Reinsurance News
specialty reinsurance
Fortegra appoints CUO for specialty lines in London
22nd October 2019
Fortegra Financial Corporation, an international specialty insurer and subsidiary of Tiptree Inc., has announced the appointment of David Barber as Chief Underwriting Officer (CUO) for specialty lines in London. Barber is a recognised Lloyd’s underwriter with more than 30 years’ of experience specialising in US casualty business, on both a direct ... Read the full article
Hamilton recruits Head of Casualty & Specialty Reinsurance from Third Point Re
1st October 2019
Bermuda-based re/insurer Hamilton Insurance Group has announced the appointment of Steve Wilson as Senior Vice President (SVP), Head of Casualty & Specialty for its new US reinsurance platform. Wilson joins Hamilton from Third Point Re, where he most recently served as SP Underwriting. Prior to this he spent over 11 years at ... Read the full article
Specialty insurer JenCap Holdings set to acquire Aran Insurance Services
21st August 2019
Specialty insurer JenCap Holdings LLC (JCH) has announced an agreement to acquire Aran Insurance Services Group, a specialty program administrator with offices in Arizona, Colorado, Massachusetts, and New York. Founded in 2009, Aran has been built into a successful platform under the leadership of Tim Kenny and John LaCava. The acquisition marks ... Read the full article
Sompo Global Risk partners with VGM to insure golf courses, country clubs
30th July 2019
Sompo Global Risk Solutions (GRS), a subsidiary of Bermuda-based specialty property and casualty (P&C) re/insurer Sompo International, has entered into a new partnership with specialist captive insurer VGM Insurance & Financial Solutions. The arrangement will allow Sompo GRS to offer its insurance products and services to golf courses and country clubs. Through ... Read the full article
Hiscox develops new coverage for ships seized by foreign governments
23rd July 2019
Hiscox, the specialist global insurer, has developed a new insurance product that provides coverage for ships seized by a foreign government. The product, called Malicious Vessel Seizure, will provide Loss of Hire costs and the services of Control Risks, a crisis management consultancy. The announcement follows the seizure of a British-flagged ... Read the full article
Beazley appoints specialty treaty underwriter to product solutions team
24th June 2019
Specialist re/insurer Beazley has announced the appointment of Desiree Khoury as a specialty treaty underwriter within the Beazley Product solutions team, based in Los Angeles. Beazley Product Solutions designs customised specialist insurance cover backed by treaty reinsurance to support insurers and their policyholders. Khoury joins the division from NAS Insurance, where her ... Read the full article
Beazley adds cyber cover to media, tech industry insurance policy
29th May 2019
Specialist insurer Beazley has incorporated cyber coverage into its MediaTech insurance policy as it looks to protect businesses against new and evolving forms of risk. The Beazley MediaTech policy has been streamlined to provide clear and concise wording and seamless protection, says Beazley, combining errors and omissions (E&O) and media liability ... Read the full article
AmWINS adds Lead Underwriter for Property Specialty at Unicorn Underwriting
24th May 2019
Global specialty insurance provider AmWINS has announced the appointment of Matt Edwards as Lead Underwriter for Property Specialty in its London-based MGA Unicorn Underwriting. He will lead a fourth division of Unicorn, Unicorn Property Specialty, and will focus on writing property insurance for small to medium size businesses and high value ... Read the full article
HDI Global Specialty hires leader for new aviation team in Australia
29th March 2019
HDI Global Specialty SE – Australia, the collaborative specialty insurance venture between HDI Global and Hannover Re, has hired James Bowes to lead a new General Aviation team in the Asia Pacific markets. Bowes has 20 years’ experience and joins HDI Global Specialty SE – Australia from QBE, where he served ... Read the full article
HDI Global Specialty acquires bloodstock team from Neon Underwriting
4th March 2019
HDI Global Specialty, the newly launched collaborative specialty insurance venture between HDI Global and Hannover Re, has acquired a team of four bloodstock underwriters from re/insurer Neon Underwriting. The bloodstock team are active in the Lloyd’s and London markets and write a global book across the UK, U.S, Australia and ... Read the full article
Berkshire BHSI extends transactional liability offering to UK & Europe
22nd January 2019
Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, has announced that it plans to expand its North American Transactional Liability Insurance business into the UK and Europe. BHSI explained that it will now provide warranty and indemnity, tax, and contingent liability insurance in ... Read the full article
Rate increases “better than planned” across specialty classes: Peel Hunt
22nd January 2019
Rate increases across specialty insurance classes have been “better than planned” over the last two months, according to analysts at Peel Hunt. The firm pointed to improvements in classes such as marine, energy and property, but noted that rates are still coming off the bottom of the cycle and need to ... Read the full article
Travelers partners with ASQ Underwriting on U.S transactional risk
16th January 2019
The Travelers companies, Inc. has partnered with managing general underwriter (MGU) ASQ Underwriting to offer transactional risk insurance in the U.S. Travelers explained that the move would enable it to meet the growing demand for M&A risk mitigation tools, which allow strategic and private equity investors to reduce their deal risk ... Read the full article
Hannover Re & HDI Global launch new specialty insurance venture
8th January 2019
HDI Global Specialty SE, a new specialty lines insurer launched as a collaborative venture between Hannover Re and HDI Global, commenced underwriting at the beginning of the year with premium volumes in excess of €1 billion. The insurer was formed after HDI Global and Hannover Re, which are both part of ... Read the full article
Pricing set to improve across UK specialty classes in 2019, say analysts
19th December 2018
Consecutive periods of above-average large losses are set to cause a positive reaction in pricing across a range of UK specialty classes in 2019, according to analysts at J.P. Morgan. The firm noted that 2018 saw a higher incidence of man-made losses, putting classes like Marine under additional pressure, while pricing ... Read the full article
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