Reinsurance News
BMS Iberia names new Director of Affinity and Wholesale Partnerships, Spain & Portugal
12th January 2022
Independent specialist re/insurance broker BMS Iberia has appointed Jorge Melero as Director of Affinity and Wholesale Partnerships for Spain & Portugal, effective immediately. Based in Madrid, Melero will join BMS Iberia’s executive committee and will report to Fernando Claro, CEO of BMS Iberia. Prior to joining BMS, Melero was Commercial Director (Affinity) ... Read the full article
CCR Re names Thi Hoang Anh Nguyen as underwriter, Asia
12th January 2022
CCR Re has appointed Thi Hoang Anh Nguyen as an underwriter for Asia. She will report to John Conan, Head of non-life underwriting, Asia & Africa. Nguyen started her career as an underwriter for Vietnam National Aviation Insurance Corporation in Hanoi before joining Willis Towers Watson as accounts manager. She also previously worked ... Read the full article
Arch Re Fac announces exec promotions, Santi Hernandez named CEO
11th January 2022
Arch Re Facultative, part of Bermuda-based Arch Capital Group Ltd.'s reinsurance division, has announced several leadership promotions which were effective January 1st, 2022, including the appointment of Santiago Hernandez as Chief Executive Officer (CEO). All the promotions coincide with the retirement of former Arch Re North America CEO, Ken Vivian, at ... Read the full article
CoreLogic partners with AXA Climate on Hail Protection product
11th January 2022
Catastrophe risk modeller CoreLogic has been selected to expand the Hail Protection product designed by AXA Climate, the specialist parametric risk transfer division of AXA. The product has been designed to help businesses recover from financial losses such as property damage or business interruption following a hail event. After the launch of ... Read the full article
Transverse targets hybrid fronting business growth with $48m capital raise
11th January 2022
Specialty insurer Transverse Insurance Group has successfully raised $48 million of additional capital as it looks to grow its hybrid fronting insurance operation this year and beyond. As well as supporting the planned expansion of its hybrid fronting business, Transverse expects this debt and equity raise to see A.M. Best grant ... Read the full article
Gossmann & Cie makes two management changes
11th January 2022
Liability Management Company Gossmann & Cie has made two management changes in the Supervisory and Executive board of German re/insurer Schwarzmeer- und Ostseeversicherungs-AG (SOVAG). Dr. Gerd Meyer has been the company's Executive Board Member of SOVAG AG since 2017, and will join the Supervisory Board later this year. Meyer holds over 40 ... Read the full article
Peter Horrobin to co-lead specialty MGA Banyan Risk
11th January 2022
Banyan Risk Ltd, the specialty Managing General Agent (MGA) which launched in Bermuda in 2021, has announced Peter Horrobin’s role as Co-Founder and Co-Chief Executive Officer. Horrobin joins Tim Usher-Jones to lead Banyan Risk, a minority stake of which is held by SiriusPoint, who also provides insurance paper and capacity to ... Read the full article
Notional value of US insurer held derivatives tops $3tr: AM Best
11th January 2022
The notional value of derivatives used by the insurance industry in the United States has risen by 45% over the past five years, according to a new AM Best report. Insurers use derivatives in hedging and portfolio management, setting the price of future purchases and sales in order to hedge against ... Read the full article
AXA XL names Matsumura-Martins as Global CUO, Aerospace
11th January 2022
AXA XL, the property & casualty and specialty risk division of global insurer AXA, has named Thisiani Matsumura-Martins as its new Global Chief Underwriting Officer (CUO) of Aerospace, effective April 1st, 2022. Based in São Paulo, Brazil, Matsumura-Martins will report to Nancy Bewlay, Global CUO and work closely with Regional Business ... Read the full article
BMS Re makes three senior hires
11th January 2022
Independent reinsurance broker BMS Re has made several senior appointments to its facultative practice, effective immediately. Jeremy Gallico and Brian Kohout will assume the roles of vice president, property fac and vice president casualty fac respectively, both appointments will be based in Chicago. In addition, Erin Brady joins BMS Re’s New ... Read the full article
Munich Re Specialty Insurance names new Senior Cyber Underwriter
11th January 2022
Munich Re Specialty Insurance, a division of German reinsurance giant Munich Re, has appointed Monica Tigleanu as Senior Cyber Underwriter, where she will be based in London. Tigleanu has previously worked for Munich Re as a consultant back in 2018, where she held the position for five months. Back in September ... Read the full article
Helios secures syndicate capacity of £3.6m through latest acquisitions
11th January 2022
Helios, an investment vehicle that acquires and consolidates underwriting capacity at the Lloyd’s re/insurance marketplace, has acquired a further three LLVs for a consideration of £2.4 million. These acquisitions follow Helios' acquisition of three LLVs back in December, and see the firm acquire syndicate capacity of £3.6 million. Additionally, Helios says ... Read the full article
Markel promotes Hollis Zyglocke
11th January 2022
Markel Corporation has appointed Hollis Zyglocke as Regional President, Mid-Atlantic for the Markel Specialty division, taking on responsibility for leading the region within Markel Specialty's East Territory. She joined Markel in 2017 and most recently served as Senior Director, Underwriting & Production, Casualty/Excess & Umbrella in Markel's Mid-Atlantic Region. She succeeds Steve ... Read the full article
MS Amlin hands Vipul Gupta SEO Dubai role on a permanent basis
11th January 2022
Specialty Lloyd's insurer and reinsurer, MS Amlin Underwriting Limited (MS AUL), has made Vipul Gupta its permanent Senior Executive Officer (SEO) in Dubai, subject to regulatory approval. Gupta first joined MS Amlin in 2015 and has served as the interim SEO in Dubai since July 2021. He will report to Johan Slabbert, ... Read the full article
Climate failure & social crisis dominate global concerns: WEF
11th January 2022
A new report by the World Economic Forum (WEF) has identified climate failure as the foremost long-term global risk, with societal divides, livelihood crises and mental health deterioration dominating the shorter-term landscape. The WEF’s Global Risks Report 2022 also found that most experts believe a global economic recovery will be volatile ... Read the full article