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Global Atlantic and MetLife sign $19.2 billion reinsurance agreement
25th May 2023
Leading financials services company Global Atlantic Financial Group and life insurer MetLife, Inc. have entered into a reinsurance agreement valued at $19.2 billion. The deal will see Global Atlantic reinsuring a diversified portfolio of MetLife's U.S. retail annuity and life insurance business, reinforcing Global Atlantic's position as a leading reinsurer in ... Read the full article
MetLife announces Bryan Boudreau as new Global Chief Actuary
24th March 2023
MetLife, Inc. has announced the appointment of Bryan Boudreau as Executive Vice President and Global Chief Actuary. Boudreau succeeds Andy Rallis, who will retire on the 10th of May 2023, after a 39-year career at MetLife where he was the Global Chief Actuary for the last 11 years. In the new ... Read the full article
UK bulk annuity market records total volume of £27.8bn in 2022: Aon
22nd March 2023
According to re/insurance broker Aon, the UK bulk annuity market recorded a total volume of £27.8 billion in 2022 and experienced its fourth successive year where more than £25 billion of business was written. In the firm’s latest UK Risk Settlement Market Update, it shows that rising market yields reduced the ... Read the full article
Vesttoo appoints Thomas Rose as Head of Capital Markets, North America
9th February 2023
Digital insurance risk transfer and investment platform Vesttoo has announced the hiring of capital markets executive Thomas Rose as its new Head of Capital Markets, North America. Rose holds more than two decades of experience, having previously held key positions at Barclays Global Investors, BlackRock, and Neuberger Berman. Before joining Vesttoo, he ... Read the full article
Skyward Specialty announces pricing of upsized IPO
16th January 2023
Skyward Specialty, a P&C insurance holding company part of Westaim Corporation, has priced its upsized initial public offering (IPO) of 8,952,383 shares of its common stock at a price of $15.00 per share, generating proceeds of around $134 million. This includes 4,750,000 common shares being offered by Skyward Specialty and 4,202,383 ... Read the full article
Skyward Specialty announces IPO with potential to generate $150m
5th January 2023
Skyward Specialty, a P&C insurance holding company part of Westaim Corporation, has launched its initial public offering (IPO) of its common stock, expected at $14.00 and $16.00 per share, with the potential to generate top-end proceeds of around $150 million. The offering consists of 4,750,000 shares of stock offered by Skyward ... Read the full article
Swiss Re appoints Nunes as MD, Global Head of Cloud & Infrastructure
5th December 2022
Reinsurance giant Swiss Re has appointed Vasco Nunes as Managing Director, Global Head of Cloud and Infrastructure. Nunes is well known across the insurance technology community. By taking on this role within a firm as large as Swiss Re, this is a major step forward within his career. Nunes joined Swiss Re ... Read the full article
RSA names two new Strategic Account Directors in Commercial Lines
22nd November 2022
RSA Insurance has announced that Marjorie Adejumo and Laura Fox have been appointed as Strategic Account Directors in its UK commercial lines business. Adejumo and Fox will be responsible for leading several of RSA’s strategic broker relationships, both are based in London and will report to Alex Hardy, Sales & Distribution ... Read the full article
Drew Kovalsky named VP, Credit Underwriter of Crum & Forster’s Credit Division
4th August 2022
Crum & Forster’s Credit Division has announced the appointment of Drew M. Kovalsky as Vice President, Credit Underwriter. Kovalsky, a Chartered Financial Analyst, is responsible for the research, evaluation and underwriting of Crum & Forster’s suite of credit insurance and alternative risk finance products for North American customers and other select ... Read the full article
Munich Re’s MEAG joins $500M equity investment in Longroad Energy
2nd August 2022
Longroad Energy Holdings has announced a $500 million equity investment by Munich Re’s MEAG. Longroad Energy affirmed that the investment will support their strategic shift from a primarily “develop to sell” business model, to one that is oriented more towards ownership. Longroad Energy says that this will accelerate the expansion of ... Read the full article
Ashish Patel named COO at Allianz
20th July 2022
Allianz Holdings has announced the appointment of Ashish Patel to the position of Chief Operating Officer (COO), effective from July 2022. In his new role, Patel will have responsibility for overseeing operations and technology. He will also join the Allianz Holdings Executive Committee. Patel has worked for the Allianz Group for nine ... Read the full article
Generali appoints Stefano Marsaglia to its board
18th July 2022
Assicurazioni Generali has appointed Stefano Marsaglia as a member of its Board, following the resignation of non-independent director Francesco Gaetano Caltagirone for undisclosed reasons. Stefano Marsaglia, who is 67 years old, has been appointed as an independent director. The Turin-born Italian citizen has a long experience in investment ... Read the full article
PIC appoints Weymouth as Chairman
12th July 2022
Pension Insurance Corporation plc (PIC) has announced that David Weymouth has been appointed Chairman of its Board, as well as Chairman of the Board of PIC’s parent company, Pension Insurance Corporation Group Limited (PICG). Weymouth will join both the PIC and PICG Boards on 1st October, 2022, and take up his ... Read the full article
AXA IM names Laurent Caillot Global Chief Operating Officer
1st July 2022
AXA Investment Managers (AXA IM) has announced the appointment of Laurent Caillot as Global Chief Operating Officer (GCOO) effective 1 September 2022. He will take over the role from Godefroy de Colombe, who is set to pursue a career in a new professional sector. Based in Paris, Caillot will be a member ... Read the full article
Tiptree confirms closing of $200m Fortegra investment
22nd June 2022
Holding company Tiptree has confirmed the closing of a previously announced $200 million strategic investment in its insurance subsidiary, The Fortegra Group, Inc., from Warburg Pincus, a global growth investor. First announced in October last year, the investment gives Warburg Pincus an approximately 24% ownership in Fortegra on an as-converted ... Read the full article