This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan Re. A summary of these new hires follows. AXA XL’s Coletti Joins Swiss Re as Head of New Central Cyber …
SCOR announced changes to its group executive committee, which aim to facilitate the reinsurer’s next phase of strategic development. SCOR said all the changes were made with internal promotions. The following group executive committee members continue to serve in their …
Andrew Horton, the former CEO of Beazley, officially became QBE’s new group CEO on Sept. 1 – an appointment that was originally announced in March. Also on Sept. 1, QBE Re announced the appointment of SiriusPoint’s Tracey Gibbons as head …
Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued, according to a report from Swiss Re AG. The insurance-linked securities market could end up with more than $10 billion …
German reinsurance group Munich Re said on Tuesday it would meet its 2021 profit goal as it raised its forecast for gross premiums and predicted higher pandemic-related losses than previously anticipated. Munich Re made the announcements on the back of …
The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results follows for Swiss Re, Everest …
Munich Re’s net profit in the second quarter rose around 90% from a year earlier, beating expectations and giving it confidence of meeting its 2021 profit target. The German reinsurer said in an unscheduled announcement that expenses for major losses …
Africa Specialty Risks (ASR), the pan-African focused reinsurance managing general agent, announced it has secured an additional $10 million in capacity for its Political Violence and Terrorism (PVT) division from Lloyd’s insurer Atrium Underwriting Ltd. This is in addition to …
The Travelers Companies said it has made a “strategic minority investment” in Fidelis Insurance Holdings, a privately-owned global specialty insurer and reinsurer. Neither side disclosed financial terms. “We are pleased to invest in a talented and proven management team and …
QBE Re announced the opening of a new Colombian office and a key regional hire to support local reinsurance in Latin America. The new office will be located in Bogotá, Colombia, and will write life reinsurance business. It will be …
