Reinsurance News
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
Keith Trivitt joins Amwins Amplify as Underwriting Director
2nd September 2024
The London-domiciled underwriting arm of global speciality distributor Amwins, Amwins International Underwriting, has appointed Keith Trivitt as the Underwriting Director for Amwins Amplify. Trivitt has experience in the segment from both a carrier and distributor perspective, a key combination that will further assist Amwins in developing the MGA. Most recently, he served ... Read the full article
CatX eyes expansion with appointment of Jon Wood as Head of Origination
2nd September 2024
CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has appointed industry leader Jon Wood as Head of Origination. The hire affirms the company’s commitment to broadening market reach ahead of the January renewals, as it targets a significant increase in transaction volume particularly in parametric, industry loss ... Read the full article
Fitch anticipates rise in reinsurance M&A activity as market softens
2nd September 2024
Although 2024 has not seen any major reinsurance M&A announcements, Fitch Ratings expects that as the market inevitably softens and organic growth opportunities diminish, companies that have accumulated capital may seek to acquire less successful re/insurers. Fitch analysts noted that M&A activity has slowed in 2024 following several large deals in ... Read the full article
Vanbridge names Aon’s Osmel Cuan as Managing Principal & Tax Liability Practice Leader
2nd September 2024
Vanbridge, an EPIC company, has announced the appointment of Osmel “Oz” Cuan as Managing Principal and Tax Liability Practice Leader. In his new role, Cuan will join the Transactional Risk Solutions team and lead the Tax Liability Insurance practice. Greylen Mardy, Managing Principal and Transactional Risk Solutions Leader at Vanbridge, expressed enthusiasm ... Read the full article
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