Reinsurance News
Munich Re completes final certification of photovoltaic warranty insurance with Sunova Solar
4th October 2023
Munich Re Green Tech Solutions has completed its final certification of photovoltaic warranty insurance with Sunova Solar, a Tier 1 global energy solutions business that designs and manufactures clean renewable energy components. During a recent signing ceremony at the company’s global Sunova headquarters, William Sheng, CEO of both Thornova and Sunova ... Read the full article
AssuredPartners names Joe Braunstein as Aerospace Managing Director
4th October 2023
Orlando domiciled insurance brokerage AssuredPartners has announced the appointment of Joe Braunstein as its Aerospace Managing Director effective September 18th, 2023, reporting to Eric Barfield, President of the division. Braunstein will be tasked with include leading the Aerospace client and carrier relationship strategy, helping direct and coordinate business opportunities, and assisting ... Read the full article
Verisk makes two new hires to drive growth in the UK insurance market
3rd October 2023
Global data analytics and technology provider, Verisk, has made two new hires within UK sales and business development, as part of the firm's international insurance market growth strategy. The company has appointed Robert Stewart as Director of Business Development at Verisk Underwriting Solutions, and Neil Garrett as Sales Director. In his new role ... Read the full article
Tryg to undergo a number of strategic and structural changes
3rd October 2023
Scandinavian insurance company Tryg has announced strategic and structural changes - including the merging of two lines and the redundancy of hundreds of employees - aimed to enhance the company’s competitiveness and resilience both short and long-term. This move follows the recent growth Tryg has experienced as it has undergone a ... Read the full article
Lloyd’s emphasises need to regularly check validity of LOCs as marketplace adjusts guidance
3rd October 2023
London-based specialist insurance and reinsurance marketplace, Lloyds, has issued a new market bulletin for members which outlines some changes to the use of letters of credit (LOCs) within Tier 2 capital limits, and underlines the need for frequent confirmation of the validity of each LOC issued. It appears as though this ... Read the full article
Boost Insurance enters strategic partnership with Canopius US Insurance Holdings
3rd October 2023
Boost Insurance, a leading insurance infrastructure platform, has announced a strategic partnership with Canopius US Insurance Holdings, Inc., a subsidiary of the Canopius Group. This partnership aims to provide long-term risk capacity for insurance programs powered by Boost's digital MGA (Managing General Agent) platform. Boost's full-stack platform offers compliance, capital, and technology ... Read the full article
WTW names Hannah Fearn Director, Financial Solutions
3rd October 2023
Insurance broker WTW, has announced the appointment of Hannah Fearn as Director of the Financial Solutions team. Fearn brings over 15 years of trade finance and insurance experience to her new role. She joins WTW from the law firm Sullivan & Worcester, where she served as a managing associate, specialising in ... Read the full article
McGill and Partners to move into new London office
3rd October 2023
Global specialty re/insurance broker, McGill and Partners is to move to a brand-new office space in the heart of the City of London’s insurance district. The broker has a heads of agreement with M&G to move into 40 Leadenhall London. A building that, when completed, will become an icon at the ... Read the full article
Nicole Lim named Chief Executive & Principal Officer of Liberty Specialty Markets, Singapore
3rd October 2023
Liberty Specialty Markets (LSM) is pleased to announce the appointment of Nicole Lim as Chief Executive & Principal Officer, Singapore, effective January 2, 2024, subject to regulatory approval. Lim initially joined Liberty in 2003 and has since held various key positions within the industry. Her journey includes pivotal roles at Allianz Global ... Read the full article
Bank of England to develop new lending tool for insurers
3rd October 2023
The Bank of England (BoE) is planning to develop a new lending tool for insurers, and other non-bank financial institutions like pension funds, to provide access to emergency cash during times of market stress. This new tool is to be created to help avoid a repeat of last year's bond market ... Read the full article
Canada Life completes its third deferred member buy-in
3rd October 2023
The Andrews Sykes Group Pension Scheme has insured the benefits of its defined benefit pension scheme with Canada Life in a transaction of £30 million, following a competitive tender process run by leading pensions and financial services consultancy, Hymans Robertson. This now marks the third deferred member transaction Canada Life has ... Read the full article
Palisade adds two industry veterans to support growing specialty risk insurance platform
3rd October 2023
Independent Specialty managing general underwriter (MGU) Palisade Insurance Partners, LLC, has announced the appointment of Scott Stevenson as Head of US Risk and Mark de la Haye as Head of UK and Europe Risk. Palisade specialises in underwriting insurance for litigation and other contingent legal risks, and transaction insurance. Bringing to his ... Read the full article
The industry needs to share the knowledge it gains to help towards global resilience: BMS Re’s Chandler
3rd October 2023
During a recent interview with Reinsurance News, BMS Re's President & Chief Executive Officer, US, Pete Chandler discussed what areas of growth he hopes to see within the company over the next few years. He explained that BMS Re is very excited about what is currently taking place within the organization ... Read the full article
Topsail Re names Trina Gooch Director of Client Services
3rd October 2023
Topsail Re has announced the appointment of Trina Gooch as Director of Client Services. Topsail Re describes Gooch as a seasoned reinsurance professional who holds over three decades of primary and reinsurance underwriting, management, and regulatory experience in Property and Casualty lines of business. Prior to joining Topsail Re, Gooch was the ... Read the full article
Moody’s upgrades Coface’s credit rating to A1 IFSR with stable outlook
3rd October 2023
Leading credit rating agency Moody's has upgraded the Insurance Financial Strength Rating (IFSR) of Coface, a prominent player in the credit insurance industry, from A2 to A1. Additionally, Moody's has revised the outlook for Coface to 'stable' from 'positive.' These changes signify a vote of confidence in Coface's financial stability and ... Read the full article
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