Reinsurance News
Assurex Global appoints Jamie Gregory as SVP, P&C Carrier Strategies
13th September 2023
Commercial insurance, risk management and employee benefits brokerage group, Assurex Global, has announced the appointment of Jamie Gregory as Senior Vice President, P&C Carrier Strategies. Gregory’s remit includes leading the company’s P&C carrier development and engagement strategy. He will also explore new carrier relationships alongside the property/casualty team at Assurex Global, and contribute ... Read the full article
AgriSompo appoints Mondale Smith as SVP and International Operations Deputy
13th September 2023
Property and casualty re/insurer Sompo International has announced the appointment of Mondale Smith as AgriSompo’s Senior Vice President and International Operations Deputy. AgriSompo is the company’s multinational crop insurance platform. Smith will report to Marji Guyler-Alaniz, President of AgriSompo International. In this newly created role, Smith’s remit will include oversight of AgriSompo’s day-to-day ... Read the full article
RT Specialty names Jim Mitchell as President, national workers’ comp practice
13th September 2023
Ryan Specialty’s wholesale distribution specialty, RT Specialty, has announced the promotion of Jim Mitchell to President of its national workers’ compensation practice. The appointment is effective immediately. Mitchell has been with RT Specialty since 2020, joining with the acquisition of All Risks, Ltd. He has experience in leadership in designing proprietary workers’ ... Read the full article
AXA XL names Odette Novoa Underwriting Manager, Fine Arts & Specie
13th September 2023
AXA XL has appointed Odette Novoa as Underwriting Manager, Fine Arts & Specie for the US Central Region. For the new role, Novoa is charged with managing all aspects of the underwriting operations within the central region. This includes portfolio profitability, account pricing, portfolio rate change, renewal retention, marketing, new business production, ... Read the full article
Lockton Re launches global mortgage and structured credit segment
13th September 2023
Global reinsurance broker Lockton Re has announced the launch of its Global Mortgage and Structured Credit segment, which will be co-led by Sean Hannah and Joe Koebele. Nick Durant, CEO, North America, Lockton Re, commented on the new segment, “We are excited to introduce our Mortgage and Credit offering to the ... Read the full article
Non-cat space really attractive for Conduit Re: CEO Carvey
12th September 2023
Bermuda-based reinsurer Conduit Re has deployed more capital into non-cat classes of business and continues to explore opportunities in increasingly attractive areas, Chief Executive Officer (CEO) Trevor Carvey told Reinsurance News in Monte Carlo. As the reinsurance industry meets in Monaco for the 2023 edition of the annual Rendez-Vous De Septembre, ... Read the full article
BMS Group acquires Smith & Reid Insurance Brokers & O’Neil Insurance
12th September 2023
BMS Group has acquired Canada-domiciled insurance brokers, Smith & Reid Insurance Brokers Ltd and O’Neil Insurance. Led by President Jeff Smith and Vice-President Dan Reid, Smith & Reid Insurance Brokers provides expertise in specialised lines of business, including construction, real estate portfolios, oil and petrol distribution and auto dealerships. The two executives will ... Read the full article
Envelop Risk launches Cyber Partnership Platforms
12th September 2023
Envelop Risk, the data-driven cyber (re)insurance and analytics specialist, has launched its Cyber Partnership Platforms - a programme for cedents wishing to either enter the cyber risk market or expand their existing participation. Envelop explained the initiative is designed to enable cedents to "grasp the opportunity cyber presents in a controlled, ... Read the full article
Demonstrating value of insurance products, a main driver of the protection gap: AM Best
12th September 2023
With re/insurers facing a growing protection gap, they are struggling to demonstrate the value of their products as well as to price them in a way they can provide suitable returns, according to Greg Carter, Managing Director, Analytics EMEA & Asia Pacific at AM Best. Speaking at the AM Best briefing ... Read the full article
BlackRock’s Aladdin technology: Touching all aspects of an evolving investment ecosystem
12th September 2023
Unifying the investment management process on BlackRock’s technology platform, Aladdin promotes the creation of a surface for data to flow, enabling integration and data consistency for clients, according to David Schneid, General Manager of Aladdin Accounting. The platform combines sophisticated risk analytics with comprehensive portfolio management, trading, operations, ... Read the full article
Global tensions and inflation impact marine and energy reinsurance market: Guy Carpenter
12th September 2023
In a recent assessment of the Marine and Energy reinsurance market, Guy Carpenter, a leading global risk and reinsurance specialist, has highlighted key market trends and challenges that are reshaping the industry. The ongoing Russia-Ukraine conflict is presenting formidable challenges for the energy market. Global sanctions have led to a reduction ... Read the full article
MS Transverse names Chris Cebula as Senior Vice President of Reinsurance
12th September 2023
MS Transverse, a leading figure in the reinsurance industry, appointed Chris Cebula as Senior Vice President of Reinsurance. With a distinguished career spanning numerous accomplishments within the reinsurance sector, Cebula brings a wealth of knowledge and expertise to the team at a pivotal moment in the market. In his new role, Cebula ... Read the full article
Trium Cyber names Joseph Dumas as Head of Risk and Analytics
12th September 2023
Trium Cyber, the renowned cyber insurance specialist affiliated with Lloyd's of London, has announced the appointment of Joseph Dumas as the Head of Risk and Analytics for its US-based services company. This significant addition to the team was confirmed by CEO Josh Ladeau, who expressed the company's commitment to providing top-tier ... Read the full article
Market environment a “generational opportunity” for reinsurers: Howden Tiger
12th September 2023
"The current market environment is arguably a generational opportunity for reinsurers, with risk-adjusted rate increases across property-catastrophe lines at their highest levels since the advent of catastrophe modelling and quantitative risk adjustments," suggests Howden Tiger. Citing its own data, Howden Tiger said that global property-catastrophe rates increased by over 50% cumulatively ... Read the full article
Investor sentiment for accessing Lloyd’s is really encouraging: Argenta
12th September 2023
A perfect storm of premium rating, investment earnings on premiums and reserves, as well as the impressive half-year performance of Lloyd’s, means investors are expecting good things from accessing the returns of the oldest insurance market in the world, according to Argenta Private Capital Limited (APCL). Reinsurance News spoke with Robert ... Read the full article
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