Reinsurance News
Insurance news
Insurance news of relevance to the reinsurance market.
Our focus is on insurance and reinsurance news for large account, commercial and specialty lines, as well as pure reinsurance and retrocession news, analysis, insight and interviews.
Allianz Global Corporate & Specialty SE opens South Korea branch
29th June 2017
Allianz Global Corporate & Specialty (AGCS) SE is opening a Seoul branch targeting "significant growth opportunities" in the South Korean corporate and specialty insurance segment as the country launches a number of large-scale infrastructure projects. Noh Chang Tae, a Korean national with almost 25 years insurance experience, will assume the role ... Read the full article
Insurance law firms expand global specialist expertise with network launch
29th June 2017
Insurance law firms spanning four continents have today launched a formal alliance network, Global Insurance Law Connect, to match their clients' global needs with local lawyers' specialised insurance law expertise. The member firms operate across seven countries, and include: Batini Traverso Grasso & Associati (Italy), BLM (UK), Byrd & Associates (France) and Foran ... Read the full article
North P&I Club names Andrew Hearne as Underwriting Deputy Director
29th June 2017
North P&I Club has named Andrew Hearne as Underwriting Deputy Director, as part of an underwriting team expansion effort to accommodate its market growth. Hearne will begin his role working with North's European team, based out of the club's Newcastle upon Tyne head office. Commenting on his appointment, Hearne said; "North has ... Read the full article
AXIS Insurance appoints Jim DeSimone to Senior Vice President of Primary Casualty
29th June 2017
AXIS Insurance - a segment of AXIS Capital Holdings Limited - has hired James (Jim) DeSimone as Senior Vice President of Primary Casualty. In his New-York based role, DeSimone will manage the underwriting team responsible for Primary Casualty in the Northeast and Midwest regions and report to Janet Jordan-Foster, Executive Vice President of ... Read the full article
InsurTech recognised as threat to re/insurance revenues by 86% in survey
29th June 2017
Of respondents to a new survey on attitudes to the adoption of technology in financial services, a huge 86% of insurance and reinsurance company executives questioned said that believe InsurTech threatens at least 20% of their revenues. PwC’s 2017 Global FinTech survey found that the insurance and reinsurance sector ... Read the full article
Ogden rate & market innovation: UK Economic Secretary Steven Barclay
28th June 2017
The UK Economic Secretary Steven Barclay said yesterday in a speech at the Association of British Insurers conference, the government is consulting on how to set the Ogden rate for England and Wales, to ensure a "better and fairer system for claimants and defendants." Barclay said; "We are currently considering the ... Read the full article
RenRe co-founder Currie appointed to Executive Chairman of Ascot Group
28th June 2017
Bermuda-based Ascot Group Limited (AGL) has announced Neill Currie's appointment to Executive Chairman, with effect from 21st June. In his role as Executive Chairman, Currie will work with AGL’s management and board of directors to grow its operations and capabilities. Prior to his appointment, Currie was co-founder and CEO of RenaissanceRe Holdings ... Read the full article
DWF appoints Antony Woodhouse to partner of its city insurance team
28th June 2017
International legal business DWF LLP has appointed Antony Woodhouse, joining from Gowling WLG with a specialisation in international and cross-border disputes, to partner of its City insurance team. Woodhouse boasts extensive experience as an advisor for re/insurers, Lloyd's syndicates and intermediaries in litigation, mediations and arbitration as well as Bermuda Form matters. His ... Read the full article
Reputational risk from cyber “kills modern businesses” – Inga Beale, Lloyd’s
28th June 2017
Inga Beale the Chief Executive of the Lloyd's of London insurance and reinsurance market has warned today that it is reputational risks and fallout from a cyber breach that "kills modern businesses." With the recent WannaCry ransomware attacks, and the ongoing impacts of Petya or PetrWrap which is a current attack, ... Read the full article
Neon reinforces underwriting team with new appointment and promotion
27th June 2017
Insurance and reinsurance specialist Neon has announced the appointment of Annabel Fell-Clark as Underwriting Manager and the promotion of Andrew Dougall to Deputy Active Underwriter. Fell-Clark will oversee underwriting governance, bringing over two decades of insurance experience to the role. She gained previous leadership experience as CEO of AXA ART, where she ... Read the full article
Cape Analytics expands property data services across Southeastern coastal states
27th June 2017
Artificial intelligence and machine learning company Cape Analytics has expanded its services with the addition of bespoke geospatial property data analytics to support insurance carriers across the Southeastern seaboard states. The firm now offers advanced property data analytics services to an additional eight coastal states; Texas, Louisiana, Florida, Mississippi, Alabama, Georgia, South ... Read the full article
Dentons appoints former NAIC president John Huff to Insurance Regulatory practice partner
27th June 2017
Global law firm Dentons has appointed former president of the National Association of Insurance Commissioners, (NAIC), John Huff, as a partner in the Insurance Regulatory practice. Most recently Huff served as Director of the Missouri Department of Insurance - where he steered one of the largest global insurance markets through the financial ... Read the full article
The Hartford agrees $1.6 billion U.S. pension liabilities transfer to Prudential
27th June 2017
The Hartford has made arrangements to transfer 38% of its U.S. pension liabilities or $1.6 billion of the firm's $5.6 billion in U.S. qualified pension plan liabilities to Prudential through purchasing a group annuity contract, with effect from the expected settlement date of June 30th, 2017. Under the agreement about 16,000 ... Read the full article
Sompo International launches London-based Accident & Health insurance unit
27th June 2017
Bermuda-based Sompo International, the former Endurance Specialty Holdings re/insurer prior to being acquired by Sompo Holdings, has announced the launch of an Accident & Health (A&H) insurance unit set to be led by Dale Willetts as Executive Vice President. The A&H unit consists of a team of six underwriters, who will underwrite ... Read the full article
AIR Worldwide releases new Canada crop hail risk model
26th June 2017
AIR Worldwide has released a new Crop Hail Model for Canada, the first probabilistic model for the industry, offering a complete overview of risk crop hail portfolios and the ability to assess different impact of hail on various crop types as well as larger losses than have previously hit the crop ... 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.
