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Capsicum Re

AJ Gallagher takes 100% ownership of Capsicum Re

13th January 2020

Arthur J. Gallagher & Co. has announced that it has increased its interest in Capsicum Reinsurance Brokers LLP to 100% from the previous 33%, effective January 1st, 2020. Grahame Chilton and Rupert Swallow founded Capsicum Re in December 2013 through a strategic partnership with Gallagher. Since then, the firm has grown ... Read the full article

Capsicum Re establishes aviation reinsurance team

6th January 2020

Specialist reinsurance brokerage Capsicum Re has announced the launch of a new aviation reinsurance team led by David Bell, who will be based in London. Bell joins with 36 years of aviation industry experience and began his career at C.T.Bowring before joining Aon in 1999. In 2016 he joined AIG as Global ... Read the full article

AJG agrees terms to take 100% ownership of Capsicum Re

27th November 2019

Arthur J. Gallagher & Co. (AJG) has announced that it has agreed heads of terms to pursue the necessary transaction to take 100% ownership of reinsurance specialist brokerage Capsicum Re. The transaction has been in the offing, as time was running out on an option that AJG had to expand its ... Read the full article

Capsicum Re expands London cyber team with four new hires

5th September 2019

Specialist reinsurance broker Capsicum Re has expanded its capabilities with the addition of four new appointments to its cyber team, based in London. Umair Ghani and Thomas Lashkari have joined as a cyber pricing actuary and a cyber analyst, respectively, and will report to Justyna Pikinska, Head of Analytics, Specialty Lines ... Read the full article

Swiss Re & Capsicum Re launch holistic cyber reinsurance solution, Decrypt

2nd September 2019

Global reinsurance giant Swiss Re has partnered with specialist reinsurance broker, Capsicum Re, on the launch of a new holistic cyber reinsurance solution, called Decrypt. The new solution offers a single, flexible, end-to-end solution to insurers' cyber risk challenges, including embedded, silent, and affirmative cyber exposures. An announcement on the release explains ... Read the full article

Cyber may force reinsurers to redefine boundaries of war: Capsicum Re

9th August 2019

A new report by specialist reinsurance broker Capsicum Re has contended that cyber perils transcend traditional lines of business and challenge the very concept of war as it has historically been understood by the re/insurance market. Analysts argue that current war exclusionary language has been rendered unfit for purpose, due to ... Read the full article

Mortgage reinsurance growth is a gradual, educational process: Capsicum Re’s Rance, Scarratt

8th July 2019

The mortgage reinsurance market appears to be set on a growth path, and as companies increasingly look to leverage the vast amounts of available data, education remains an essential part of the landscape, according to Capsicum Re’s Steven Rance and Freddie Scarratt. Prior to the financial crisis the U.S. mortgage insurance ... Read the full article

Capsicum Re adds Tom Mills to Bermuda team

20th May 2019

Specialist reinsurance broker Capsicum Re has announced the appointment of Tom Mills as a broker in its Bermudian operations. Mills previously worked as a Private Client Director at Hampden Agencies, managing and advising Lloyd’s members from 2015 to 2019. Prior to this, he spent several years as an Assistant Underwriter at Amlin. Capsicum ... Read the full article

Capsicum Re adds Stephen Mathews to Mortgage Indemnity Reinsurance team

17th April 2019

Specialist reinsurance broker Capsicum Re has announced the appointment of Stephen Mathews to its Mortgage Indemnity Reinsurance division. Based in Capsicum Re’s New York office, Mathews will now head up the division’s global analytics capability. He joins the company from Guy Carpenter, where he most recently served as Managing Director, having been ... Read the full article

Capsicum Re adds two to London property and specialty division

12th November 2018

Specialist reinsurance broker Capsicum Re has appointed Ed Le Flufy and Piers English to its London property and specialty division. Le Flufy joins Capsicum Re from BMS as a specialty broker focusing on cyber, and will now report to Ian Newman, Capsicum Re’s Global Head of Cyber. He has more than a ... Read the full article

Capsicum Re partners with AIR Worldwide on silent cyber risk models

5th September 2018

Specialist reinsurance broker Capsicum Re has announced that it is collaborating with AIR Worldwide, the catastrophe risk modelling arm of Verisk Analytics, in order to enhance the re/insurance industry’s modelling of silent cyber incidents. As part of the arrangement, Capsicum Re has also adopted AIR’s cyber modelling and analytics platform, ARC, ... Read the full article

Capsicum Re appoints Cyber Broker and Wordings Director

16th August 2018

Specialist reinsurance broker Capsicum Re has announced the appointment of Jasper Goring as a Cyber Broker and Prab Naidu as Wordings Director within its cyber division. Goring joins Capsicum Re from Paragon International Insurance Brokers, where he most recently served as Senior Vice President and focused on cyber business in the ... Read the full article

Mortgage reinsurance expected to expand beyond U.S market: Capsicum Re

26th June 2018

The mortgage reinsurance market looks set to expand worldwide following a robust resurgence in the U.S in recent years, according to specialist reinsurance broker Capsicum Re. The mortgage reinsurance market in the U.S has experienced a boom recently due to the rapid increase in reinsurers’ participation across new, innovative mortgage transactions, ... Read the full article

Grahame Chilton to return to Capsicum Re

21st June 2018

Global specialist reinsurance broker Capsicum Re has announced that Grahame Chilton is set to rejoin the company later this year after leaving his positions at Arthur J. Gallagher & Co. (Gallagher). Gallagher announced earlier this week that Chilton was leaving his role as head of its UK-based brokerage and underwriting unit, ... Read the full article

Capsicum Re launches New York cyber hub, led by Patrick Bousfield

5th June 2018

Specialist reinsurance broker Capsicum Re has extended its cyber presence to New York with the launch of a new cyber hub, which will be led by Patrick Bousfield, who has been promoted to Executive Director. Rupert Swallow, Chief Executive Officer (CEO) of Capsicum Re, said: “The cyber team has received overwhelming ... Read the full article

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