Reinsurance News
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
Robson to retire as AXIS Global Markets Head of Underwriting
10th April 2024
AXIS Capital has announced that Alistair Robson, Head of Underwriting for AXIS Global Markets, and Chief Underwriting Officer (CUO) of AXIS Managing Agency, has decided to retire. The company has confirmed that he will leave AXIS at the end of June 2024 after 13 years of service with the firm, ... Read the full article
Direct Line Group hires Aviva’s Poole as Group CFO
10th April 2024
Direct Line Group has hired Aviva's Jane Poole as Group Chief Financial Officer (CFO), subject to regulatory approval. In an announcement made by the company, it was revealed that Poole will join the Board in October 2024, succeeding Neil Manser who has been in post since January 2021. Currently, Poole serves as ... Read the full article
Taiwan quake not expected to be a capital event for non-life industry: AM Best
10th April 2024
As per a new report from AM Best, after a benign natural catastrophe year in 2023, the magnitude 7.2 earthquake that struck Taiwan is not expected to add significant claims and lead to a capital event for the Taiwan non-life industry. The recent earthquake is still the island’s largest in ... Read the full article
Slide secures $210m cat bond with closing of Purple Re Ltd.
10th April 2024
Slide Insurance, a technology enabled insurance firm, has finalised pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond, the biggest catastrophe bond yet from the company to date. From what Reinsurance News understands, Purple Re Ltd. provides 40% more in fully collateralized reinsurance than the initial target ... Read the full article
Howden Re bolsters International team with three hires
10th April 2024
Howden Re (formerly Howden Tiger), the reinsurance broking arm of Howden Group Holdings, has announced the addition of Terrence McDowell, Melodie Vanderpuye, and Hannah Ferriday Lanner to its International team. The rebranding to Howden Re was announced last week, and the trio of hires comes as the reinsurance broker continues ... Read the full article
Harrison appointed White Mountains EVP, Caffrey named President
10th April 2024
White Mountains Insurance Group, has appointed Giles Harrison as Executive Vice President and Chief Strategy Officer, and named Liam Caffrey President of White Mountains. Harrison, who will take over his new role on June 10, 2024, is joining White Mountains from Zurich’s subsidiary Farmers Group, Inc., where he most recently served ... Read the full article
Alliant expands into California through Vinsa Insurance Associates acquisition
10th April 2024
Alliant Insurance Services, an insurance brokerage and consulting firm, has expanded its presence in California through the recent acquisition of Vinsa Insurance Associates within its Alliant Public Entity division. Vinsa is an independent property and casualty insurance agency specialising in tailored and comprehensive insurance solutions for both commercial and personal lines, ... Read the full article
Tractable AI’s Aleksander Surowiak joins Previsico as Head of Sales
10th April 2024
Live flood forecasting Insurtech Previsico has hired Tractable AI's Aleksander Surowiak as Head of Sales to bolster Previsico’s growth and nurture pivotal partnerships across the insurance industry. Surowiak brings a vast degree of startup scaling experience towards the role, having previously spearheaded sales in Northern and Central Europe at Tractable AI. Previously, ... Read the full article
IDF aims to enhance infrastructure investment for climate resilience
10th April 2024
The Insurance Development Forum (IDF) has announced its intention to facilitate investments in robust infrastructure within the insurance sector to enhance the resilience of vulnerable communities in emerging economies against climate change and natural disasters. Michel Liès, chair of the IDF Steering Committee, explains, “The Insurance Development Forum is today issuing ... Read the full article
Newline Europe starts cyber business led by Johannes Beckers
10th April 2024
Newline Europe, a subsidiary of Newline Insurance Company Limited, has announced the appointment of Johannes Beckers as Head of Cyber for the Europe-wide expansion of its cyber insurance business. In his new role, based in Cologne, Beckers has been tasked to drive growth and the development of Newline Europe's cyber insurance ... Read the full article
Howden’s Sarah Hughes added to Board of London Market Group
10th April 2024
The London Market Group has announced that Sarah Hughes, CEO of Howden Specialty, has been added to its board as a representative of London & International Insurance Brokers Association (LIIBA). An experienced veteran across the sector, Hughes was appointed CEO of Howden Specialty in October, after joining as the firm's ... Read the full article
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