All reinsurance articles – Page 24
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Sompo joins Net Zero Insurance Alliance
Insurance giant is the first Japanese firm to join three net zero alliances under the umbrella of the Glasgow Financial Alliance for Net Zero
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Industry must empower next generation - Glaser
“We need to amplify our talent’s potential” to meet the challenges of a rapidly evolving risk landscape, says Marsh McLennan CEO
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SiriusPoint responds to S&P’s negative watch
The departure of the Bermuda reinsurer’s chief executive and COO has prompted the credit watch
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Everest Re hires Stuhl for Global Distribution
Joe Stuhl has joined from Munich Re US to take on the newly created role of SVP of Global Distribution
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Aon Saudi Arabia appoints CEO
Samer AlFayez was previously chief executive officer of Elite Insurance and Reinsurance Brokers
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Pressure builds ahead of mid-year renewals
Most monoline Gulf carriers were not able to complete their catastrophe reinsurance treaties, including Citizens
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Argo Group makes Thomas Bradley permanent CEO
Bradley replaces Kevin Rehnberg, who has been on leave for health reasons since March 2022
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Lloyd’s MGA Aura launches parametric solution for the Caribbean
Pay-outs are based on the hurricane category that intersects the insured’s radius location (typically 40 miles)
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Everest opens shop in Singapore
The office will provide risk solutions in commercial property, energy/power and construction, casualty, financial lines, accident and health
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Everest 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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Lockton 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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Aon 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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FCA 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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Nexus 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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Chedid 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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MNK Re expands into Kenya and East Africa
Steven Oluoch will head up the new office, based in Nairobi
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AXA 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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Miller'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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Lancashire 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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WTW expands European D&F team
Victor De Jager joins from AGCS as head of Property for Europe, based in Amsterdam