American International Group (AIG) has made two senior reinsurance related appointments, as it continues to underline the importance of reinsurance on both inwards and outwards sides of its book. First, Elaine Rocha has been promoted to Global Chief Operating Officer, Reinsurance at AIG. Rocha has worked at AIG for eleven years, most recently as Chief…

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Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation- focused investment manager, is supporting mentorship and leadership development opportunities for young Bermudians through a new partnership. The investment manager, which undertakes its reinsurance investment activities through its HSCM Bermuda unit based on the island, has entered into a corporate partnership with…

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A slew of private catastrophe bonds have had their maturity dates extended this week, as continued uncertainty related to prior period catastrophe loss activity means collateral continues to be held in case of any qualifying losses becoming applicable to the subject reinsurance or retrocession. Many private cat bonds have seen their maturity extended and collateral…

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Mike Sapnar, the outgoing CEO of global reinsurance group TransRe, is heading for a new role at Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies, according to sources and reports. First reported by two publishers overnight and now discussed by our sources as well as…

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By Marielle Rodriguez, Social Media and Brand Design Coordinator, Triple-I Triple-I’s “Insurance Careers Corner” series was created to highlight trailblazers in insurance and to spread awareness of the career opportunities within the industry. Susan Holliday March is Women’s History Month, and this month we interviewed Susan Holliday, a Senior Advisor at the International Finance Corporation (IFC)…

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Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed global reinsurer, has named Iain Reynolds and Andy Souter as Co-Heads of P&C business, as Chris Kershaw is set to retire from the company in early April. Kershaw, currently Managing Director, Global Markets and Co-Head of P&C at Peak Re, is set to…

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Global insurance and reinsurance capital raising by traditional companies is now approaching $26 billion, according to the latest analysis from broker Willis Re. The reinsurance broking arm of Willis Towers Watson (WTW) explained today that insurers and reinsurers raised some $20 billion of new capital in 2020 alone. This came during the COVID-19 pandemic, demonstrating…

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A third Asagao private catastrophe bond transaction, a roughly $18.3 million Asagao III – White Rock Insurance (SAC) Ltd., has been issued by insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd. The issuance appears to be a renewal of last year’s…

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Global insurance and reinsurance group AXA has announced that Frédéric de Courtois will be rejoining the company as Deputy CEO and will take charge of its Ceded Reinsurance function. de Courtois will re-join AXA at the start of August after five years at rival Generali. He had previously spent 19 years working at AXA, including…

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