Reinsurance News
People moves
News on insurance and reinsurance industry hiring, appointments and people moves. News and announcements covering key hires and people moves across the global reinsurance, commercial and specialty insurance markets.
MGA Optio appoints Deepak Soni as its new CEO
27th June 2024
Optio Group, a specialty managing general agent (MGA), has named Deepak Soni as its new Chief Executive Officer (CEO), a long-anticipated and carefully considered appointment by the company’s board and its private equity partners, Preservation Capital Partners. Soni brings extensive experience, strategic vision, and a proven track record of building businesses. He ... Read the full article
Industry veteran Jacques Bonneau joins Brit Re Board
27th June 2024
Brit Ltd has appointed Jacques Bonneau to the Board of Brit Re as a Non-Executive Director, subject to regulatory approval. Brit noted that Bonneau will bring considerable experience, insight and relationships to the firm as it embarks on a strategic plan to expand its presence in Bermuda across property, casualty and ... Read the full article
Markel names Phil Schmidt as Chief Strategy Officer
27th June 2024
Markel, the insurance operations arm within the Markel Group Inc., has appointed Phil Schmidt as Chief Strategy Officer, effective immediately. Schmidt's remit in the role will include leading Markel's Global Strategy team, based in Bermuda. He's also responsible for engaging with major strategic initiatives and corporate development activities pursued across Markel ... Read the full article
The Mutual Group appoints Brett Humphrey as SVP & CFO
27th June 2024
The Mutual Group, an integrated insurance operations platform serving the mutual industry, recently announced the appointment of Brett Humphrey as Senior Vice President (SVP) & Chief Financial Officer (CFO). Humphrey, who has nearly 20 years of leadership experience in global financial services, will lead high-performing finance organisations within The Mutual Group. In ... Read the full article
Anuj Tyagi named as new CEO and Managing Director of HDFC ERGO
27th June 2024
HDFC ERGO General Insurance has recently announced that Anuj Tyagi will be the new Managing Director and Chief Executive Officer (CEO), effective July 1, 2024. Tyagi will be succeeding Ritesh Kumar, who served as the company’s Managing Director and CEO for 16 years. In a recent LinkedIn post, the firm stated, “We ... Read the full article
Zurich’s D’Urso to join RSA Risk Managed Property team
26th June 2024
Global insurance provider RSA Insurance has appointed Caroline D’Urso as Senior Underwriter in its Risk Managed Property team, part of its UK Specialty Lines business. The executive, who has over a decade of industry experience, will be based in London, starting her role on August 27. D’Urso will be responsible for underwriting ... Read the full article
Consilium launches new cargo offering, Cooper appointed Senior Partner
26th June 2024
Consilium, the global speciality re/insurance broking business of the Aventum Group, has launched its new Lloyd’s-backed Cargo Stock Throughput offering, and has appointed Jack Cooper as Senior Partner. With a broad Cargo appetite, covering general, niche and complex Stock Throughput risks, Consilium aims to use its approach that combines global Speciality ... Read the full article
CEA names Tom Welsh as its new CEO
26th June 2024
The Governing Board of the California Earthquake Authority (CEA), California’s largest provider of residential earthquake insurance, has appointed Tom Welsh, currently the Chief Legal & Compliance Officer, as its new Chief Executive Officer (CEO), effective immediately. The CEA is governed by a five-member Governing Board comprised of voting members Governor Gavin ... Read the full article
UIB Asia to enhance service offerings with four new executives
26th June 2024
United Insurance Brokers (UIB) Group has expanded its presence in Asia with the addition of four new professionals: Richard Oh, Saw Tong Nee, Rita Au and Tam Hui Von. This strategic move underscores the commitment of UIB Asia Reinsurance Brokers Pte Ltd to excellence and its ambition to deliver unparalleled service ... Read the full article
American Coastal announces five-year extension of MGA agreement with AmRisc
26th June 2024
American Coastal Insurance Corporation, the insurance holding company of American Coastal Insurance Company (AmCoastal) has announced that AmCoastal has entered into a five-year extension of its exclusive Managing Agency Contract (MGA Agreement) with AmRisc, LLC effective June 1, 2024, and expiring January 1, 2029, subject to regulatory approval. From what we ... Read the full article
QBE promotes Højmark and Seul to Europe product managers for Cyber and ML/FI
26th June 2024
International insurer QBE has announced the appointment of Simon Højmark as Europe product manager for Cyber and Dr Patrick Seul as Europe product manager for Management Liability and Financial Institutions. Højmark has been with QBE for 13 years, having joined the company as finance controller before becoming assistant underwriter and then ... Read the full article
Oneglobal Broking appoints Andrew Ko as Executive Director, Hong Kong
26th June 2024
Oneglobal Broking, an independent Lloyd's broker backed by JC Flowers, has appointed Andrew Ko as the Executive Director for Hong Kong, effective 18th June 2024. Ko is a key appointment according to Oneglobal as the company continues to expand its presence across Asia. In his new role, Ko will oversee the ... Read the full article
Former Fortitude Re CEO Bracken named Zurich NA CFO
25th June 2024
Zurich North America has hired insurance executive James Bracken as Chief Financial Officer, succeeding Peter Hirs, who is set to return to Zurich Insurance Group in Switzerland as Group Head of Mergers & Acquisitions. As Zurich North America CFO, Bracken will be tasked with overseeing Actuarial, Financial Accounting and Reporting (FAR), ... Read the full article
Hamilton Global Specialty appoints Niamh O’Brien as new Chief Actuary
25th June 2024
Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, has recently announced the appointment of Niamh O’Brien as Chief Actuary. In her new role, O’Brien will report directly to Wilfred Chin, who was recently promoted to Group Chief Actuary at Hamilton Group. Alex Baker, Group Chief Risk Officer at Hamilton Insurance ... Read the full article
James Robinson Joins Bermuda Board of CatX
25th June 2024
CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has appointed James Robinson to its Bermuda Board of Directors, who brings over two decades of experience in insurance, reinsurance, finance, and technology. A key figure across the industry, Robinson is known for being the founder of insurance software ... Read the full article
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