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Reinsurance News – Wednesday 30th November 2016
30th November 2016
Here’s your daily Reinsurance News for Wednesday 30th November 2016: Arch Capital to raise $950 million to help finance United Guaranty deal Arch Capital Group Ltd. is looking to raise $950 million in debt to help finance its acquisition of AIG's United Guaranty division. The firm also revealed that some ... Read the full article
Reinsurance News – Friday 18th November 2016
18th November 2016
Here’s your daily Reinsurance News for Friday 18th November 2016: New Zealand quake estimated at up to $3.5bn industry loss The magnitude 7.8 earthquake that struck the southern island of New Zealand recently could cost the insurance and reinsurance industry as much as $3.5 billion, according to AIR Worldwide. ... Read the full article
Reinsurance News – Friday 4th November 2016
4th November 2016
Here’s your daily Reinsurance News for Friday 4th November 2016: IAG adding to NZ quake reinsurance reflects ongoing loss creep It's been revealed that IAG New Zealand has extended its reinsurance cover to help pay for claims from the Canterbury quakes, purchasing $900 million of adverse development cover. Read the full article
Reinsurance News – Monday 26th September 2016
26th September 2016
Here’s your daily Reinsurance News for Monday 26th September 2016: The first downturn when reinsurers still make cost-of-capital: J.P. Morgan Analysts at J.P. Morgan have said that despite the softening reinsurance cycle and continued rate declines, the four big European reinsurers could still cover their cost-of-capital. Munich ... Read the full article
Reinsurance News – Thursday 18th August 2016
18th August 2016
Here’s your daily Reinsurance News for Thursday 18th August 2016: H1 insured cat losses up to $31 billion in 2016: Swiss Re Reinsurance giant Swiss Re has said the natural and man-made catastrophe losses in the first-half of 2016 cost insurers roughly $31 billion, a rise of 51% as ... Read the full article
Reinsurance News – Thursday 11th August 2016
11th August 2016
Here’s your daily Reinsurance News for Thursday 11th August 2016: Beazley adds parametric rainfall cover to event cancellation product London-based insurer and reinsurer Beazley has launched Cancellation Plus in the UK, a parametric rainfall solution that provides event organisers with protection against reduced revenue owing to rainfall occurrence. ... Read the full article
Reinsurance News – Friday 29th July 2016
29th July 2016
Here’s your daily Reinsurance News for Friday 29th July 2016: Swiss Re's P&C Re segment hit by cat losses, reports Q2 underwriting loss Reinsurance giant Swiss Re has reported its Q2 2016 results, posting a group net income of $637 million. The firm's P&C Re segment was hit by catastrophe ... Read the full article
Hippo hires Peter Piotrowski as Chief Claims Officer
10th August 2023
Home insurance group Hippo has hired Peter Piotrowski as Chief Claims Officer (CCO), where he will lead claims for Hippo Insurance Services. In the role, Piotrowski will oversee the company's claims services to provide Hippo's customers with a technology-enabled, industry-leading claims experience. At the same time, he will also serve as a ... Read the full article
Ambac appoints Michael Price and Kristi Matus to its Board of Directors
30th June 2023
Ambac Financial Group, Inc., a financial services holding company, has announced the appointment of Michael D. Price and Kristi A. Matus as members of its Board of Directors, effective immediately. Matus will be a member of the Board’s Audit and Compensation committees, while Price will be a member of the ... Read the full article
Crum & Forster appoints Sipple as SVP, Inland Marine
22nd February 2023
Crum & Forster, a Fairfax Holdings insurance company, has announced that Michelle Sipple has joined the company as Senior Vice President of the Inland Marine practice within its Property Lines Division. In the role, she will be responsible for strategic initiatives to drive growth and profitability for the company's inland marine book. An ... Read the full article
Munich Re Specialty appoints new Head of Inland Marine
10th August 2022
Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant Munich Re, has announced the appointment of Jaymee Parker as Vice President and Head of Inland Marine. Parker is an experienced insurance and risk management professional with strong leadership and sales experience. She specializes in Inland Marine insurance and ocean ... Read the full article
Wave of new sponsors help Q2 catastrophe bond issuance hit $5.2bn: Report
5th July 2022
Artemis' second-quarter 2022 catastrophe bond and related insurance-linked securities (ILS) market report pegs issuance at approximately $5.2 billion for the period, which takes the outstanding market to a new high of $38.2 billion. The Artemis Q2 2022 Catastrophe Bond and ILS Market Report, which examines 27 transactions ... Read the full article
Ledgebrook names Steve Mills as new President, E&S
30th June 2022
Ledgebrook, a tech-enabled E&S MGA, has appointed E&S veteran Steve Mills as the company’s President, E&S. He will be responsible for delivering wholesale brokers a best-in-class experience across Ledgebrook's E&S product lines. Prior to joining Ledgebrook, Mills served as President, E&S at The Hanover Insurance Group. Mills brings with him 30+ years of ... Read the full article
Amynta hires Brad Isaacson as SVP, Program Development
10th February 2021
Amynta Group has appointed Brad Isaacson as Senior Vice President of Program Development. He brings over 30 years of experience and will be responsible for driving new program development opportunities and helping manage carrier relations and reinsurance alliances across the organisation. Isaacson joins from The Hanover Insurance Group, where he served as ... Read the full article
HIIG launches E&S brokerage business unit
2nd September 2020
International specialty insurance group, Houston International Insurance Group has announced that it has launched an E&S Brokerage business unit to provide liability and property solutions to the wholesale brokerage market. Mark Boland will be leading the unit with support from a team of underwriters. Boland previously held roles as President, E&S at ... Read the full article