Reinsurance News

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DUAL Europe names Kajsa Peedu as Managing Director of Nordics

5th May 2023

DUAL Europe has appointed Kajsa Peedu as Managing Director of DUAL Nordics. Peedu, who has 29 years of experience in the insurance industry, will be based in Stockholm, Sweden, and will also oversee operations in Norway and Denmark. This move is expected to give DUAL a reach in 17 European countries. Peedu ... Read the full article

How new regulations affect the re/insurance market will be a big theme going forwards: Spring’s Thomas

4th May 2023

In the past few years, governments, and businesses all over the world have been preoccupied with the Covid-19 pandemic and its aftermath, which likely put a number of regulatory/legal changes on hold. As these new regulations now start to come into effect, the re/insurance industry will slowly start to see what ... Read the full article

Aon names Andy Marcell CEO of Risk Capital under new structure

4th May 2023

Global professional services firm Aon has announced the appointment of Andy Marcell to the expanded role of CEO of Risk Capital, covering Commercial Risk and Reinsurance, as part of a push for more integration under its Aon United strategy. The strategy aims to align Aon’s content and creation capabilities around two ... Read the full article

Munich Re Specialty Group launches Green Solutions portfolio to support net-zero ambitions of clients

3rd May 2023

Munich Re Specialty Group, a division of reinsurance giant Munich Re, has launched Green Solutions, a range of insurance products and services designed to support the net-zero ambitions of its customers. The portfolio has been created to establish the group as a leading provider of commercial specialty and primary green insurance ... Read the full article

Brokerslink launches new Risk Management Practice

3rd May 2023

Global broking business Brokerslink has announced the launch of a dedicated Risk Management Practice (RMP) to provide its partners and affiliates with access to single-access specialist consultancy service. Led by Jorge Luzzi, the CEO of Brokerslink partner RCG Global, brings together the risk management skills, knowledge and expertise of network specialists. Working ... Read the full article

Applied Underwriters developing InsurTech tools to help brokers with clients’ medicare needs

2nd May 2023

Applied Underwriters has announced that it is completing the development of EOS, an MGA and technology platform for use by independent agents and brokers in offering the best available healthcare arrangement for their clients' Medicare needs. The Medicare buying decision is mandatory, occurring annually for most people in the US age ... Read the full article

Tom Johansmeyer leaves PCS to join reinsurance broker Inver Re as Global Head of Index

1st May 2023

The Head of Verisk's Property Claim Services (PCS) business, Tom Johansmeyer, is leaving the firm after 11 years and is set to join Inver Re, the reinsurance broking arm of the Ardonagh Group, as its new Global Head of Index products. Johansmeyer first joined Verisk in 2012 as Director of Marketing ... Read the full article

Global commercial insurance pricing rose 4% in Q1 2023: Marsh

28th April 2023

According to the latest Global Insurance Market Index from Marsh, global commercial insurance pricing rose 4% in the first quarter of 2023, the same as in the prior quarter. This will be the twenty-second consecutive quarter in which composite pricing rose, which continues the longest run of increases since the inception ... Read the full article

Munich Re launches ‘innovative’ coverage for AI solutions

28th April 2023

Munich Re has launched aiSelf™, an "innovative" coverage for users who implement self-developed Artificial Intelligence (AI) solutions in their own companies. "This new cover enables you to mitigate the underperformance, unreliability and drift of machine learning models," Munich Re said. Munich Re provides insurance coverage to protect companies from potential financial losses ... Read the full article

Berkshire (BHSI) promotes James Byrnes to Head of Construction Professional, NA

27th April 2023

Berkshire Hathaway Specialty Insurance (BHSI) has promoted James Byrnes to Head of Construction Professional, North America. Previously, Byrnes held the role of Vice President, Construction, for BHSI’s US Eastern Region. Overall, Byrnes has nearly 20 years of experience within the industry. Before he joined BHSI, he spent more than a decade on ... Read the full article

Markel hires new MD, Global Head of Cat and Exposure Management

26th April 2023

Markel Corporation has announced the hire of Amandeep Dhillon as its new Managing Director, and Global Head of Catastrophe and Exposure Management. Dhillon will be based in Markel's Glen Allen, Virginia office and will report to Kryszon. Dhillon’s remit in this role includes leading Markel's approach to catastrophe and exposure management across ... Read the full article

DeNexus to partner with NAES Corporation

21st April 2023

NAES Corporation, a provider of operations, maintenance for power generation services companies, has partnered with cyber risk modeller DeNexus, to understand, quantify, plan and mitigate risk of cyber events to critical infrastructure. Through this collaboration, NAES - a company dedicated to optimising the performance of energy facilities across the power generation, ... Read the full article

Italian retail insurance broker Double S rebrands to Acrisure

21st April 2023

Italian retail insurance broker Double S Insurance Broker S.p.a. (Double S) rebranded to Acrisure, effective immediately. Acrisure, global insurance broker and fintech leader, entered the Italian market in 2021 through a partnership with Double S. In the future, the team of Double S will operate under the name of Acrisure and serve ... Read the full article

At-Bay appoints Ari Fischel as Chief Financial Officer

20th April 2023

Cyber insurance provider At-Bay has announced that it has appointed Ari Fischel as its Chief Financial Officer (CFO). An experienced industry veteran, Fischel brings more than 20 years of financial and operational expertise towards At-Bay's executive team. At-Bay also confirmed that Fischel will join the board of At-Bay’s Specialty Insurance Company, Read the full article

Intangic MGA appoints Debbie Durkan as Commercial Director

20th April 2023

Newly launched cyber underwriter Intangic MGA has named Debbie Durkan as Commercial Director to drive growth and distribution. Durkan holds more than two and half decades of industry experience, having most recently served at Marsh, where she was Chief Client Officer for the UK Commercial group. She has also operated as ... Read the full article