Reinsurance News
Topsail Re appoints Joel Belliveau and Jessica Hall to senior roles
3rd September 2024
Cayman Islands-based reinsurer Topsail Re has announced the key appointments of Joel Belliveau as Vice President of Analytics and Jessica Hall as Reinsurance Accounting Manager. Belliveau joins Topsail Re from National General Insurance, where he spent nine years, most recently serving as Actuarial Manager. Before that, he worked as a Senior Model ... Read the full article
IAT Insurance Group to boost claims process with CLARA’s generative AI solution
2nd September 2024
IAT Insurance Group, a specialty property and casualty insurance carrier, has selected CLARA Analytics Claims Document Intelligence Pro (Claims DocIntel Pro) as its newest AI platform to boost its auto and general liability claims process. According to the announcement, Claims DocIntel Pro has been chosen to review legal demands and medical ... Read the full article
Increasing need for improved cyber CAT models for SMBs: Guy Carpenter
2nd September 2024
An increasing number of small and medium-sized businesses (SMBs) are seeking cyber coverage, but current cyber catastrophe (CAT) models still struggle to accurately assess SMB risk aggregation, according to a recent report by Guy Carpenter. The report, developed with At-Bay, highlights the rapid growth of the cyber insurance market and the ... Read the full article
Africa Re’s GWP income climbs to $558.74m, net CoR hits 87.54%
2nd September 2024
The African Reinsurance Corporation (Africa Re) posted a gross written premium (GWP) income of US $558.74 million at the end of the second quarter of 2024, representing a 5.56% increase from the US $529.33 million figure that was reported in the same period last year under IFRS 4. According to the ... Read the full article
Aon appoints Mike Cane & Yen Chu Choo as Capital Advisory Leaders
2nd September 2024
Aon enhances its capital advisory capabilities with the appointments of Mike Cane as Capital Advisory leader for the UK and Yen Chu Choo as Capital Advisory leader for Asia Pacific (APAC). Mike Cane will be based in London and will report to Kelly Superczynski, the Global Head of Capital Advisory. With 20 ... Read the full article
DUAL UK acquires International Passenger Protection
2nd September 2024
DUAL UK, part of the specialist underwriting arm of Howden Group, has announced its acquisition of International Passenger Protection (IPP) in both the UK and Malta, subject to regulatory approval. This acquisition strengthens DUAL UK's position as a key player in the Travel Financial Failure insurance market. Founded in 1990, IPP is ... Read the full article
Miller strengthens Sports and Entertainment business presence in Asia with key appointment
2nd September 2024
Miller, an independent specialist in (re)insurance broking has appointed Siva Krishnan as Head of Sports and Entertainment, Asia, as the firm expands its Sports and Entertainment business into the Asia-Pacific region. With over 25 years of experience in the sports industry, Siva has spent the last three years as an independent ... Read the full article
Munich Re using less retrocession compared with others in Big Four: AM Best
2nd September 2024
According to a new report from AM Best, Munich Re reportedly makes "relatively little use" of retrocession compared with Swiss Re, SCOR and Hannover Re. AM Best's report observed that Swiss Re has shifted in recent years to increase its use of retrocession protection, while significant use has long been ... Read the full article
QBE Re appoints Brigstocke as Head of A&H and names four new hires
2nd September 2024
QBE Re has announced the addition of five new hires to its Accident & Health (A&H) team, appointing Henry Brigstocke as the new Head of A&H, who is joined by Mollie Sallery as Assistant Underwriter. The reinsurer also added Georgina Raeburn to the London team as Senior Underwriter, and Harriet Ayre ... Read the full article
Rising Edge acquires AMANIKI and launches Transactional Liability insurance offering
2nd September 2024
Rising Edge, a London-based directors’ and officers’ (D&O) Managing General Agent (MGA), and insurance broker, has announced it has signed an agreement to acquire AMANIKI GmbH. AMANIKI is an independent MGA that has been operating since 2019 under the leadership of Niki Demirbilek, who will be joining Rising Edge’s Executive Committee. Its ... Read the full article
Hiscox appoints Jane Guyett as Remuneration Committee Chair
2nd September 2024
Global specialist insurer Hiscox has appointed Jane Guyett as an Independent Non Executive Director and Chair of its Remuneration Committee, subject to regulatory approval. Guyett has served in a variety of roles across both the public and private sectors, including Senior Independent Director at UK Government Investments Limited and Chair of ... Read the full article
Big Four European reinsurer’s discipline to remain, says AM Best
2nd September 2024
Europe's four largest reinsurers, Swiss Re, Munich Re, Hannover Re, and SCOR, benefited from the hard reinsurance market in 2023, with better pricing and terms and conditions, and with strong results reported for the first half of 2024, discipline is expected to persist, according to AM Best. All four of the ... Read the full article
CCR Re appoints Sébastien Jallet as Head of Investment
2nd September 2024
French reinsurer CCR Re has announced the appointment of Sébastien Jallet as Head of Investment. In his new role, Jallet will be responsible for managing CCR Re’s investments and will report to Executive Management. Bertrand Labilloy, CEO of CCR Re, expressed enthusiasm for Jallet’s appointment, stating, “We are delighted to welcome Sébastien ... Read the full article
Aon promotes Rob Kemp to head of Commercial Risk Solutions, UK
2nd September 2024
Global professional services firm Aon has appointed Rob Kemp as head of Commercial Risk Solutions for the UK, subject to regulatory approval. Kemp joined Aon four years ago and currently leads the EMEA Central Broking team. Effective 1 October, he will be responsible for bringing more of Aon’s Risk Capital capabilities ... Read the full article
CrowdStrike IT outage could cost UK economy up to £2.3bn: Kovrr
2nd September 2024
Kovrr has estimated that the total cost to the UK economy from the CrowdStrike IT outage will likely fall between £1.7-£2.3 billion. For those unaware, back in July, an automatic update of CrowdStrike's Falcon sensor software crashed more than 8.5 million Microsoft Windows machines globally. According to Kovrr, the incident resulted in ... Read the full article
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