News

Insurance

ABIR picks Hamilton's Albo as deputy chair, Catlin's Convex as newest member

The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton CEO Pina Albo as its deputy chair, and added Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group to its membership.   18 July 2019

Insurance

Artex promotes Thompsett to COO and Marshall to CFO

Risk management provider Artex has promoted Stephen Thompsett to chief operating officer (COO) and Brandon Marshall to chief financial officer (CFO).   18 July 2019

Insurance

S&P says Swiss Re ReAssure ratings to remain negative following IPO suspension

S&P Global Ratings has said that its 'A-' ratings on Swiss Re ReAssure (SRRAL) will remain on Credit Watch with negative implications following the suspension of its initial public offering (IPO) on July 11.   17 July 2019

Insurance

Allianz appoints Zurich's Glaucia Smithson as AGCS South America CEO

Allianz Group's corporate insurance carrier has appointed new regional leader for its South American business from Zurich.   17 July 2019

Insurance

Aon appoints Joshua Walker to lead intellectual property product development

Re/insurance broker Aon has appointed Joshua Walker as chief product officer for its intellectual property solutions unit   17 July 2019

Insurance

Arc Legal boosts commercial team with new hires

Arc Legal Assistance, a provider of legal expenses insurance in the UK and Ireland, has expanded its commercial team in response to business growth   17 July 2019

Insurance

Victor appoints John Stephenson to UK country manager role

Victor Insurance Holdings, a managing general underwriter (MGU) formerly known as the Schinnerer Group, has appointed John Stephenson as UK country manager, and Fred Willemze as strategic partnerships director.   17 July 2019

Insurance

Apollo hires Fidelis' Nick Burkinshaw as chief underwriting officer to drive profitable growth

Apollo Syndicate Management, an independent specialist re/insurer at Lloyd’s, has appointed Nick Burkinshaw to the newly-created board level position of chief underwriting officer (CUO).   16 July 2019

Insurance

Moody’s: insurers ‘will face a one-off hit to earnings’ after UK Ogden rate review

Moody’s Investors Service has warned that the Ogden discount rate of minus 0.25 percent, revealed today by the UK’s Lord Chancellor, will mean a “one-off hit to earnings” for reinsurers that have been working to expectations of a new rate between zero and 1 percent.   15 July 2019

Insurance

Convex partners with insurtech Cytora for AI-powered commercial underwriting solution

Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group has partnered with UK-based insurtech Cytora to develop artificial intelligence-powered solutions for the commercial insurance industry.   15 July 2019

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