News – Page 68
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NewsEverest Re taps AXA XL for new head of claims and COO
Brent Hoffman will join the company as senior vice president, head of Claims and chief operations officer
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NewsLockton Re hires Kathy McCann for property retro
She joins from Guy Carpenter where she was managing director and senior leader within the firm’s global retro business
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NewsAon names Toffanello head of Reinsurance Solutions in Italy
He replaces long-standing Italy CEO for Reinsurance Solutions, Gianluca Venturini, who will become Reinsurance Solutions’ Italy chair
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NewsFCA hits JLT Specialty with £7.8m bribery fine
Insufficient controls meant that ‘money flowed into the pockets of corrupt officials’, says regulator’s director
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NewsNexus establishes financial lines division at Lloyd’s
Box 358 at Lloyd’s will be manned by James Rasmussen, MD of Nexus Frontier and Alex Mobbs, senior underwriter and Nexus co-founder
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NewsABIR and Lloyd’s strengthen ties during delegation visit
Discussion focused on the strong working relationship between two of the world’s leading re/insurance hubs
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NewsChedid Re receives license to operate in Cairo
Egypt is a “strategic bridge” between Chedid’s African operations and its Middle East presence
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NewsHowden Group appoints TMK’s Tom Hoad
In a new role, he is tasked with leading a new initiative to facilitate the launch and growth of insurance start-ups
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NewsMNK Re expands into Kenya and East Africa
Steven Oluoch will head up the new office, based in Nairobi
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NewsAXA XL names Sawyer head of US Casualty, Reinsurance
The seasoned reinsurance professional joins from SiriusPoint where he was global head of Casualty
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NewsMiller's Graham Clarke to retire
Greg Collins will replace him as chair of the partnership board; James Hands will succeed Collins as CEO
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NewsLancashire in spate of senior hires
James Flude has been named group CUO and James Irvine group CUO for the firm’s reinsurance business
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NewsWTW expands European D&F team
Victor De Jager joins from AGCS as head of Property for Europe, based in Amsterdam
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NewsBruce Carnegie-Brown named Lloyd’s chair for another term
’There remains a great deal’ to do across the market, he says
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NewsMoody’s places Peak Re on negative review
Contagion risks to Peak Re could “increase as Fosun’s credit profile weakens”
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NewsLiberty Mutual’s Long to retire at year-end
The board has appointed Timothy Sweeney as chief executive officer effective January 2023
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NewsCrypto assets and quantum computing present emerging risks
Are crypto assets implicitly covered by existing property or cyber policies? Asks Swiss Re’s SONAR
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NewsMGA market balloons to $15 billion
Annual growth of approximately 21.7% has been achieved by using technology to create new and disruptive offers
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NewsBeazley launches D&O solution for crypto companies
Crypto firms face a myriad of risks from extreme volatility to a lack of regulation
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NewsOver three quarters of re/insurers remain digital laggards
Fewer than 25% have truly digitised the value chain, despite the accelerating transformation of the last two years - ACORD
