Advertise here

Menu

Reinsurance News

Casualty reinsurance

Demand for casualty reinsurance increases at mid-year renewals: Willis Re

20th July 2017

Commenting on trends in the casualty market after the 2017 mid-year renewals, Willis Re said demand for reinsurance is increasing as the cyber market expands and global demand is stimulated by pending regulation in the European Union (EU) and Australia. As underlying cyber coverage expands with first party exposures, reinsurers appear ... Read the full article

Everest Re hires Kelly from Hiscox to lead international casualty facultative reinsurance

23rd June 2017

Everest Re Group, Ltd. has hired Matt Kelly to lead its international casualty facultative reinsurance unit, a role that will see him responsible for worldwide Casualty facultative underwriting, outside of the U.S. and Canada. Kelly will be based in Miami in his new role as Vice President and Head of the ... Read the full article

Reinsurers advised caution on casualty catastrophe treaties: Willis Towers Watson

16th June 2017

Willis Towers Watson reinsurance risk management specialist, Pete Thomas, has cautioned reinsurers to review casualty catastrophe treaties in light of administration changes. He said experience has proven that when big changes are evident in society, they have a significant knock-on effect on how effective and comprehensive coverage against political and social risk, ... Read the full article

SCOR hires Graeme Scott from Markel as EMEA Casualty CUO

16th May 2017

French reinsurance firm SCOR has announced the appointment of Graeme Scott as its EMEA Casualty Chief Underwriting Officer, hiring him from his most recent position as Head of Inwards Reinsurance at Markel International. Scott joins SCOR today and will be based in London for the reinsurer, where he will lead a ... Read the full article

Hamilton Re acquires renewal rights to Canopius Bermuda’s excess casualty book

24th April 2017

Bermuda-based Hamilton Re, part of the Hamilton Insurance Group, has acquired the renewal rights to Sompo Canopius' excess casualty insurance book of business and also takes the two underwriters, Stephen Hartwig and Jeremy Wright, across to the firm. Hamilton Re will take on renewing the Canopius Underwriting Bermuda Limited ... Read the full article

Larger losses, digitalisation & tech are reshaping liability risk landscape: Allianz

31st March 2017

Companies around the world are increasingly susceptible to larger liability losses and the advancement of technology has the potential to drive a shift in the liability risk landscape, warns Allianz Global Corporate & Specialty (AGCS), a division of Allianz. After analysing 100,000 insurance claims from more than 100 countries between 2011 and ... Read the full article

Hiscox Re finding opportunities in casualty & speciality lines

6th March 2017

Insurer and reinsurer Hiscox has reported a record year for profit in 2016 despite tough market conditions and helped by the performance of its Hiscox Re and insurance-linked securities (ILS) unit where it found opportunity for growth in casualty and specialty business lines. Overall, the re/insurer reported a record £354.4 million profit ... Read the full article

XL expects $75m Ogden Rate hit on UK motor reinsurance book

1st March 2017

XL Group Ltd. said that it estimates the impact of the recent Ogden Rate change to be around $75 million, contained within its UK motor reinsurance book. XL does not underwrite much in the way of UK motor insurance or reinsurance business now, but has some exposure from business underwritten on ... Read the full article

Ironshore Specialty Casualty execs take on new product line responsibilities

27th February 2017

Ironshore Specialty Casualty has announced that executives Dawn Puro and Sonny Powers will assume new product line responsibilities, effective immediately. Puro, Senior Vice President (SVP) of Specialty Casualty at the firm's New York office has been named Product Line Manager, Public Entity lines and Powers, Vice President and Product Line Manager ... Read the full article

AIG hopes to renew Swiss Re casualty quota share on better terms for 2018: Hancock

16th February 2017

Speaking at an insurance conference run by Bank of America Merrill Lynch this morning, Peter Hancock, the CEO of insurance giant AIG, said that he hopes the company will be able to renew its casualty quota share reinsurance arrangement with Swiss Re on better terms in 2018. AIG entered into a ... Read the full article

Tokio Millennium Re licenses Praedicat’s Oortfolio for casualty analytics

7th February 2017

Multi-line reinsurance firm Tokio Millennium Re has signed up to license Praedicat's casualty catastrophe risk modelling solution Oortfolio, as it seeks to enhance its analytical focus on this class of risk. Oortfolio is the world’s first exposure-based and forward-looking casualty catastrophe risk modelling tool, which Praedicat launched in October 2016. Oortfolio ... Read the full article

Mike Hudzik to head Swiss Re’s North American Casualty Hub

6th December 2016

Reinsurance giant Swiss Re has announced the appointment of Mike Hudzik as Head of its North American Casualty Hub, a role that will also see him join the firm’s Americas Management Team and Casualty Management Team. Previously Senior Vice President (SVP) at reinsurance firm Swiss Re, where he was responsible for ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.