Register for our Prospectus 2021 conference Enstar ups bid for Watford to $686mn Enstar criticised its handling of previous takeover attempts and subsequent agreement with Arch. Wildfires push Allstate's Q3 cat bill to $990mn The company put its September cat losses at $339 million ($268 million, after-tax). What a Nobel Prize tells us about tech's role in reinsurance placements: Tremor Tremor's programmatic reinsurance trading platform puts similarly complex auction technology to work. Aspen recruits Head of AIUK and AMAL Claims Tony Rai joins as Head of Aspen Insurance UK and Aspen Managing Agency Limited Claims. Toa Re Europe adds life reinsurance offering The addition of life reinsurance to the product offering expands on the firm's P&C business. Collateralized reinsurance to contract further Aon says that it will likely remain the largest segment of ILS for the foreseeable future it seems. Munich Re adds Stefan Golling to Board Golling will be succeeding Peter Röder's position in Management of the Global Clients and NA Division. Florida's Olympus hires John W. Rollins as CFO Rollins had previously been the Chief Risk Officer of Florida's Citizens Property Insurance Corporation. Lockton Re adds Massingham as a Senior Broker Andy Massingham joins Lockton Re from rival brokerage Guy Carpenter. Munich Re partnership targets manufacturing industry Munich Re is entering into a strategic partnership with machine manufacturing group TRUMPF. Tara Foley named CEO of AXA UK Retail Insurance Foley will also become a member of the UK & Ireland Management Committee. AXIS Re expands NA Casualty team Lydia LaSalata and Matthew Trinkle join the firm's North American Casualty operation. Suncorp adds Jimmy Higgins as CEO, NZ Higgins has been with Suncorp since 2008, holding a range of senior and executive roles. Flow of wildfire subrogation benefits continues The flow of recoveries will likely continue thanks to a new agreement from Southern California Edison. QBE International CUO O'Farrell to retire In the interim, Nick Hankin, currently Deputy CUO, will be taking over from Colin O'Farrell. Cincinnati estimates $266mn Q3 cat hit This figure represents an impact on the company's Q3 combined ratio of approximately 18.3%. Risk-adjusted returns could increase significantly Pricing is just one factor in delivering improved returns to shareholders of reinsurance companies. Cohen & Co's IAC completes merger with Shift The business combination provides Shift with approximately $300mn, net of fees and expenses. Accredited in new program partnership with Attune Attune is a program administrator with specific experience in commercial insurance programs. SRL makes rating adjustments for Lloyd's Syndicate 33 SRL has downgraded the A (Very Good), negative outlook, Continuity Opinion of Lloyd's Syndicate 33. Marsh hires new US Cyber Incident Management Leader Katherine Keefe joins Marsh as US Cyber Incident Management Leader. APCIA adds Amerisure, Travelers CEOs to board Alan Schnitzer and Greg Crabb join on January 1st, 2021. MetLife announces series of key leadership changes This includes the retirement of LatAm executive vice president and president Oscar Schmidt. Risk Theory launches underwriting unit for downstream energy The multi-line insurance offering will be led by Vice President Jonathan Doke. ICA welcomes call for disaster mitigation funding Tackling the root cause through greater investment in mitigation to protect homes is vital. USAA returns for cat bond issue USAA remains the most prolific and consistent of catastrophe bond sponsors in the market's history. |
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