Reinsurance News
Insurance Advisory Partners names Johan Slabbert as senior advisor
9th July 2024
Insurance Advisory Partners (IAP), a specialised investment bank in insurance and the insurtech industry, has appointed Johan Slabbert as a Senior Advisor, based in London. Slabbert is an industry veteran with over 27 years of experience, having worked extensively in the UK, Europe, North America, Latin America, and Japanese markets. He has ... Read the full article
AXA XL reveals changes to large commercial business & Client/Distribution team
9th July 2024
AXA XL has announced several new appointments in its Large Commercial business unit and on its Client and Distribution team, which comes following the recent reorganisation of its Americas insurance operation. Donnacha Smyth has been appointed Chief Underwriting Officer, Casualty, also assuming underwriting management of both Primary Casualty and Excess ... Read the full article
Sampo obtains all regulatory approvals needed to acquire Topdanmark remaining shares
9th July 2024
Finish insurer Sampo has obtained all the necessary regulatory approvals for the exchange offer to the shareholders of P&C insurer Topdanmark. Back in June Sampo announced its intentions to acquire all of the outstanding shares in Topdanmark not already owned for 33 billion Danish Krone (€4.42 billion). The deal is subject ... Read the full article
Lockton Re hires Guy Carpenter’s Aldo Mendieta in Mexico City
9th July 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has announced that Aldo Mendieta will be joining the firm next month in Mexico City as part of Lockton México Intermediario de Reaseguro, S.A. de C.V. Mendieta is joining the firm to serve as Treaty Country Head for Mexico, and Regional ... Read the full article
Lloyd’s unveils members of Inclusive Futures Coalition
9th July 2024
Lloyd’s, the global insurance and reinsurance marketplace, has announced the members of the Inclusive Futures Coalition, which targets meaningful and lasting change by enabling Black and ethnically diverse individuals to participate and progress from the classroom to the boardroom. The new initiatives were designed based on the feedback of over 250 ... Read the full article
BMS names Ryo Iizuka Director of PEMAT Japan
9th July 2024
BMS Group, an independent specialist re/insurance broker, has announced the appointment of Ryo Iizuka as a Director of the Private Equity, Mergers & Acquisitions, and Tax (PEMAT) in Japan, effective immediately. The resurgence in M&A activity in the Asian market, especially in Japan, according to BMS’s 2024 PEMAT report, has led ... Read the full article
Ardonagh Advisory acquires Rollinson Smith Insurance Brokers
9th July 2024
The SME broking platform of The Ardonagh Group, Ardonagh Advisory, has acquired Rollinson Smith Insurance Brokers (RSIB), the community broker servicing the Shropshire, Staffordshire, West Midlands and North Wales regions with considerable reach in London, as well as other areas of the United Kingdom. Established in 1974, RSIB offers commercial and ... Read the full article
Miller names Gary Newlyn as Head of Social Housing & Public Sector
9th July 2024
Independent specialist (re)insurance broker Miller has appointed Gary Newlyn as Head of Social Housing & Public Sector. According to Miller, Newlyn joins its dedicated team of infrastructure specialists and will sit within its new specialist housing division. Newlyn comes to Miller from JM Glendinning, where he reportedly built the firm's Community Risk ... Read the full article
Acrisure appoints Aaron Miller as CFO
8th July 2024
Global insurance and reinsurance broking group Acrisure has hired Aaron Miller from the Abu Dhabi Investment Authority (ADIA) as its new Chief Financial Officer (CFO), reporting to Co-Founder, Chairman and Chief Executive Officer (CEO) Greg Williams. Miller joins the firm on September 1st, taking over from Jason DeYonker who will remain ... Read the full article
Guy Carpenter’s US ROL Index up by 1.2% in 2024 amid decreased pricing at mid-year renewals
8th July 2024
Reinsurance broker Guy Carpenter's U.S. Property Catastrophe Rate-On-Line (ROL) Index is now up by just 1.2% in 2024, reflecting a deceleration of rate increases at the mid-year renewals following the highs of last year. While still up by 1.2% after the July renewals, the generally flat to slightly down rate environment ... Read the full article
AIG appoints Adam Burk as Global Treasurer & Head of Corporate Development
8th July 2024
Global insurer American International Group (AIG) has announced the appointment of Adam Burk as Global Treasurer and Head of Corporate Development, alongside his current role as Head of Corporate Development. Burk will continue reporting to Sabra Purtill, Executive Vice President and Chief Financial Officer of AIG. In his expanded role, Burk will ... Read the full article
Casualty market to remain disciplined through the end of 2025: Northern Re
8th July 2024
Anthony McKelvy, co-founder and Managing Partner of Cayman Islands-based Northern Re, anticipates the casualty market to remain disciplined through the end of 2025, adding that the multiple years of significant positive rate increases were necessary to address not only the elevated inflationary environment but also the lengthening of claim development ... Read the full article
Nat Re posts 862% increase in net profits in 45th year
8th July 2024
The National Reinsurance Corporation of the Philippines (Nat Re) celebrated its 45th anniversary with record figures in 2023, posting a substantial 862% increase in net profits driven by the firms underwriting and investment incomes. At its annual stockholders' meeting, the organisation posted a record net profit of Php 536.1 million (US$9.11 ... Read the full article
CNA Hardy’s Carl Day to join Apollo as new deputy CUO
8th July 2024
Independent specialist re/insurer Apollo has hired CNA Hardy's Carl Day as deputy Chief Underwriting Officer (CUO). According to the announcement, Day is expected to join the firm in late 2024. In the role, he will be heavily involved in developing the strategic direction of underwriting at the firm. When he joins the company ... Read the full article
Yixiang Yang named APAC Head of Accident and Health at Tokio Marine Kiln
8th July 2024
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has appointed Yixiang Yang as the new Head of Accident and Health for the Asia-Pacific region, effective immediately. Yang is an expert in accident and health underwriting with nearly 20 years of experience in the APAC region. He joins TMK from ... Read the full article
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