Reinsurance News

AmWINS

Climate change an increasing issue in reinsurance pricing: Amwins

25th April 2022

Ongoing climate change is set to factor into pricing thinking for property reinsurers, inhibiting pricing reductions in the near term. That is the message from Jessica Zuiker, assistant national property practice leader with Amwins Group, alongside Rich DiClemente, president of Amwins Re. The pair pointed to last year’s losses due to ... Read the full article

2022 will likely be an underwriters market: Amwins

22nd April 2022

According to specialty insurance wholesaler Amwins, it’s likely that it will continue to be an underwriter’s market with limited capacity, increased rate conditions, and little tolerance for sub-par controls through 2022 and likely beyond. “The best thing agents and brokers can do for their clients is to think like an underwriter ... Read the full article

Hard market becoming increasingly risky and challenging for insurers: Amwins

12th April 2022

Specialty insurance wholesaler, Amwins has stated that the insurance industry continues to navigate the domestic and international challenges of the toughest market conditions most have ever seen. As the industry entered into the second quarter of 2022, the broker expected to see more of a “slowdown” of the hard market conditions, ... Read the full article

D&O remains challenging for pricing and capacity: Amwins

4th April 2022

According to specialty insurance broker Amwins, the Directors and Officers (D&O) market remains in a holding pattern with 5% to 10% price increases as the world continues to experience economic uncertainty in the aftermath of the pandemic. The D&O market for Initial Public Offerings (IPO) and Special Purpose Acquisition Companies (SPAC) ... Read the full article

Amwins Special Risk Underwriters partners with Obsidian

23rd March 2022

Amwins Special Risk Underwriters (SRU) has partnered with Obsidian, a hybrid fronting program carrier, which delivers primary commercial auto solutions for established fleets, marking SRU's expansion beyond the property and management liability products, focusing on underserved mid-fleet trucking accounts. SRU has built a business on providing quality underwriting programs exclusively for ... Read the full article

Amwins Brokerage names two new presidents

6th January 2022

Amwins has appointed Sam Baig and Jeff McNatt as presidents of Amwins Brokerage, succeeding James Drinkwater who has served as president of the Brokerage division since 2008. Drinkwater was also named president of Amwins Group in 2018 and will now directly focus on his roles as president of Amwins and executive ... Read the full article

Amwins Global Risks hands Nate Mathis permanent CEO role

8th December 2021

Amwins Global Risks, the international arm of global specialty insurance broker Amwins, has appointed Nate Mathis as its new Chief Executive Officer (CEO). Mathis was appointed as interim CEO in September after three years as Chief Operating Officer (COO). In his new role, he will oversee its London business that represents ... Read the full article

Amwins Specialty Auto enters MGA agreement in Florida with Buckle

7th December 2021

Amwins Specialty Auto, the non-standard auto insurance arm of Amwins Group, Inc., has entered into a managing general agency (MGA) agreement with Buckle, the inclusive tech-enabled financial services entity. The arrangement sees Amwins underwrite non-standard auto insurance for Buckle in Florida, as well as Buckle's gig auto insurance for rideshare and ... Read the full article

Amwins Global Risks adds Tom Graham to lead casualty division

30th November 2021

Amwins Global Risks, the international arm of global specialty insurance broker Amwins, has added Tom Graham to serve as director of its casualty division. Graham joins from Apollo Syndicate Management having most recently held the position of US casualty underwriter. He will now focus on business emanating from the US, Canada and ... Read the full article

Amwins Special Risk Underwriters expands into professional lines

19th November 2021

Amwins Special Risk Underwriters has launched an Executive D&O Liability product marking an expansion beyond the property market, which the MGA has been writing exclusively for Amwins brokers since 2008. This non-admitted program will entertain excess public D&O risks and be written on A-(VIII) rated paper and supported by A+ and ... Read the full article

Amwins launches underwriting portfolio mgmt team

30th September 2021

Amwins’ Global Risks broking arm has announced the launch of its John Andrews and Tom Wallace-led underwriting portfolio management unit. The pair’s focus will be on aggregating and creating exclusive capacity across the organisation. Andrews' career has seen him serve at firms such as Dale Underwriting, Arch Insurance Europe, Pioneer and Axis. Wallace joins ... Read the full article

Amwins names Mark Bernackias CUO

28th September 2021

Amwins, the specialist insurance and reinsurance broker, has appointed Mark Bernacki to the newly created position of chief underwriting officer (CUO). As CUO, Bernacki will be responsible for overseeing the underwriting performance of the company's $3+ billion delegated authority business, which will include continued investments in actuarial capabilities, claims, portfolio management, ... Read the full article

Amwins Global Risks names Head of Construction & Engineering

22nd September 2021

Amwins Global Risks, the specialist insurance and reinsurance broker, has announced the appointment of Gary Keenan as Head of Construction & Engineering. He will take over from current managing director, Steve Willsmer, who retires at the end of this year. Keenan joins Amwins from from Ed Broking where he held the role ... Read the full article

Amwins Global Risks appoints new COO and Director of Operations

16th September 2021

Amwins Global Risks, the international arm of the global specialty insurance broker, has announced the appointment of Colm Hensman as Chief Operating Officer (COO) and Lindsey Davies as Director of Operations. Hensman joins as COO from specialist insurer Beazley, where he most recently served as the Head of ... Read the full article

Growing need for data in London Market: Amwins

2nd September 2021

As part of a new report on the state of the London Market, analysts at Amwins have pointed to a growing requirement for greater levels of data, analytics and insight. The observation comes on the back of a challenging 18-month period for the London Market, which has faced a worldwide pandemic, ... Read the full article