Reinsurance News


COVID-19 will make challenging Lloyd’s conditions more difficult: AmWINS

8th April 2020

Analysts at AmWINS have suggested that the coronavirus (COVID-19) pandemic has and will continue to make already-challenging market conditions at Lloyd’s of London even more difficult. The firm acknowledged that Lloyd’s and its syndicates had extensively tested their systems in preparation for a crisis, and said that the transition to remote ... Read the full article

AmWINS adds Mark Bernacki to leadership team

24th March 2020

Specialty insurer AmWINS has announced the appointment of Mark Bernacki as President of AmWINS Special Risk Underwriters (SRU) and Executive Vice President of AmWINS Group, effective March 30, 2020. In this role, Bernacki will drive strategy and build capacity for SRU, which underwrites risks on behalf of domestic and international carriers. Also, ... Read the full article

AmWINS appoints Matthew Crane as CEO of THB Group

3rd February 2020

Specialty insurer AmWINS has announced the appointment of Matthew Crane as Chief Executive Officer (CEO) of THB Group, its specialist international re/insurance broking and risk management firm. Crane, who will also take up the role of President of the International division of AmWINS, succeeds outgoing CEO Frank Murphy. Murphy has served as ... Read the full article

Swiss Re’s Alex Kaplan joins AmWINS as EVP for Alternative Risk

5th November 2019

Specialty insurer AmWINS Group, Inc. has announced the appointment of Alex Kaplan from reinsurer Swiss Re as Executive Vice President (EVP) for Alternative Risk. The appointment sees Kaplan lead a new strategy focused on the development of parametric insurance solutions and other bespoke forms of protection, on a stand-alone basis and ... Read the full article

Moody’s upgrades AmWINS ratings, outlook stable

28th October 2019

Moody’s Investors Service has upgraded the corporate family rating and first-lien credit facility ratings of AmWINS Group, Inc. and changed its ratings outlook from positive to stable. The corporate family rating was changed from B2 to B1, based on the company’s strong credit metrics, while the first-line credit facility ratings moved ... Read the full article

AmWINS Group to acquire specialty general agent Stealth

2nd October 2019

Global specialty insurance provider AmWINS Group is set to acquire Stealth Partner Group, an Arizona-based general agent specialising in medical stop-loss insurance. Under the terms of the agreement Stealth will combine with AmWINS subsidiary Stop Loss Insurance Services in early 2020. The move is designed to create a premier stop-loss general agency ... Read the full article

AmWINS acquires LISI, CoPower

9th August 2019

AmWINS Group, Inc. has announced that it's set to acquire LISI, Inc. and CoPower (Administrators), Inc., which will both become part of the company's Group Benefits division. LISI was founded in 1977 and is a California-based general agent with a specialist focus on medical and ancillary benefits. CoPower, a third-party administrator focused ... Read the full article

AmWINS’ Unicorn MGA names Matt Edwards lead underwriter, property specialty

13th June 2019

Unicorn Underwriting, the specialist managing general agent (MGA) of AmWINS Group, Inc. has appointed Matt Edwards as lead underwriter, property specialty, effective June 17th, 2019. In his new role, Edwards will report to Chief Executive Officer (CEO) of Unicorn and CEO of re/insurance broker THB Group, Frank Murphy. As lead underwriter of ... Read the full article

Loss creep on casualty lines hardening rates across all sectors: AmWINS

30th May 2019

The continued deterioration of loss development on casualty lines has driven market hardening to a greater degree than was originally projected, according to analysts at specialty insurer AmWINS. The group’s State of the Market report for Q2 2019 noted that firming has spread out from segments such as New York construction, ... Read the full article

Increasing rates creating deeper, broader change in property market: AmWINS

28th May 2019

Global specialty insurance provider AmWINS has in a new report stated that the firming seen in the property market towards the end of 2018 and into the first quarter of 2019, has accelerated. AmWINS says adverse loss development has been a catalyst in this acceleration. Two consecutive years with combined ratios exceeding ... Read the full article

AmWINS adds Lead Underwriter for Property Specialty at Unicorn Underwriting

24th May 2019

Global specialty insurance provider AmWINS has announced the appointment of Matt Edwards as Lead Underwriter for Property Specialty in its London-based MGA Unicorn Underwriting. He will lead a fourth division of Unicorn, Unicorn Property Specialty, and will focus on writing property insurance for small to medium size businesses and high value ... Read the full article

AmWINs launches commercial property flood product with TFIA

3rd May 2019

Global specialty insurance provider AmWINS has launched a new commercial property flood product in conjunction with its recent acquisition of Florida-based MGA The Flood Insurance Agency (TFIA). The new product, called FloodFLEX, is designed to eliminate out-of-pocket expenses not covered by traditional flood insurance, AmWINS explained. FloodFLEX increases the loss payable ... Read the full article

AmWINS Group adds Alycia Kiley as SVP

26th March 2019

Global specialty insurance provider AmWINS Group has announced the appointment of Alycia Kiley as Senior Vice President. Kiley, who most recently served as Senior VP at the Council for Insurance Agents and Brokers (CIAB), will be focused on building strategic partnerships with the firm’s retail clients. Prior to her time with CIAB, ... Read the full article

Moderate casualty reinsurance rate increases expected in 2019: AmWINS

30th January 2019

After several years of declines, casualty reinsurance premiums bucked the recent trend in 2018, and going into 2019, continued, modest increases are expected in primary casualty reinsurance, according to AmWINS. According to the global specialty insurance provider, rate increases in casualty reinsurance are being driven by a number of factors. This ... Read the full article

Cat-exposed property lines to see double-digit rate increases: AmWINS

23rd January 2019

The property re/insurance market experienced some firming at the recent January renewals, which could translate into double-digit rate increases for catastrophe-exposed business as we progress further into the year, according to analysts at AmWINS. The specialty insurer added that spikes of up to 40% were “not out of the question” for ... Read the full article

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