News

Insurance

Sompo International unveils new unit in Luxembourg

Bermuda specialty re/insurer Sompo International Holdings has unveiled a new subsidiary in Luxembourg, which will cover business written in Continental Europe and have branches in Belgium, France, Germany, Italy, Spain and the UK.   4 September 2018

Insurance

Everest hires Lloyd's Vandendael to lead global expansion

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired Lloyd’s chief commercial officer Vincent Vandendael as CEO of Everest Insurance international.   3 September 2018

News

Munich Re subsidiary NewRe appoints new CUO to drive P&C growth

NewRe, a wholly owned subsidiary of Munich Re, has appointed Artur Klinger as new chief underwriting officer for the property and casualty business.   3 September 2018

Insurance

Irish central bank fines PartnerRe for overstated solvency positions

The Central Bank of Ireland has fined PartnerRe Ireland Insurance and Partner Reinsurance Europe a combined €1.5 million.   22 August 2018

News

Hannover Re CEO steps down, is replaced by Swiss Re's Henchoz

Hannover Re’s CEO Ulrich Wallin is stepping down and retiring in May 2019 after more than 35 years at the reinsurer. He will be replaced by Swiss Re’s Jean-Jacques Henchoz.   22 August 2018

Insurance

Enstar secures up to $1bn for acquisitions

Bermuda-based Enstar Group has entered into a five year unsecured $600 million revolving credit facility with a group of lenders to fund acquisitions as well as for “general purposes.”   22 August 2018

Insurance

Insurtech-based premiums to exceed $400bn by 2023

Insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018, according to a study by Juniper Research.   22 August 2018

Insurance

AIG replaces chief information officer

American International Group (AIG) has hired John Repko as executive vice president, chief information officer (CIO), succeeding Martha Gallo who is leaving AIG to pursue other interests.   22 August 2018

Insurance

Zurich North America hires new chief claims officer from Allied World

Zurich North America has hired Allied World's Paul Lavelle as chief claims officer. He succeeds Steve Hatch, who retired earlier in August.   22 August 2018

Insurance

AXIS names first chief strategy officer

Bermuda-based specialty re/insurer AXIS Capital Holdings has appointed Linda Ventresca to the newly created position of chief strategy officer.   22 August 2018

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