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Reinsurance News

Clyde & Co hires two former Mayer Brown lawyers as insurance partners

18th January 2018

Mandip Sagoo and Angus Duncan have joined Clyde & Co as new London insurance partners, both joining from Mayer Brown. Sagoo has extensive experience advising insurers in connection with complex financial institutions, D&O, professional indemnity and warranty & indemnity claims, while Duncan brings experience in acting for insurers in the financial ... Read the full article

LMA’s Worldwide Property Panel appoints Markel’s Dean Pitts as Chairman

18th January 2018

The Lloyd's Market Association's (LMA) Worldwide Property Panel has named Dean Pitts, Managing Director - Property Open Market at Markel, as its new Chairman, replacing the outgoing Nick Jones of Apollo. The Worldwide Property Panel leads on numerous issues impacting Lloyd's of London managing agents and syndicates, on behalf of the ... Read the full article

Paul Woodward joins JLT Specialty as Head of NA Casualty from Marsh

18th January 2018

Insurance and reinsurance brokerage JLT Group subsidiary, JLT Specialty, has announced the appointment of Paul Woodward as Head of North American Casualty. Woodward joins JLT Specialty from Marsh, having previously worked for JLT until 2011. In his new role he will work closely with the broker's international team, with the aim ... Read the full article

Fourth industrial revolution poised to transform re/insurance: Amit Tiwari, Xceedance

18th January 2018

The fourth industrial revolution (4IR) continues to gain traction, resulting in a wave of smart and connected technologies which look set to transform the global insurance and reinsurance industry, according to Amit Tiwari, Chief Technology Officer, Xceedance. In an interview with Reinsurance News, Tiwari discussed re/insurance operations in the era of ... Read the full article

Liberty Specialty Markets appoints Chris Hall to Senior Underwriter

18th January 2018

Liberty Specialty Markets (LSM) has appointed Chris Hall to Senior Underwriter to head up the development of a new trade finance insurance initiative in the firm's London headquarters. In his new role, he will report to LSM’s Head of Underwriting and Strategic Development – Global Financial Risks, Andrew Beechey. Beechey commented on ... Read the full article

Munich Re partners with insurtech Betterview for drone imagery, analysis, reporting

18th January 2018

Global reinsurance player Munich Re has entered into a partnership with insurance technology and drone start-up Betterview, that will see the Munich Reinsurance America, Inc. unit offering drone imagery, analysis and reporting to its insurance company clients. Munich Re will refer any of its insurance company clients that might benefit from ... Read the full article

Pioneer Underwriters launches cyber cover for investment managers

18th January 2018

Pioneer Underwriters has launched a new cyber risk cover that addresses the specific needs of investment managers in relation to cyber exposure. At a breakfast briefing this morning, Simon Holt, Senior Underwriter for Financial Institutions, said; “Pioneer’s cyber offering provides pre and post loss cyber risk management services and as an ... Read the full article

Probitas 1492 names Mark Smith as Senior Underwriter

18th January 2018

Probitas 1492 has named Mark Smith as Senior Underwriter for Management Liability in the Financial Lines team. Smith, who joins Probitas from QBE, is set to take responsibility for the syndicate’s Management Liability portfolio. Neila Buurman, Chief Underwriting Officer for Casualty, commented; "we are very excited that Mark has joined the team ... Read the full article

Volante Global launches London market commercial motor MGA, Edison Motor

18th January 2018

Multi-class international managing general agent (MGA) platform, Volante Global Limited, has announced the establishment of Edison Motor, a London market commercial motor insurance MGA. Edison Motor will offer comprehensive commercial motor insurance solutions to niche markets in the UK, with key business lines being the public sector, such as police forces, fire ... Read the full article

Neon expands Political & Credit Risk team

18th January 2018

Neon has expanded its Political and Credit Risk team with the appointment of Paul Barrett who joins from Arthur J. Gallagher. Barrett is the latest of a string of hires for Neon's Political and Credit Risk team, following the appointments of Anthony Vaughan, Senior Credit Analyst, and Paul Carrington, Underwriter, both ... Read the full article

Ironshore makes two exec promotions within Bermuda operations

18th January 2018

Bermuda domiciled insurance and reinsurance holding company, Ironshore, has announced the appointment of Steve Horton as Chief Executive Officer (CEO) of Iron Starr, and Susan Pateras to Chief Operating Officer (COO), Ironshore Bermuda. In their new positions, both Horton and Pateras will report to Ironshore Bermuda CEO, Mitch Blaser. Blaser, commented; "Steve and ... Read the full article

UK life insurers could see greater reserve releases as mortality rate grows

18th January 2018

The UK mortality rate increased in 2017 overtaking 2015 as the worst year for deaths since 2003 and as UK life insurers' models are updated to more accurately reflect current trends, more responsive models could result in greater reserve releases. RBC Capital Market analysts noted that CMI 2016 substantially underestimated the ... Read the full article

Reinsurance market demonstrates its resilience at 1/1: Guy Carpenter

18th January 2018

Commenting on the state of the global reinsurance market after the key January reinsurance renewals, broker Guy Carpenter notes how resilience the market has been and that little in the way of capital has evaporated despite the major losses of last year. In fact, Guy Carpenter's analysis shows that reinsurance capital ... Read the full article

Multi-line reinsurance rate hardening at 1/1 for Lloyd’s market: Peel Hunt

17th January 2018

The Lloyd's property catastrophe reinsurance market has turned a corner with single-digit rate increases at 1/1 renewals and with further rate hardening expected at mid-year renewals, said Peel Hunt analysts, reflecting views from both the underwriter and broker community after a tour of Lloyd's. Rates increased by about 5% across loss-free ... Read the full article

U.S. life reinsurance market forecast as stable for 2018: A.M. Best

17th January 2018

A.M. Best's outlook for the U.S. life reinsurance market for 2018 is stable, with the market characterised by modest growth, mortality levels that remain within pricing parameters and the strong positions of major players. Michael Adams, A.M. Best, Senior Financial Analyst, commenting on the stable outlook, said; "reinsurers are somewhat less ... Read the full article

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