Reinsurance News
Carbon Underwriting appoints Rob Crocker as Active Underwriter
11th April 2024
Carbon Underwriting, a specialist independent managing general underwriter (MGA) and Lloyd’s syndicate, has announced the appointment of Rob Crocker as Active Underwriter, effective April 2024. An expert in professional lines underwriting, Crocker joins Carbon with three decades of industry experience bringing leadership, insight and dynamism to his new role. Subject to regulatory ... Read the full article
All subgroups in Gallagher Re’s Florida market report see DPW growth in 2023
11th April 2024
As per Gallagher Re’s Florida Market Watch Report for 2023, all subgroups of selected insurance companies that derive a majority of their premiums from the state's personal property market witnessed growth in direct premium written (DPW) in the year compared to 2022. Gallagher Re has revealed that the ANTS subgroup, consisting ... Read the full article
Farmers appoints Eric Coleman as President of Business Insurance
11th April 2024
Farmers Insurance has recently announced the appointment of Eric Coleman as the new President of Business Insurance. In his new role, Coleman will directly report to Raul Vargas, CEO of Farmers, and assume responsibility for spearheading commercial underwriting, product, strategy, finance and exploring new market opportunities for the Farmers business insurance ... Read the full article
Argo hires Julie Saunders as Head of Inland Marine
11th April 2024
Argo Group has appointed Julie Saunders as SVP, Head of Inland Marine, where she will reportedly oversee the lines underwriting team and develop innovative marine insurance solutions to meet client needs. Saunders holds two decades of industry experience, having served in several executive roles across underwriting, audit, product development and strategy. Most ... Read the full article
73% of insurers currently invest in private markets or plan to do so: Mercer & Oliver Wyman
11th April 2024
Nearly three-quarters (73%) of insurers currently invest in private markets, or plan to do so in 2024, while nearly four in 10 (39%) are aiming to increase their private market allocations, according to Mercer and Oliver Wyman - businesses of Marsh McLennan - who recently released their Global Insurance Survey. The ... Read the full article
Guy Carpenter hires PartnerRe’s Richard Chu as MD, Credit, Bond & Political Risk, Global Specialties
11th April 2024
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Richard Chu as Managing Director, Credit, Bond & Political Risk, Global Specialties, effective immediately. Chu will be based in Singapore and has a reporting line to David Edwards, Head of Guy Carpenter’s Credit, Bond and ... Read the full article
Risk Theory launches surplus lines insurer Amherst Specialty
11th April 2024
Risk Theory, a privately held specialty lines insurance manager, has launched Amherst Specialty Insurance Company. Amherst is a Texas domiciled and a wholly-owned affiliate within the Risk Theory group of companies, and is an authorized surplus lines insurer with an A.M. Best rating of A- VIII. This strategic affiliation aims to enable ... Read the full article
Aon names Mike Pedel as Head of Global Benefits
11th April 2024
Global insurance and reinsurance brokerage Aon has appointed Mike Pedel as its new Head of Global Benefits, effective immediately, based out of London. Pedel will report to Lambros Lambrou, Human Capital Chief Executive Officer, and will join the Human Capital Executive Committee. Lambrou commented, "Mike is well positioned to further advance collaboration ... Read the full article
Sayata launches AI-powered platform for enhanced risk assessment
11th April 2024
Sayata, a marketplace for insurance brokers and carriers, has recently launched the Sayata Risk Engine: an AI-powered platform designed to revolutionise risk assessment and underwriting for insurance carriers and MGAs. Asaf Lifshitz, Co-Founder and CEO of Sayata, underscores the collaborative effort behind the Risk Engine's development, stating, "Our team of experts ... Read the full article
Peak Re expands Structured Solutions team to deliver customised reinsurance to clients
11th April 2024
Hong Kong-based global reinsurer Peak Re has expanded its Structured Solutions team to enhance product diversity and deliver customised reinsurance solutions to both its Property & Casualty (P&C) and Life & Health (L&H) clients. The expanded Structured Solutions team will reportedly operate independently, underscoring its commitment to providing the most effective ... Read the full article
Acies MGU unveils construction-focused MGA, Phoenix Specialty
11th April 2024
Acies MGU, the technology and data-driven managing general underwriter (MGU), has launched Phoenix Specialty, a new specialist managing general agent (MGA) serving the construction sector. The MGA will be led by managing director Tim James, subject to regulatory approval. Previously, James led the successful development, growth and subsequent sale of Ensurance, a ... Read the full article
Sompo names Hideo Nakano Head of Japanese Interest Accounts
11th April 2024
Sompo has appointed Hideo Nakano as Head of Japanese Interest Accounts (JIA), Asia Pacific (APAC), with effect from April 1, 2024. In this newly created role, Nakano-san is tasked with leading the JIA teams across the APAC region to drive strategy, profitable growth and portfolio optimisation. He will report directly to the ... Read the full article
GIC Re targets domestic growth after strong April 1 renewals: Chairman, Narayanan
11th April 2024
India's General Insurance Corporation (GIC Re) continues to focus on growth within its domestic portfolio following strong April 1 2024 renewals, says Ramaswamy Narayanan, Chairman & MD of GIC Re, in an interview with CNBC TV18. At GIC Re’s April 1 renewals, its domestic portfolio witnessed substantial growth, increasing by nearly ... Read the full article
Everen elects new Board of Directors to serve until March 2025
11th April 2024
Bermuda-headquartered energy insurer Everen Limited’s shareholders, at its Annual General Meeting (AGM), elected a new Board of Directors who will serve until March 2025. The newly elected Board convened and appointed John Weisner as the Chair of the Board and Brian Mullen as the Deputy Chair for 2024, as Gwenola Jan, ... Read the full article
Protective enters agreement to acquire ShelterPoint
11th April 2024
Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, Inc., has revealed that its principal subsidiary, Protective Life Insurance Company, has agreed to acquire ShelterPoint Group, Inc. ShelterPoint is a provider of statutory disability, paid family and medical leave, as well as medical gap insurance products, among others. The transaction is ... Read the full article
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