Oxbridge Re’s SurancePlus to launch tokenised reinsurance securities on Solana with HCI Group’s Fortex Re program
Oxbridge Re, a leader in digitizing reinsurance securities into tokenized real-world assets (RWA), and its subsidiary SurancePlus have entered into an agreement with HCI Group, Inc. to launch three tokenized reinsurance securities that provide comprehensive contract returns and catastrophe risk exposure based on the results of reinsurance contracts underwritten by HCI’s reinsurance subsidiary Fortex Re….
BMS launches Lloyd’s Consortia & Delegated Authority team led by Richard Wynn
BMS Group, an independent global insurance and reinsurance brokerage, has launched a new cross-team division focused on brokering and servicing syndicates in the Lloyd’s market, led by Richard Wynn as managing director, licensing agencies and syndicates. The newly formed unit will leverage BMS’s operational expertise in licensing structures and customized portfolio configurations. The driver for…
Tokio Marine Kiln appoints Georgina Rennie as Head of Political Violence & Terrorism
International specialist insurance company Tokio Marine Kiln (TMK) has announced the appointment of Georgina Rennie as Head of Political Violence and Terrorism (PVT). In his new role, Rennie will be responsible for leading the strategic development and underwriting performance of the company’s PVT portfolio in London and Singapore. She will report to TMK’s head of…
Intense insurer competition pushes UK DB buy-in pricing to record levels, LCP reports
UK pensions, actuarial and investment advisory firm Lane Clark & ​​Peacock (LCP) reports that intense competition among insurers has driven buy-in pricing for UK defined benefit pension schemes to record levels, according to its latest pensions risk transfer market update. LCP attributed this development to insurers’ capacity remaining at historically high levels, currently exceeding short-term…
Pacific Life Re welcomes industry veteran Durousseau as Head of Capital Solutions, Europe
Pacific Life Re, a provider of life and health reinsurance solutions, has announced the appointment of Florence Durousseau as Head of European Capital Solutions. This strategic hire strengthens Pacific Life Re’s ability to provide insurance companies with solutions designed to improve capital efficiency, reduce balance sheet volatility and achieve sustainable growth. Michelle Moloney, Executive Vice…
Guy Carpenter appoints parametric specialist Rowan Minhas to emerging risk solutions team
Guy Carpenter, the reinsurance brokerage arm of Marsh, has appointed Rowan Minhas to its emerging risk solutions team, where he will focus on parametric reinsurance. Minhas joins Guy Carpenter after nearly four years at Miller Insurance Services LLP, where he most recently served as an Account Processor/Broker in the firm’s Parametric Solutions team. While at…
Pinpoint UK Solutions gets FCA authorisation
Pinpoint UK Solutions Ltd, part of AM Specialty Insurance Group (ASIG), has been authorized by the Financial Conduct Authority (FCA) to operate in the UK market as a direct authorized company. The authorization is an important milestone and is in line with ASIG’s long-term growth plans to develop Pinpoint UK, further supporting its ambition to…
Cyber market to benefit from clear protocols governing review process for BI claims: IUA
A new report from the International Insurance Association (IUA), the representative body for insurance and reinsurers operating in the London market, urges the establishment of clear protocols related to the business interruption (BI) claims review process to benefit the cyber insurance market. The agency explained that these claims often occur in complex situations where tower…
$100bn+ loss event required to materially alter reinsurance pricing: Jefferies
Analysts at Jefferies said it would likely take a major loss event of more than $100 billion to significantly change reinsurance market conditions, following a 15-20% drop in real estate catastrophe pricing at renewal time in June. Early forecasts suggest this year’s hurricane season will be below average as El Niño reduces storm activity and…
John Fletcher named CEO of Willis Re Bermuda
Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has hired Guy Carpenter’s John Fletcher as chief executive officer (CEO) of its Bermuda platform, effective immediately. Fletcher has over 35 years of reinsurance and retrocession experience and is considered the island’s most experienced practitioner. Most recently, he served as…
