Reinsurance News

Inver Re, the Ardonagh Group’s reinsurance broking arm, has added a new leadership position focused on parametric risk transfer, hiring Gareth Davies from Price Forbes as its new Chairman, Parametrics.

Inver Re, the Ardonagh Group’s reinsurance broking arm, has made a key hire in taking well-known industry executive Tom Johansmeyer from Verisk’s PCS unit, to become the brokers’ new Global Head of Index products, Artemis has learned.

Adopting a defensive position, with respect to the 2022 hurricane season, has paid off for an industry loss warranty (ILW) focused investment strategy, according to the CEO of the City National Rochdale Select Strategies Fund.

Jeremy Noble, President of Insurance at Markel Corporation, said during the re/insurer’s Q1 2023 earnings call yesterday that the combination of the current rate environment in the property sector and its own initiatives, points to a compelling risk / return proposition as the firm continues to work hard to raise capital across its Nephila Capital […]

Bermuda-headquartered re/insurer AXIS Capital ceded significantly less in reinsurance premiums to third-party capital partners in the first-quarter of 2023, earning much lower fee income at the same time.

Catastrophe data aggregator PERILS has released an updated insurance and reinsurance industry loss estimate for the October 2022 Southeast Australia floods of AU $907 million, up roughly 8% from the previous estimate reported in January.

Nephila Capital, one of the largest insurance-linked securities (ILS) fund management operations in the market, is reported by its parent Markel to have had $7.2 billion in assets under management as of March 31st 2023.

The running-off of the Markel CATCo Investment Management portfolios of retrocessional reinsurance continues apace, with additional favourable development booked in the first-quarter of 2023, and now just 10 open contracts said remaining at the Markel CATCo Re reinsurance vehicle.

Markel Corporation has announced the hiring of Amandeep Dhillon as Managing Director, Global Head of Catastrophe and Exposure Management, who joins the company from his most recent position as a senior ceded reinsurance officer at AIG.

Global reinsurance giant Hannover Re continued to expand the volume of collateralised business that it acts as a front or transformer for in 2022, with ceded limit rising 36% to almost EUR 6.2 billion for the year.