Reinsurance News
Almost 60% do not treat AI ethical risks separately: Airmic survey
11th April 2024
Nearly 60% of organisations are not treating ethical risks related to artificial intelligence (AI) separately from other ethical concerns, according to a recent survey conducted by Airmic, a UK association for risk and insurance professionals. In another poll asking whether these organisations believe AI's ethical risks should be treated separately, respondents ... Read the full article
Optalitix partners with Juniper to streamline reproductive health insurance offerings
11th April 2024
Optalitix, a specialist in data analytics solutions, has announced a partnership with Juniper, a reproductive health insurance provider, employing its online product, Optalitix Models, to efficiently promote Juniper's new offering through quick, precise quotations and seamless service to brokers. Optalitix Models ensures consistent pricing for comprehensive coverage, simplifying access for brokers, ... Read the full article
Amy Bowman to lead Berkshire (BHSI) Multinational business
11th April 2024
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Vice President of Multinational, Amy Bowman, to Head of Multinational, a Boston based role. Bowman brings more than two decades of experience as an attorney and insurance leader to her new role. She joined BHSI in 2014 as Counsel for Executive & ... Read the full article
Dawn Miller named CCO of Lloyd’s and CEO of Americas
11th April 2024
Dawn Miller has been appointed Chief Commercial Officer (CCO) of Lloyd’s and Chief Executive Officer (CEO) of Lloyd’s Americas. Marc Lipman has been appointed President of Lloyd's Americas taking over the role from Hank Watkins, who will be leaving Lloyd’s at the end of the year. In her expanded role as ... Read the full article
IRLA expands global network by launching new chapter in Bermuda
11th April 2024
The Insurance and Reinsurance Legacy Association (IRLA) has announced the launch of its new chapter in Bermuda, which is set to provide a platform for members to network, share best practices and access professional development opportunities across the region. According to the announcement, the IRLA Bermuda chapter is expected to promote ... Read the full article
RSA unveils new trading structure ahead of integration of NIG
11th April 2024
Global insurance provider, RSA Insurance, has unveiled its new regional trading structure ahead of the integration of NIG on May 1, 2024. According to the firm, this next step in evolution of RSA’s Commercial Lines business is based around three principles: "focus on the broker experience first, leverage the strengths ... Read the full article
Surge in elections increases demand for political violence insurance: Allianz
11th April 2024
A recent report from Allianz Commercial highlights growing concerns surrounding the surge in elections scheduled for 2024, which could potentially escalate the risks of political violence and result in significant insured losses. Srdjan Todorovic, Head of Political Violence and Hostile Environment Solutions at Allianz Commercial, emphasises, “So many elections in one ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
