Arch Insurance International, part of Bermuda-based re/insurer Arch Capital Group Ltd., has announced the appointment of Ketan Motwani as UK Chief Operating Officer (COO). In his new role, Motwani will directly report to Hugh Sturgess, Chief Executive Officer at Arch Insurance International. He will work closely with the larger Arch senior leadership team to support […]
Great American Insurance Group’s Ocean Marine division has partnered with Amwins Program Underwriters (APU), part of Amwins’ Underwriting division, to provide comprehensive coverage solutions through its marine cargo and stock throughput program. According to Great American, the relationship with APU will additionally provide it with access to new distribution and revenue streams, which will aid […]
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has reshuffled its insurance underwriting operations in the Americas, aligning under three business segments: Large Commercial, Mid-Market and Professional. Lucy Pilko, Chief Executive Officer, Americas, AXA XL, commented, “After taking a close look at our structure, we’re making changes to […]
Leopoldo Camara has been appointed Head of Property & Casualty Reinsurance for Swiss Re’s business in Northern, Central and Eastern Europe (NCEE) and Country President Germany, effective 1 August 2024. Camara joined Swiss Re in 2005 and has since worked in functions across the firm, including Group Finance, Group Risk Management and Life & Health […]
Kova Professions (Kova), a managing general agent (MGA) specialising in Professional Indemnity (PI) insurance, has announced the senior appointments of Celeste Newson as Head of Professional Indemnity and Keeley Patten as Senior Underwriter. Kova is a newly established UK MGA led by CEO Kate Albert, offering PI insurance solutions to mid-market SMEs across all sectors. […]
Bermuda-domiciled international specialty reinsurer Compre has revealed that 2023 was the strongest year in its history, with gross insurance reserves under management growing by 112% YoY to $1.6 billion, driven by newly acquired reserves of over $1 billion. Elsewhere in its full-year 2023 results, Compre disclosed that invested assets stood at $2.4 billion, benefitting from […]
Brazilian reinsurer IRB (Re) has announced its first quarter of 2024 financial result, reporting an improved net income of around USD 15 million (R$ 79.1mn) as well as an underwriting profit of around USD 23 million (R$ 122.4mn), and a combined ratio of 99%. In the same period last year, the company saw a net […]
