Reinsurance News
Inver Re
Parametric re/insurance a natural fit for Asia region: Inver Re’s Johansmeyer
23rd April 2024
With natural disasters being on the rise across developing states in Asia, the implementation of parametric insurance and reinsurance appears to be a natural fit for the region, according to Tom Johansmeyer, Global Head of Index Classes, Inver Re. A recent whitepaper authored by Johansmeyer explains that while traditional insurance usually ... Read the full article
Africa Specialty Risks forms parametric partnership to close protection gap in Africa and Middle East
29th February 2024
Africa Specialty Risks (ASR) has reportedly formed a parametric reinsurance partnership with a leading European reinsurer to increase its coverage for vulnerable populations and economies in Africa and the Middle East. The partnership was facilitated by Inver Re. According to ASR, the agreement will double its parametric capability for smallholder farmers, ... Read the full article
Inver Re hires Gallagher Re’s Steven Rance as Head of Specialty, London
14th February 2024
Inver Re, Ardonagh Specialty’s reinsurance broking business, has appointed Steven Rance to the newly created position of Head of Specialty in London. He will report to Jonathan Prinn, Chief Executive Officer of Inver Re London. Rance's remit in his new role will include being responsible for Credit, Marine, Cyber, Parametrics, Motor, ... Read the full article
Ardonagh Specialty names Marsh Deputy CEO of Bermuda & Inver Re Retro Head
9th November 2023
Ardonagh Specialty has appointed Jonathan Marsh as Deputy CEO of Bermuda and Global Head of Retro at Inver Re. According to the firm, Marsh will be running Ardonagh Specialty’s Bermudian business operations alongside CEO Chris Bonard, while simultaneously building out Inver Re’s retro capabilities. Marsh joins Ardonagh from Gallagher Re, having most ... Read the full article
Mark Shumway joins Inver Re as Head of Advisory
10th October 2023
Mark Shumway, formerly of insurance and reinsurance broker Howden, has joined Inver Re, the reinsurance broking arm of the Ardonagh Group, as Head of Advisory. Shumway joined Hyperion X, which later became Howden, from JLT Re in 2019, which followed Marsh McLennan's acquisition of JLT Group earlier that year. During ... Read the full article
An ongoing re-balancing discussion between hazard and exposure within reinsurance is needed: Inver Re
25th September 2023
Changes in exposure - the number of buildings and value of the buildings that are exposed to hurricane hazard - exacerbate the impact of climate change on hurricane losses by more than twice over, according to a recent Inver Re report. In its Unpicking North Atlantic Hurricane Risk report, Inver Re ... Read the full article
Inver Re launches global index practice after Johansmeyer appointment
19th September 2023
Inver Re, the reinsurance broking arm of the Ardonagh Group, has announced the launch of an integrated global index practice, to be led by Tom Johansmeyer. Johansmeyer's appointment as Inver Re’s Global Head of Index was announced earlier in the year. He joined the broker from Verisk, where he had ... Read the full article
Clients should be getting consistent weekly contact: Inver Re’s Jonathan Prinn
12th September 2023
At the RVS 2023 Monte Carlo event, Reinsurance News spoke with Jonathan Prinn, Chief Executive Officer (CEO), London, Inver Re, where he explained that he believes that the company's clients should get a 365 day service where they are "consistently having weekly contact." He said: "From the client feedback that I ... Read the full article
Capital still very guarded about entering property cat space: Inver Re’s Bonard
18th August 2023
Although small capital raises are happening in the reinsurance market, providers remain guarded about putting funds to work in the property catastrophe space, suggesting there’s more pain to come, according to Chris Bonard, CEO of Ardonagh’s Bermuda business operations including Inver Re. “The situation is getting worse, and could have a ... Read the full article
We’re pretty upbeat about the Bermuda market: Inver Re’s Chris Bonard
11th August 2023
Reinsurance broker Inver Re continues to grow its team in Bermuda, adding expertise in numerous areas as it looks to expand alongside its unwavering commitment to have best in class data and analytics, leading Chris Bonard, CEO of Bermuda, to be pretty bullish about life on the island. In May 2021, ... Read the full article
Inver Re forms Bermuda-based re/insurer & segregated accounts company
10th July 2023
Inver Re has announced the set up of a Bermuda-based Class 3 re/insurer and segregated accounts company, Inver Re (Bermuda) SAC Ltd. According to the firm, Inver Re (Bermuda) SAC Ltd. (Inver SAC) was registered in Bermuda by the regulator the Bermuda Monetary Authority (BMA) on May 24th 2023. Inver Re told ... Read the full article
Inver Re appoints Gareth Davies as Chairman of Parametrics
2nd May 2023
The Ardonagh Group's global reinsurance broking arm, Inver Re, has hired Gareth Davies from Price Forbes as Chairman of Parametrics, effective May 2023. Davies joins the reinsurance broker after more than three years with Price Forbes & Partners, where he most recently served as an Executive Director with a focus on ... Read the full article
Tom Johansmeyer leaves PCS to join reinsurance broker Inver Re as Global Head of Index
1st May 2023
The Head of Verisk's Property Claim Services (PCS) business, Tom Johansmeyer, is leaving the firm after 11 years and is set to join Inver Re, the reinsurance broking arm of the Ardonagh Group, as its new Global Head of Index products. Johansmeyer first joined Verisk in 2012 as Director of Marketing ... Read the full article
Inver Re appoints MS Amlin’s Alun Thomas as Global Head of Property Reinsurance
2nd March 2023
Ardonagh Group’s reinsurance broking arm, Inver Re, has appointed Alun Thomas in the new role of Global Head of Property Reinsurance, where he will report to Chris Bonard, CEO - Bermuda. In the role, Thomas will take on responsibility for developing a new property reinsurance proposition with a base in Bermuda. Thomas ... Read the full article
Ardonagh Specialty brings fac reinsurance capabilities to Inver Re
13th February 2023
Ardonagh Specialty has announced that it has brought facultative reinsurance capabilities together in Inver Re. The facultative team from Besso Re - which Ardonagh acquired in 2021 through its takeover of BGC’s insurance operations – will be led by Nikki Melbourne in the role of Head of Facultative, Inver Re. Melbourne ... Read the full article