Reinsurance News
Catalina appoints Andrew Diaz-Matos as Chief Commercial Officer & Chief Legal Officer
18th August 2022
Legacy specialist Catalina Holdings has appointed Andrew Diaz-Matos as Chief Commercial Officer and Chief Legal Officer, where he will report to Group Chief Executive Officer Ian Parker, effective 15 August, 2022. Andrew takes over the Chief Commercial Officer role from Steve Ryland, who has moved internally to Head of Global Distribution. ... Read the full article
Zurich announce new appointments to Commercial Underwriting
18th August 2022
Zurich Insurance Group has announced two new appointments to its Commercial Insurance Underwriting team. Stephen Moss joins as Group Head of Financial Lines and Cyber, and Andreas Schmitt joins as Group Cyber Underwriting Manager. Moss first began serving Zurich in 2017, as Head of Specialties, UK. He has more than two decades ... Read the full article
APAC insurers report aggregate premium of $908.6bn in 2021
18th August 2022
Growing awareness regarding the importance of insurance, alongside renewed economic growth post-pandemic have helped towards the growth of Asia-Pacific (APAC) public insurance companies, with the top 20 APAC insurers reporting an aggregate premium of $908.6 billion in 2021, according to GlobalData. Analysts at the data and analytics company revealed that the ... Read the full article
Lloyd’s sets out requirements for state-backed cyber-attack exclusions
18th August 2022
In a recent market bulletin, Lloyd’s, the oldest insurance and reinsurance marketplace in the world, has set out requirements for state-backed cyber-attack exclusions in standalone cyber-attack policies. In the report, the market affirmed that they remain strongly supportive of the writing of cyber-attack cover but recognise that cyber-related business continues to ... Read the full article
Applied Systems’ acquisition of Tarmika to drive connectivity
18th August 2022
Ivans has announced that its parent company, Applied Systems, has acquired Tarmika – a leading commercial lines rating solution that streamlines small business insurance. The acquisition is set to expand Applied’s commercial quoting and Ivans’ distribution connectivity solutions to create a more valuable and digital distribution experience at each stage of ... Read the full article
Arch, RenRe, and SiriusPoint well capitalised, says Fitch
18th August 2022
The re/insurers Arch, RenaissanceRe (RenRe), and SiriusPoint are well capitalised despite varying in financial performance, says a new note from Fitch Ratings. Fitch Ratings said that the combined ratios for RenaissanceRe and SiriusPoint improved in 1H22 following elevated levels over the last several years from heightened catastrophe losses and pandemic claims ... Read the full article
OdysseyRe appoints Humberto Contasta to new role
18th August 2022
OdysseyRe has gained a new vice president of treaty underwriting in Humberto Contasta. The announcement was made on LinkedIn and stated that Contasta would be joining the firm at its Miami office. He comes to OdysseyRe after nearly five years at TRANSRE where he was assistant vice president for property treaty ... Read the full article
Descartes looks to expand its parametric offering with new German office
18th August 2022
Descartes Underwriting, an insurtech company specialising in corporate insurance solutions to address climate and emerging risks, has opened its office in Frankfurt to drive collaboration with DACH based brokers and clients. With this launch, Descartes seeks to expand its parametric offering to markets throughout Germany, Austria, and Switzerland. Tanguy Touffut, Descartes’ CEO ... Read the full article
QBE Re to make Chris Killourhy managing director from September
18th August 2022
QBE Re has said that Chris Killourhy is to become the new managing director of the firm from the beginning of September. The move, still subject to regulatory approval, will see Killourhy move from his current role as chief financial officer for QBE International. Jason Harris, CEO of QBE International, said: “We ... Read the full article
McGill and Partners adds Jacqueline Tovey to Fac Reinsurance Team
18th August 2022
Specialist re/insurance broker McGill and Partners has appointed Jacqueline Tovey to be a partner in its Facultative Reinsurance team. Tovey brings 25 years of experience in the insurance industry and has developed an extensive knowledge of operations and policy documentation. She is passionate about modernisation of the placement process using technology to ... Read the full article
FWD Group partners with dacadoo amidst mobile app launch
18th August 2022
FWD Group Holdings Limed (FWD) has partnered with Swiss insurtech dacadoo to launch the new mobile app, omne. omne is a well-being app designed to help people celebrate living through tools that foster micro-habits and achieve daily goals. The self-described easy-to-use app provides a suite of activities and content such as music, ... Read the full article
“Florida insurers facing multiple storms” – KBRA
18th August 2022
New research by KBRA says that Florida property insurers are facing storms on multiple fronts as the 2022 Atlantic hurricane season approaches its peak. The company’s work refers to the updated Atlantic hurricane season forecast that was released by Colorado State University at the beginning of the month. That work called ... Read the full article
Lockton makes two senior appointments in Nashville & Tennessee
18th August 2022
Insurance and reinsurance broker Lockton has made two senior appointments in Nashville & Tennessee. The company has announced that Barry Boster has been appointed Vice President and Producer to the firm's Nashville office, as well as Jay Brown who has been appointed to the firm's Nashville and Memphis offices as President, ... Read the full article
Ardonagh Group’s income increases by 37% in H1 22
18th August 2022
The Ardonagh Group has reported a strong performance in income for the first half of 2022, as it increased by 37% (£162.2 million) to £595 million, compared to £433.2 million in the first half of 2021. The company noted that growth was achieved through a combination of acquisitions and organic growth ... Read the full article
Chubb’s Combined Insurance appoints VP of Distribution, Canada
18th August 2022
Chubb’s Combined Insurance has appointed Michael Milos as Vice President of Distribution Expansion for Combined’s Canadian branch. He is based at Combined’s Markham, Ontario offices. As Vice President of Distribution Expansion Milos will be instrumental in diversifying the organization’s distribution strategies, as well as strengthening and forming new relationships in the broker ... Read the full article