casualty reinsurance News

Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli

Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has led the insurance industry to reduce capacity and increase prices to try …

Broker BMS Appoints Pfeffer from OneBeacon as U.S. Chief Casualty Officer

BMS Group, the independent specialist re/insurance broker, announced the appointment of Jonah Pfeffer as chief casualty officer at BMS Re U.S., effective immediately. He will report to Pete Chandler, president and CEO at BMS Re U.S., and focus on the …

Willis Re Names Green as Head of Int’l Casualty Reinsurance, Philipsz as Australia CEO

Willis Re, the reinsurance broking business of Willis Towers Watson, announced the appointment of Cameron Green as head of its International Casualty Reinsurance practice as well as chair of Willis Re Australia. In this new role as the leader of …

AXIS Re Names Sweeting from Vibe Syndicate as Head of Lloyd’s Casualty Reinsurance

AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Joe Sweeting as head of Lloyd’s Casualty Reinsurance. In this role, Sweeting will be responsible for managing all aspects of AXIS Re’s casualty business at …

JLT FAC Taps RSA’s Melbourne as Producer; Carpenter’s Vitale as Head of Casualty

JLT FAC, part of JLT Re, a global provider of reinsurance broking and consultancy, has appointed two senior executives in London and its U.S. team. In London, Nikki Melbourne will join the firm as partner. She joins from RSA where …

ArgoGlobal Launches Lloyd’s Market Motor Treaty Consortium, Supported by Barbican

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of the first Lloyd’s market consortium for motor treaty business. The consortium, led by ArgoGlobal and supported by Barbican Insurance Group, was established in time for Jan. 1 …

Swiss Re Names Richards as Head Casualty Reinsurance; Parton as Head P/C Business Mgmt.

Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C Business Management, and James Shepherd was appointed head of L&H Business Management. Richards will lead the Casualty Reinsurance team, starting …

UK Broker Beach Names RenRe’s Goldberg as Senior VP, Casualty Reinsurance

Beach & Associates, the London-based re/insurance broking and advisory firm, announced the appointment of Julian (Jules) Goldberg as senior vice president. He is based in the London office and reports to Adam Hedley, partner. Goldberg will play an integral role …

Hiscox Merges Casualty Reinsurance Teams; Pascall Leads New Team

Hiscox has merged its Bermuda and London Market casualty reinsurance teams. The new division, operating under the Hiscox Re brand, and led by Nick Pascall as head of Casualty Reinsurance, controls a combined portfolio of US$50 million gross written premiums …

Guy Carpenter Execs Discuss Reinsurance Trends at Rendez-Vous Panel

Challenging market conditions due to abundant capacity, the ongoing influx of new capital and limited loss experience, continue to put pressure on the reinsurance sector, while recent M&A activity is adding a new dynamic to the mix. These were the …