Reinsurance News
GoldenTree hires Goldman Sachs’ Charlie Fuller as Head of NA insurance
19th December 2023
Global asset management firm, GoldenTree Asset Management, has hired Charlie Fuller as Partner and Head of North American Insurance coverage, a newly created role, where he will be based in the firm’s New York office and will report to Kathy Sutherland, GoldenTree’s CEO. Bringing over 20 years of industry expertise, Fuller ... Read the full article
Allianz Life & Munich Re Automation Solutions to launch SaaS-based underwriting solution
19th December 2023
Allianz Life has partnered with Munich Re Automation Solutions to implement ALLFINANZ SPARK, a SaaS-based automated underwriting and analytics solution. Through this partnership, the pair will be extending the broader relationship between several countries, globally. Allianz Life will help in launching the ePHI offering, digitizing the accelerated underwriting process for insurance, improving ... Read the full article
SEADRIF appoints Ellen Yong as COO and CFO
19th December 2023
Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has appointed Ellen Yong as its Chief Operating and Financial Officer, based out of Singapore. SEADRIF provides catastrophe risk insurance coverage to participating ASEAN countries and serves as an instrumental entity to the SEADRIF Initiative. The company is licensed as a general insurance company ... Read the full article
Elevate’s CEO Messick to step down, Ralston appointed President
19th December 2023
Jerry Messick, Chief Executive Officer (CEO) of Elevate Risk Solutions, LLC, a provider of captive insurance solutions, is stepping down as of January 1, 2024, the firm stated in a recent announcement. With the transition, Elevate has appointed Managing Director Ryan Ralston as President, and Serena Lintker will be promoted from ... Read the full article
“Unprecedented, dynamic growth” forecasted for non-standard insurance sector: Prestige Underwriting
18th December 2023
The non-standard insurance sector is forecasted to experience “unprecedented, dynamic growth” through to 2030, according to Prestige Underwriting, a specialist MGA in the market. The Report, commissioned to Aon’s Finaccord by Prestige, assessed the non-standard market and its growth from 2023 to 2030. It provided details regarding trends that will likely ... Read the full article
AXIS hires Hippo’s Gallant as Head of Investor Relations & Corporate Development
18th December 2023
AXIS Capital Holdings Limited, the global specialty underwriter and provider of re/insurance solutions, has appointed Cliff Gallant as Head of Investor Relations and Corporate Development. The appointment is effective from December 18th, 2023, Gallant will report to Peter Vogt, AXIS Chief Financial Officer and will serve as a member of the ... Read the full article
Europe’s insurers looking to modernise with help of service providers: ISG
18th December 2023
Outsourcing and technology providers are helping European insurance companies to modernise amid rising challenges, according to a recent Information Services Group (ISG) report. European insurers are facing macroeconomic conditions, new market risks and changing customer demands. As a result, they are seeking more agile, tech-savvy approaches to business, analysts state. They are ... Read the full article
Patricia Kocsondy to lead Beazley’s Global Cyber Digital Risks team
18th December 2023
Specialty insurer Beazley has appointed Patricia Kocsondy as Head of Global Cyber Digital Risks, effective January 1, 2024. In her new role she will be responsible for setting the global product and distribution strategy for all of Beazley’s cyber business sub $250million, and ensure products and services are tailored to the ... Read the full article
PIC secures £25m buy-in with Westminster Abbey Pension Scheme
18th December 2023
Pension Insurance Corporation plc (PIC), a specialised insurer for defined benefit pension funds, has successfully completed a £25 million full scheme buy-in with the Trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme. The buy-in provides insurance coverage for the pension liabilities of 125 pensioners and 107 deferred members ... Read the full article
Ardonagh Advisory caps successful year with Westfield Insurance acquisition
18th December 2023
In a decisive move concluding a year marked by robust growth, Ardonagh Advisory has confirmed the acquisition of Westfield Brokers Ltd, operating under the name Westfield Insurance. The independent commercial broker, headquartered in Horsham, West Sussex, specialises in a diverse range of general insurance products such as fleet, liability, and contractors. Established ... Read the full article
Lloyd’s to remain at iconic headquarters until 2035 with plans for renovations
18th December 2023
Lloyd’s, the global insurance and reinsurance marketplace, has confirmed its continued presence at the historic One Lime Street headquarters until at least 2035. The lease extension includes an option to prolong the iconic location until 2040, the company noted. The agreement solidifies a partnership with Chinese Insurer Ping An, who have owned ... Read the full article
ICA declares “significant event” for Tropical Cyclone Jasper
18th December 2023
The Insurance Council of Australia (ICA) has declared a "significant event" for regions of Far North Queensland which have been impacted by severe weather and flooding over the past week, following Tropical Cyclone Jasper. The category 2 cyclone hit the Queensland coast north of Cairns on Wednesday night last week, before ... Read the full article
Markel appoints Lisa Mitchell as Head of Claims, Australia
18th December 2023
Markel Group Inc.'s insurance subsidiary, Markel, has appointed Lisa Mitchell as Head of Claims, Australia, based in Melbourne, reporting to Managing Director, Rory Morison. Rory Morison, Managing Director, Australia at Markel, commented on the appointment, "We are very pleased to welcome Lisa to the team. The appointment of an industry leader ... Read the full article
More reinsurers to offer meaningful cyber reinsurance capacity in 2024: CyberCube
18th December 2023
With cyber insurance being one of the fastest growing lines of insurance coverage to emerge, there are still a large number of traditional reinsurers who are yet to see cyber as a key area of growth for them, until recently. According to Pascal Millaire, Chief Executive Officer of CyberCube, there are ... Read the full article
BevCap names Jeff Meyer as Exec VP of Healthcare Captives Division
18th December 2023
Alternative risk program manager BevCap Management has announced the appointment of Jeff Meyer as Executive Vice President of its Healthcare Captives Division. Meyer brings over two decades in the self-funded carrier and MGU space, experience he will leverage to grow BevCap's benefits captive programs for self-funded plans. He also brings deep knowledge ... Read the full article
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