received ‘in principle’ approval from Lloyd’s. Trium Cyber expects to write $50m of gross premiums during its first year of operations, commencing January 2023. Its executive team includes ... Read the full article