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Tokio Marine HCC appoints Thomas Harmeyer as EVP

6th November 2019

Specialty insurance group Tokio Marine HCC has announced the appointment of Thomas Harmeyer as Executive Vice President (EVP), effective October 1, 2019. Harmeyer joined Tokio Marine HCC in 2003 and most recently served as Executive Chairman for its Cyber & Professional Lines and Public Risk Groups. Previously, he has held positions including ... Read the full article

37% rise in ransomware attacks reported by Beazley

4th November 2019

Data from specialist insurer Beazley shows a 37% rise in ransomware attacks against the previous quarter, as cyber criminals look to exploit weak security programs of IT vendors. 24% of ransomware incidents reported to Beazley’s in-house breach response team were found to have originated with attack on an IT vendor or ... Read the full article

Hiscox grows premiums 7% YTD, sees more rate firming ahead

4th November 2019

Hiscox Group has grown its overall business by more than 7% in 2019 so far, as the insurance and reinsurance company takes advantage of higher rates and looks forward to what it believes will be a third year of firming prices in the London market. Hiscox has experienced growth across its ... Read the full article

Argo announces new US reporting structure

1st November 2019

Specialty re/insurer Argo has announced a new reporting structure for the Americas aimed at maintaining operational excellence and providing additional senior leadership to the region. The new structure will be led by three newly appointed executive vice presidents, all of whom will report to Kevin Rehnberg, president, group Chief Administrative Officer ... Read the full article

PCS announces new solution for large onshore property losses

30th October 2019

PCS, a Verisk business, has announced the launch of PCS Global Large Loss, a new specialty lines loss aggregation and reporting solution for large onshore property loss events. Available starting January 1, 2020, the PCS Global Large Loss index will include an industry loss estimate number for qualifying events, including property ... Read the full article

Markel streamlines wholesale team, appoints Hastings to lead

25th October 2019

Specialist insurer Markel International has announced a streamlining of its wholesale business, adding James Hastings as managing director of the unit and splitting into seven divisions. Hastings has been with the firm since 2013, most recently serving as head of the specialty lines division. He will report to president of Markel International ... Read the full article

Growth & efficiency underpin Swiss Re’s strategy, says Fernando Villar

23rd October 2019

Swiss Re’s success in the EMEA region is underpinned by the development of innovative solutions to promote growth, unlock new efficiencies, and optimise profitability, according to Fernando Villar, COO and Head of P&C Client Solutions EMEA at Swiss Re. Villar spoke to Reinsurance News about the reinsurer's strategy in an interview ... Read the full article

Risk Strategies names Bob Dubraski as Chief Growth Officer

23rd October 2019

Risk Strategies, a privately held US insurance broker and risk management firm, has announced the appointment of Bob Dubraski as Chief Growth Officer. The appointment represents an expansion of Dubraski’s current role as National Health Care Practice Leader, and will see him work with all of Risk Strategies’ business units to ... Read the full article

Lockton to provide Vizient members with P&C solutions

23rd October 2019

Re/insurance broker Lockton Companies has entered into an agreement with a subsidiary of Vizient, Inc., Vizient Insurance Services, LLC to offer property and casualty (P&C) insurance solutions and services for Vizient members. The contract became effective on July 1st, 2019 and under the terms of the agreement, Lockton now offers Vizient ... Read the full article

Reinsurance News Monte Carlo Executive Roundtable 2019

23rd October 2019

Introducing Reinsurance News’ first ever Monte Carlo Rendezvous Roundtable event, where industry executives examined disruption, catastrophe modelling and other key fundamental shifts currently sweeping the market. With our executive panel spoilt for topics to pick apart and discuss, focus first settled on the record catastrophe years in 2017 and ... Read the full article

Reinsurance News Executive Roundtable Event Reports

23rd October 2019

Download our Executive Roundtable Event Reports We host Reinsurance News executive roundtable events, at which leading industry figures from the insurance and reinsurance world meet to discuss market trends, innovation, opportunities and the state of the wider reinsurance and risk transfer market. Each roundtable report is available to download and read below. Read the full article

Reinsurance leaders reflect on Industry 4.0 readiness at Baden-Baden

21st October 2019

At a symposium hosted by reinsurance brokerage Guy Carpenter at this year’s Baden-Baden conference, senior re/insurance figures provided a range of insights into the industry’s readiness to adapt and harness the benefits inherent to the tech-driven Industry 4.0. With the needs of clients in constant flux and business efficiency and interconnectedness ... Read the full article

Rate divergence continues for upstream & downstream energy: Marsh JLT Specialty

17th October 2019

A new report from Marsh JLT Specialty has highlighted the ongoing divergence in rates between upstream and downstream energy markets, as the upstream market continues to struggle to achieve meaningful increases. In contrast, downstream energy rates are gaining more traction, driven by withdrawals and cutbacks in capacity. Other specialty lines – including ... Read the full article

Price Forbes sets up US healthcare practice, names heads

15th October 2019

Independent Lloyd's of London insurance broker Price Forbes has launched a US Healthcare practice, to be led by Paul Voller and David Fairbank. Based out of London, the practice will arrange insurance, captive reinsurance and treaty protection for Price Forbes clients, complimented by placements for cyber protection. Voller most recently served as ... Read the full article

EmergIn Risk announces key hires to Miami, NYC offices

14th October 2019

EmergIn Risk, part of Ryan Specialty Group, has appointed David Overton and Ryan Kratz as director of sales and underwriter-cyber, respectively. Based in the EmergIn’s newly opened Miami office, Overton will oversee the development of growth globally and distribution strategy. He brings over 20 years’ experience and joins from Integro Insurance Brokers, ... Read the full article