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Amwins’ Adams retires with Barnhorst to oversee MountainGuard’s NH office

News

People Moves

Amwins’ Adams retires with Barnhorst to oversee MountainGuard’s NH office

Amwins Program Underwriters has announced that Bo Adams has retired after nearly 45 years with the MountainGuard ski insurance program, with Tim Barnhorst now responsible for the operational oversight of its Portsmouth, New Hampshire office.

Fri 2 Jun 2023

News

Capital

Howden Tiger’s Flandro: Early signs of recovery in (re)insurance capital emerging

The (re)insurance sector is seeing the “early signs” of a recovery in capital, according to Howden Tiger’s David Flandro, citing capital inflows, some carriers’ increasing appetite and possible indications of inflation easing.

Fri 2 Jun 2023

Corvus hires SynchronoSure’s Zhou as chief risk officer

Exclusive

People Moves

Corvus hires SynchronoSure’s Zhou as chief risk officer

Corvus has hired SynchronoSure’s chief analytics and actuarial officer Albert Zhou as its new chief risk officer, a role in which he will oversee the cyber insurtech’s pricing and reserving functions as well as the risk-taking elements of its captive, Corvus Re, The Insurer can reveal.

Fri 2 Jun 2023

QBE Re CUO Wilkins departs after 23 years

News

People Moves

QBE Re CUO Wilkins departs after 23 years

QBE Re chief underwriting officer Peter Wilkins “unexpectedly” left the business last week after a 23-year stint at the carrier, the latest in a flurry of senior changes at the ASX-listed firm’s reinsurance arm.

Fri 2 Jun 2023

SiriusPoint names Bronek Masojada as chair

News

People Moves

SiriusPoint names Bronek Masojada as chair

Specialty (re)insurer SiriusPoint has appointed long-time Hiscox CEO Bronek Masojada as chair of the board of directors, effective immediately.

Fri 2 Jun 2023

Canopius launches medical malpractice business with Moulton hire

News

Healthcare

Canopius launches medical malpractice business with Moulton hire

Canopius has launched a medical malpractice business with the appointment of Ashley Moulton as healthcare underwriter.

Fri 2 Jun 2023

Axis promotes Stilwell to CRO of Axis Re

News

People Moves

Axis promotes Stilwell to CRO of Axis Re

Axis Capital has promoted Ben Stilwell to chief risk officer of its reinsurance arm, Axis Re.

Fri 2 Jun 2023

Bermuda reinsurers cite PFAS as emerging area of concern

News

Casualty

Bermuda reinsurers cite PFAS as emerging area of concern

Rating agency executives focused on Bermudian reinsurers have expressed concern over the potential emerging exposures from per- and polyfluoroalkyl substances, according to a KBW note.

Fri 2 Jun 2023

Marine market needs “Plan B” on Russia sanctions: LMA’s Roberts

News

Russia-Ukraine

Marine market needs “Plan B” on Russia sanctions: LMA’s Roberts

Neil Roberts, head of marine and aviation at the Lloyd’s Market Association, has called for the marine insurance sector to come up with a “Plan B” on sanctions levelled against Russia over its war in Ukraine, amid concerns over “unintended consequences” for the shipping sector.

Fri 2 Jun 2023

Analysis

Capital

McKinsey: Insurers must improve appeal to alternative capital to help plug P&C protection gap

Insurers can position themselves to become more attractive to investors to enable alternative capital to become an increasingly core part of capital management strategies alongside traditional reinsurance, according to McKinsey & Company.

Fri 2 Jun 2023

Swiss Re: Sector must build consumer trust to realise AI opportunity

News

Technology

Swiss Re: Sector must build consumer trust to realise AI opportunity

The adoption of AI is providing the global (re)insurance sector with the means to achieve its long-term goals, according to Swiss Re, with the reinsurer warning that companies will need to work harder to build trust with policyholders if they are to realise the opportunity.

Fri 2 Jun 2023

IRB had “inability” to pay shareholders more than $5mn over CFO’s false Berkshire claims

News

Legal/ Regulatory

IRB had “inability” to pay shareholders more than $5mn over CFO’s false Berkshire claims

IRB Brasil Re would have been unable to pay more than $5mn to resolve a probe into a false story that it had received investment from Berkshire Hathaway without threatening “the continued viability” of its business, according to a recently filed agreement with US lawmakers.

Fri 2 Jun 2023

GRII secures new funding to address climate risk data challenge

News

Resilience

GRII secures new funding to address climate risk data challenge

The Global Resilience Index Initiative has secured new funding to further provide global, open and consistent climate risk data to help governments and financial institutions scale up adaptation, resilience and loss and damage finance.

Fri 2 Jun 2023

Talanx’s Langenbach: €1.4bn LatAm deal helps regional diversification drive

Interview

M&A

Talanx’s Langenbach: €1.4bn LatAm deal helps regional diversification drive

Talanx retains an appetite for further M&A in Mexico following its €1.4bn acquisition of a number of Liberty Mutual’s Latin American businesses, part of a drive to create a more balanced portfolio, board member Wilm Langenbach has said.

Fri 2 Jun 2023

Carlyle seeks $33mn in ninth aviation claim against insurers

News

Legal dispute

Carlyle seeks $33mn in ninth aviation claim against insurers

Carlyle Aviation Management has sued Convex and Lancashire for more than $33mn in the ninth legal claim issued by the lessor against its insurers over cover for the loss of aircraft detained in Russia following the invasion of Ukraine.

Fri 2 Jun 2023

Samsung Fire & Marine becomes 14th carrier to exit NZIA

News

ESG

Samsung Fire & Marine becomes 14th carrier to exit NZIA

Korean P&C insurer Samsung Fire and Marine Insurance has become the 14th member to withdraw from the Net-Zero Insurance Alliance, this publication understands.

Fri 2 Jun 2023

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Topics

Events

Content Types

Amwins’ Adams retires with Barnhorst to oversee MountainGuard’s NH office

Howden Tiger’s Flandro: Early signs of recovery in (re)insurance capital emerging

Corvus hires SynchronoSure’s Zhou as chief risk officer

QBE Re CUO Wilkins departs after 23 years

SiriusPoint names Bronek Masojada as chair

Canopius launches medical malpractice business with Moulton hire

Axis promotes Stilwell to CRO of Axis Re

Bermuda reinsurers cite PFAS as emerging area of concern

Marine market needs “Plan B” on Russia sanctions: LMA’s Roberts

McKinsey: Insurers must improve appeal to alternative capital to help plug P&C protection gap

Swiss Re: Sector must build consumer trust to realise AI opportunity

IRB had “inability” to pay shareholders more than $5mn over CFO’s false Berkshire claims

GRII secures new funding to address climate risk data challenge

Talanx’s Langenbach: €1.4bn LatAm deal helps regional diversification drive

Carlyle seeks $33mn in ninth aviation claim against insurers

Samsung Fire & Marine becomes 14th carrier to exit NZIA