Reinsurance News
MSIG launches new health policy with coverage for Parkinson’s and other critical illnesses
23rd September 2024
MSIG Insurance, a provider of general insurance solutions in Asia and part of the MS&AD Insurance Group, has introduced CriticalCare Plus, a new health policy covering five major critical illnesses: cancer, heart attack, stroke, Parkinson’s disease, and Alzheimer’s disease. Aimed at individuals aged 18 to 60, CriticalCare Plus offers financial protection ... Read the full article
Workforce protection strategies against rising wildfire risks: Aon
20th September 2024
As climate change intensifies wildfire risks, global re/insurance broker Aon highlights how organisations can protect their workforce before and after such events. In its recent report, Aon notes that North America has experienced at least one billion-dollar wildfire event in eight of the past 10 years. In contrast, such significant losses ... Read the full article
Smart returns to AEGIS London as Class Underwriter, Intl. Casualty
20th September 2024
Lloyd's syndicate AEGIS London has recruited Jeremy Smart as a Class Underwriter within its International Casualty team, reporting to Stephen Merrick. In his new role, Smart will be responsible for a mix of territories with an emphasis on Australia and Canada. He returns to AEGIS London following a nine-year stint heading up ... Read the full article
Beat Capital and ex-AIG exec Doug Karpp to launch proRISE Insurance Services
20th September 2024
Ambac Financial Group’s London-based subsidiary and underwriting franchise, Beat Capital Partners and market veteran, Doug Karpp will launch proRISE Insurance Services (proRISE) on October 1st, 2024, which will specialise in management and professional liability insurance with a focus on small and medium-sized enterprises (SMEs). Karpp is a former executive at Hiscox ... Read the full article
TMHCCI adds Howden’s Fox to Marine Special Risk team
20th September 2024
Tokio Marine HCC International (TMHCCI), is strengthening its Marine Special Risk team with the appointment of Victoria Fox as Marine Special Risks Senior Underwriter. She will be taking over her new role with immediate effect. TMHCCI launched the Marine Special Risks team in February 2024, with Paul Knighton spearheading the offering, ... Read the full article
Goldman Sachs analysts suggest Generali could make reinsurance recovery on Storm Boris impacts
20th September 2024
With Generali’s European flood per event reinsurance coverage kicking in after a €300 million attachment, the insurer could make a reinsurance recovery on Storm Boris as analysts at Goldman Sachs forecast losses for the firm to be between €300 and €425 million. Storm Boris impacted Central Eastern European (CEE) countries, as ... Read the full article
Central Europe floods expected to drive billions of EUR in total losses, says Aon
20th September 2024
The recent severe flooding that impacted Central Europe as a result of continuous rain from September 12-16 is expected to become one of the costliest events on record for the region, with billions of EUR in total losses, according to global re/insurance broking group Aon. Data disclosed by insurers and associations ... Read the full article
ERGO appoints Theo Kokkalas & Oliver Willmes to new board roles
20th September 2024
ERGO, Munich Re's primary insurance business, has announced that Theo Kokkalas will be responsible for ERGO's international business and Oliver Willmes will be responsible for ERGO's activities in Germany, effective January 1, 2025. Markus Rieß, CEO of the ERGO Group, commented, "Theo Kokkalas and Oliver Willmes have both delivered exceptional performances ... Read the full article
South Shore Insurance Underwriters expands to US West Coast with LSI acquisition
20th September 2024
Managing general agency South Shore Insurance Underwriters (SSIU) has announced the acquisition of Linneman Specialty Insurance (LSI), as part of the MGA’s expansion plans to the US West Coast. LSI, founded by the late John Linneman and current president Raymond Brown in 2011, aims to deliver exceptional service while writing a ... Read the full article
MGA Pivix launched by E&S insurance veteran Mike Miller
20th September 2024
Pivix Specialty Insurance Services Inc. (Pivix), a managing general agency with a particular focus on the Excess and Surplus (E&S) lines market, has officially launched its operations. Pivix is an E&S platform that offers property and casualty coverages for targeted segments. The company was founded by a team of experienced E&S veterans, ... Read the full article
Davies adopts Majesco’s AI driven system to predict risks efficiently
20th September 2024
Davies, a professional services and technology specialist, has partnered with Majesco, a global cloud insurance software solutions firm, to provide faster and more efficient loss control and premium audit surveys for clients. This move allows Davies to implement Majesco’s AI-driven Loss Control 360 (LC360) inspection management system, which adapts to evolving ... Read the full article
AUB names Wilson CEO of Tysers and Pybus CEO of AUB UK Retail
20th September 2024
Australian insurance broker AUB Group has announced the appointments of Tom Wilson as CEO of Tysers and Bob Pybus as CEO of AUB UK Retail, both effective from 1 October 2024 and subject to regulatory approval. As Wilson takes his new role, Mike Emmett, CEO and MD of AUB Group, will ... Read the full article
AXA XL bolsters UK cyber team with key hires from LSM & BHSI
20th September 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has expanded its cyber capabilities across the UK with a series of key hires in its underwriting and claims divisions. Vanessa Leemans, who has led the firm's cyber operations in the UK since joining in ... Read the full article
Monarch E&S acquires assets of Professional Insurance Executives
20th September 2024
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has expanded its operations by acquiring the assets of Professional Insurance Executives (PIE). Founded by Bruce Hart, PIE is a contract binding/brokerage firm based in Garland, Texas, known for its expertise in underwriting and commitment to integrity, innovation, and customer ... Read the full article
QBE nominates Mario Díaz-Guardamino as next MD for QBE Iberia
20th September 2024
QBE, the business insurer, has named Mario Díaz-Guardamino as the next Managing Director for QBE Iberia. In his new role, Díaz-Guardamino will oversee QBE’s operations in Spain, leading teams in the Madrid and Barcelona offices. His responsibilities include focusing on profitable growth by driving expertise, service delivery, and strong relationships with brokers ... Read the full article
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