Reinsurance News
Oneglobal names Matthew Warren CEO, Middle East
9th September 2021
Oneglobal Broking has appointed Matthew Warren to lead its efforts in the Middle East as Chief Executive Officer, reporting directly to group CEO Mike Reynolds. Warren's appointment is expected to help Oneglobal build out its operations across the region; another step towards its long term expansion plans. He brings over 35 years' ... Read the full article
RGA inks longevity reinsurance deal with Athora Netherlands
9th September 2021
Global life and health reinsurer RGA has successfully completed a longevity reinsurance transaction with Athora Netherlands, a leading pension provider in the Dutch market. The transaction covers an inforce portfolio of around 46,000 individual annuity policies written by Athora in the Netherlands with total reserves of approximately €3.3 billion. As part of ... Read the full article
Neema launches K&R reinsurance product for Africa
9th September 2021
African specialist underwriting agency, Neema Insurance Managing Agency has launched a new Kidnap & Ransom (K&R) reinsurance product for its clients in Africa. Sharon Ng, Principal Officer of Neema, commented: “Kidnapping is on the rise and our product represents an excellent solution to the need of protection of our clients. “Following the ... Read the full article
Reinsurance buyers expect further price rises in low single digits: Moody’s
8th September 2021
The results of a new survey by Moody’s show that property and casualty (P&C) reinsurance buyers expect prices to rise further in 2022 across all lines, but only at a low single digit percentage range. This expectation compares with the high single digit or even double digit increases that the market ... Read the full article
Pen Underwriting hires Tom Dixon as Head of Technology
8th September 2021
Pen Underwriting has appointed Tom Dixon to the newly created role of Head of Technology as the company continues to invest in extending and diversifying its product offering. Dixon will report into Adrian Scott, Managing Director of International & Financial Lines at Pen Underwriting. He joins from Hiscox where he led its ... Read the full article
It’s an “arms race” between reinsurers: Everest Re CEO Andrade
8th September 2021
Recent years of heightened catastrophe activity, characterised by rising losses from secondary perils, has significantly changed the way the reinsurance industry views risk, contributing to an "arms race" as reinsurers look to leverage the latest technology and processes, according to Juan Andrade, President and Chief Executive Officer (CEO) of Everest ... Read the full article
AIG names Zaffino as Chairman of the board
8th September 2021
American International Group has appointed Peter Zaffino, current President & Chief Executive Officer, as Chairman of its Board of Directors. As previously announced, Brian Duperreault, currently Executive Chairman, will retire from the Board of Directors at the end of the year. Doug Steenland, Lead Independent Director commented: “The AIG Board of Directors ... Read the full article
Davies acquires Lloyd’s MGA Asta
8th September 2021
Specialist professional services and technology firm Davies has acquired Lloyd's third party managing agent Asta in an effort to add strength and reach to its global insurance services practice. London-based Asta was key in the development of Lloyd’s recent Syndicate-in-a-box (SIAB) framework and is seen as a way to widen Davies' ... Read the full article
Ryan Specialty exec Tom Clark to step down
8th September 2021
Ryan Specialty Group has announced the resignation of Tom Clark, who currently serves as Chief Executive Officer (CEO) of RSG Underwriting Managers. Clark will step down from his position as CEO of Ryan Specialty’s underwriting management business from September 30th, 2021. The company confirmed that Clark is leaving for personal reasons, and ... Read the full article
Tremor hits $500bn reinsurance capital milestone
8th September 2021
Programmatic re/insurance risk transfer marketplace Tremor surpassed $500 billion in reinsurance capital this month after signing its 115th reinsurer to its marketplace. Tremor says that it now provides insurance companies with direct access to more than 95% of the world’s reinsurance capacity across traditional reinsurers, Lloyd’s syndicates and ILS funds. In addition, ... Read the full article
Midwest hires Georgette Nicholas as President and CFO
8th September 2021
Technology-enabled, services-oriented life and annuity Midwest Holding has appointed Georgette Nicholas as President and Chief Financial Officer. Nicholas brings over 30 years of experience in the global financial services industry including insurance, reinsurance and capital markets. She has previously held the position of CEO and Managing Director for Genworth Mortgage Insurance Australia, ... Read the full article
UK care sector MGA Nivante launches on NuVenture platform
8th September 2021
London-based managing general agency (MGA) platform NuVenture has announced the launch of Nivante, a new MGA that will provide specialist combined insurance products for the UK care sector. Available only through brokers, Nivante will deliver liability, property damage, and medical malpractice solutions to a range of care organisations. The MGA is co-founded ... Read the full article
BMS adds Stephan Simon to Private Equity, M&A and Tax unit
8th September 2021
BMS, the independent specialist re/insurance broker, has appointed Stephan Simon as a director and head of warranty and indemnity insurance in the Private Equity, Mergers & Acquisitions (M&A) and Tax Insurance division. He will report to Tan Pawar, managing director and head of Private Equity, M&A and Tax for BMS in ... Read the full article
R&Q enters loss portfolio & reinsurance business transfer with Delvag
8th September 2021
Randall & Quilter Investment Holdings has announced that with the assistance of Black Forest Reinsurance Consulting (BFRC) and Guy Carpenter, it has transacted a Loss Portfolio Transfer of reinsurance business with Delvag Versicherungs-AG (Delvag). With this transaction Delvag reaches economic finality of a third-party reinsurance portfolio amounting to around EUR 22million ... Read the full article
SCOR unveils ambitious growth targets for 2022
8th September 2021
SCOR has unveiled a new set of ambitious growth targets as part of its strategic plans for 2022, which include a significant boost to premiums within its P&C business, as well as an increased focus on natural catastrophe lines of business. Alongside its Investor Day 2021, the reinsurer said it plans ... Read the full article