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Beazley adds senior specialty lines underwriter from Markel

16th December 2019

Specialist insurer Beazley has bolstered its underwriting capabilities for specialty lines in Spain with the appointment of Gabriel Rodríguez as a senior specialty lines underwriter. Rodríguez joins a team led by Francisco Antonio Alcaide and will support the rollout of Beazley's e-trading platform, myBeazley. He joins from Markel, having served as ... Read the full article

Bermuda market praises regulator for obtaining Reciprocal Jurisdiction status

12th December 2019

Bermuda's global insurance and reinsurance market has praised the efforts of the Bermuda Monetary Authority (BMA) in light of the island being granted Reciprocal Jurisdiction status by The National Association of Insurance Commissioners (NAIC). Announced yesterday, Bermuda is one of only three jurisdictions to receive this elevated status, which was ... Read the full article

QOMPLX & Pro MGA Solutions partner to support parametric product launch

11th December 2019

Analytics and insurance software provider QOMPLX has expanded its strategic relationship with Pro MGA Solutions in the UK, in support of the launch of its new multi-peril parametric insurance product. QOMPLX recently announced the launch of its parametric offering, WonderCover, which was developed in partnership with international specialty re/insurance group ... Read the full article

Kovrr recruits Marco Lo Giudice from Tokio Millenium Re

11th December 2019

Israel-headquartered cyber risk modeller Kovrr has expanded its team with the addition of Marco Lo Giudice, who arrives from Tokio Millenium Re. He will be responsible for spearheading Kovrr’s efforts as it further grows its modelling and portfolio accumulation management capabilities. Lo Giudice has worked in the catastrophe modelling and exposure management ... Read the full article

QOMPLX, Chaucer launch multi-peril parametric product for SMEs

11th December 2019

Analytics and insurance software provider QOMPLX has partnered with international specialty re/insurance group Chaucer on a multi-peril parametric insurance product aimed at small to medium-sized enterprises. WonderCover will first be made available in the UK and offer protection triggered by specific instances of cyber, IT interruption, and terrorism. This parametric product allows ... Read the full article

AM Best maintains stable outlook on reinsurance in 2020

6th December 2019

Rating agency AM Best has maintained its stable market outlook on the global reinsurance industry for 2020, citing a stabilised pricing environment, alignment with third party capital, and support from life segment results. Analysts felt that reinsurers in the non-life segment were also gaining more favourable momentum in the face of ... Read the full article

Guy Carpenter & Victor target enhanced US public entity offering

5th December 2019

Guy Carpenter, the reinsurance broking arm of Marsh & McLennan, has announced that Victor US, which is the US business of affiliate Victor, is to offer Guy Carpenter clients who are members of US public entity insurance pools with a range of property and casualty (P&C) solutions not traditionally offered ... Read the full article

Marsh names Anita Sathe global head of Bluestream platform

4th December 2019

Global re/insurance brokerage Marsh has appointed Anita Sathe global leader of its cloud-based digital broker platform Bluestream, as well as leader of its US Affinity business. Sathe is based in Portland, Oregon and will report to Kevin Tobin, president of Marsh’s Insurance Services Group. She brings over 15 years’ experience to the ... Read the full article

Beazley appoints Rozina Karimali as exec risk underwriter

3rd December 2019

Specialist insurer Beazley has named Rozina Karimali as executive risk underwriter within the company’s cyber & executive risk division. Based in San Francisco, Karimali will underwrite public directors & officers and large private D&O risks as well as employment practices liability. She joins from Allied World having most recently served as an ... Read the full article

AM Best highlights performance of Bermuda, Cayman & Barbados captives

2nd December 2019

AM Best analysts have found captive insurance companies in Bermuda, Cayman Islands and Barbados to be outperforming the segment’s counterparts in the commercial casualty sector. In addition, a new milestone was reached in 2018 when net premiums earned surpassed $3.5 billion for the first time. A new AM Best market report explains ... Read the full article

A changing environment shouldn’t change your strategy: PartnerRe’s Colello

29th November 2019

Reinsurers should not be looking to alter their strategy in response to changing market conditions, but should instead be focusing on consistency and execution, according to Jon Colello, CEO for P&C Americas and President of PartnerRe. Speaking in an interview with Reinsurance News, Colello acknowledged that both insurers and reinsurers were ... Read the full article

Cooper Gay France acquires Belgian unit from Tokio Marine Kiln

29th November 2019

Cooper Gay (France) SAS (CGF), the French MGA owned by Ed Broking, has announced that it plans to acquire a Belgium headquartered service company from Tokio Marine Kiln. Following the acquisition, Tokio Marine Kiln Europe SA (TMKE) will combine with CGF to create a single business, to be named Cooper Gay. CGF ... Read the full article

Climate risk among top concerns for airports: Willis Towers Watson

28th November 2019

Re/insurance broker Willis Towers Watson has highlighted climate risk as among the top risks currently faced by airports. As part of a recent conference held by the Willis Towers Watson Airport Risk Community (ARC), the broker found that 86% of the audience felt that airports are either very exposed or somewhat ... Read the full article

Hiscox expands partnership with insurtech INSTANDA

28th November 2019

Specialist re/insurer Hiscox has expanded its partnership with INSTANDA, the cloud-based digital insurance platform. This enhanced partnership is designed to build critical distribution through the deployment of the INSTANDA platform and has been extended to manage both direct-to-consumer and broker products in four countries. This announcement follows the successful launch of Hiscox’s ... Read the full article

M&A insurance use up in 2019, market value at $2.3bn: Aon

26th November 2019

Around 3,200 deals were transacted globally in 2018 using warranty and indemnity (W&I) insurance, with market value reaching $2.3 billion, according to a new report from re/insurance broker Aon. The report found that market value was up 35% from 2014, with demand for merger and acquisitions (M&A) insurance products driven by ... Read the full article