TransRe
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This publication recently noted that ongoing rate declines and questions about past accident years are leading to calls for D&O price discipline.
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Sources said the executive, who has over two decades of experience in the (re)insurance sector, will take a position at regional intermediary Reasinter.
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Industry veteran Paul Bonny will continue to offer advice to the company through his ongoing role as non-executive director.
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Mollinier spent 14 years at Aspen, most recently as head of EMEA and LATAM, and will help TransRe to expand its continental European business in his new role.
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This publication’s review of H1 disclosures shows how listed (re)insurers’ nat cat losses have tallied with aggregate projections.
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In tandem, the reinsurer elevated Stephanie Danbrowney to take over Crutchley’s previous role as head of US facultative casualty.
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.
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How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.
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The firm's ethos will remain the same, but the bigger balance sheet may help it win clients and absorb volatility.
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As part of senior role changes, TransRe has also promoted Brian Gallahue to the role of deputy CFO.
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The executive will lead the team for global product strategies, financial planning and applied data, reporting to CEO Brandt.
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Adriana Cisneros was AIG’s LatAm property product leader for more than three years in south Florida.
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The outgoing underwriter has worked at the Bermudian for just over six years, having joined from Hiscox.
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The purchaser is known for having a very low cession ratio, although it said it would leave Alleghany to operate independently.
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The transaction will create a reinsurance entity roughly on a par with Scor in terms of net reinsurance premium.
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Berkshire Hathaway has agreed to buy the TransRe owner in an all-cash deal worth $11.6bn.
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The deal’s exposures are focused in the troubled personal auto market where loss costs have been running ahead of rates.
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The overall combined ratio for (re)insurance operations narrowed by 9.9 points to 89%, driven by lower cat losses.
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The Alleghany-owned reinsurer’s combined ratio weakened by 14.3 points on higher cat losses.
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TransRe had acted as the exclusive underwriting manager on behalf of GenRe for US and Canadian P&C treaty business.
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The Week in 90 Seconds: Biometric data and cyber; Greensill collapse; Guy Carpenter’s Priebe on pandemic risk; Texas storm; Marsh McLennan’s Glaser
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Covid-19 disputes could drag on for years, the executive warned at the Insider London event.
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Plus TransRe contingency losses, Lloyd's chief of staff and a round-up of the rest of the week’s most popular news.
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Paul Bonny and Ken Brandt become co-presidents of global underwriting.
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