Menu

Reinsurance News

Ariel Re provides insurance to backstop Powin’s storage solutions

21st September 2021

Ariel Re, through its Lloyd's Syndicate 1910, has insured the performance of battery energy storage solutions provider, Powin LLC, at a project by Invenergy, a global developer, owner, and operator of sustainable energy solutions, in Baja Californian Sur, Mexico. Powin is a global leader in the design and manufacture of battery ... Read the full article

Brit targets faster catastrophe response with machine learning algorithm

21st September 2021

Brit Ltd has announced the launch of a proprietary machine learning algorithm designed to accelerate the identification of post catastrophe property damage, based on the use of ultra-high-resolution imagery. This proof of concept is being used by the Brit Claims team and its delegated claims adjusters in the wake of Hurricane ... Read the full article

Zurich enters £105mn agreement with AIUA

21st September 2021

Global insurer Zurich has signed a five year agreement with specialist underwriter and Ardonagh subsidiary AIUA, worth an estimated £105 million of gross written premium. Under the agreement Zurich has agreed to provide sole underwriting capacity for a portfolio of farm and agriculture motor. "This deal further strengthens our strategic relationship with ... Read the full article

Lawrence to succeed Del Col as Sompo Intl. General Counsel

21st September 2021

Bermuda-based specialty property and casualty re/insurer Sompo International has announced the appointment of Windy Lawrence as its new General Counsel. Based in Sompo International’s New York City office, Lawrence will report to Chris Gallagher, Chief Executive Officer, Sompo International Commercial P&C and will serve on the Executive Leadership Team She succeeds John ... Read the full article

Liberty Specialty adds AXA XL’s Michael Harth to lead German team

21st September 2021

Liberty Specialty Markets (LSM) has announced the appointment of Michael Harth, who will be joining the company in January as Country Manager for Germany. Harth reports to Kadidja Sinz, Head of Central Region and will be based in Cologne. He will be responsible for leading the German team and delivering strategy and ... Read the full article

James River hires Argo’s Brett Shirreffs as SVP, Investments & Investor Relations

21st September 2021

James River Group Holdings, Ltd. has announced the appointment of Brett Shirreffs, formerly of Argo Group International Holdings, as Senior Vice President, Investments and Investor Relations, effective September 20th, 2021. In his new role, Shirreffs takes on responsibility for investments, investor relations, and rating agency activity. He joins James River Group from ... Read the full article

Swiss Re’s Wiest named CEO of MS Amlin AG

21st September 2021

Robert Wiest has been appointed as the new Chief Executive Officer (CEO) of MS Amlin AG (MS AAG), MS Amlin’s reinsurance company operations, effective January 3rd, 2022. Wiest currently serves as Chief Operating Officer (COO) for Reinsurance at Swiss Re, where he has worked for over two decades. He took up his ... Read the full article

Surplus lines market to remain tight into 2022: AM Best

21st September 2021

AM Best is expecting that surplus lines market conditions will remain tight for the remainder of 2021 and into 2022 due to the ongoing impact of COVID-19, which, combined with outsized property catastrophe losses, has provided an opportunity for the sector to demonstrate its resilience. Although the surplus lines segment fared ... Read the full article

Everest Insurance names Andrew McBride as Global Head of Claims

21st September 2021

The primary insurance arm of global reinsurer Everest Re Group, Ltd., Everest Insurance, has announced the appointment of Andrew McBride as Senior Vice President, Global Head of Claims. In his new role, McBride will be based in London and will report directly to Mike Karmilowicz, President and Chief Executive Officer (CEO) ... Read the full article

ARPC welcomes new Board appointment

21st September 2021

Australian Reinsurance Pool Corporation (ARPC) has welcomed the Australian Government’s appointment of Julie-Anne Schafer to its Board as a part-time Member for a three-year term commencing 14 September 2021. ARPC administers the national terrorism reinsurance pool. Schafer is currently a Non-Executive Director at Queensland Urban Utilities, C S Energy, and Av Super. She ... Read the full article

Debt surge in emerging markets may hurt insurance outlook: Swiss Re

20th September 2021

Analysts at Swiss Re have warned that the high levels of sovereign debt across emerging markets could impact the outlook for re/insurers in these regions through lower insurance demand and weaker investment returns. In a new report, Swiss Re Institute notes that emerging markets' sovereign debt is at the highest level ... Read the full article

Ascot’s US and Bermuda units get ratings boost from AM Best

20th September 2021

AM Best has upgraded the issuer credit ratings (ICRs) of Ascot Group’s operating subsidiaries to reflect their strategic importance to the parent company, which is forecast to achieve profitable growth over the medium term. The rating agency upgraded the long-term ICR to “a+” (Excellent) from “a” (Excellent) and affirmed the financial ... Read the full article

BMS Re adds EVP Jerry Farrell to origination team

20th September 2021

Independent reinsurance broker BMS Re has announced the appointment of Jerry Farrell as an Executive Vice President (EVP) in its origination team. Farrell previously spent 10 years at Toa Reinsurance Company where he was executive vice president and chief underwriting officer, with responsibility for P&C underwriting results for North America Prior to ... Read the full article

KCC pegs Nicholas’ industry cost at $950mn

20th September 2021

Based on its high-resolution US Hurricane Reference Model, KCC estimates that the insured loss from hurricane Nicholas will be close to $950 million. On September 9, a tropical wave formed over the western Caribbean Sea and moved toward the northwest steadily until it reached the southern Gulf of Mexico the following ... Read the full article

Acrisure Re names leaders within corporate advisory & solutions division

20th September 2021

Acrisure Re, the reinsurance business of Acrisure, has announced several senior appointments within its corporate advisory and solutions division (ARCAS), all of which will report to Managing Director, Ben Canagaretna. Firstly, Nick Godfrey has been named as Head of Capital Markets, with responsibility for capital raising activities across ILS, funds at Lloyd’s ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.