News

Actuarial & underwriting

AXA, Hannover and Willis Towers Watson complete market first longevity swap covering predominantly non-pensioners

AXA UK Group Pension Scheme has executed a £3 billion longevity swap with Hannover Re, the first deal of its kind where over 95 percent of members covered were non-pensioners.   18 March 2021

Actuarial & underwriting

Pinnacle University unveils the topics for this year’s virtual programme

Pinnacle Actuarial Resources has selected topics including usage-based insurance, machine learning and a hypothetical insurance product for professional baseball organisations in the programme for its eighth annual Pinnacle University, which this year will be conducted virtually.   18 March 2021

Actuarial & underwriting

Ryan Re names Boornazian and Issavi as new leadership team

Ryan Specialty Group (RSG) has created a new formalised leadership structure for Ryan Re Underwriting Managers (Ryan Re), an RSG subsidiary that underwrites on behalf of Nationwide.   15 March 2021

Actuarial & underwriting

AXIS and Elpha Secure unveil cyber collaboration for small businesses

AXIS Insurance is partnering with Elpha Secure, a cyber security company built for the insurance industry, to provide cyber insurance and software protection for small businesses.   15 March 2021

Actuarial & underwriting

Africa Specialty Risks hires Way to develop bespoke Africa-specific pricing models

Africa Specialty Risks (ASR), the Pan-African focused reinsurance group, has appointed Peter Way as an actuary to focus on the development of in-house pricing models.   12 March 2021

Actuarial & underwriting

US Coast Guard expands requirement for cyber coverage

The US Coast Guard has updated its guidance to marine inspectors and port state control officers on assessing cyber risk management in commercial vessels, expanding the range of vessels that must comply.   11 March 2021

Actuarial & underwriting

Beazley launches SPAC-specific D&O coverage

Beazley has launched a directors’ and officers’ (D&O) product suite specifically for special purpose acquisition companies (SPACs).   10 March 2021

Actuarial & underwriting

DARAG signs its second deal with Norway’s Protector Forsikring

DARAG Group has signed a retrospective quota share reinsurance agreement with Protector Forsikring, a multinational general insurance company listed on the Oslo Stock Exchange.   10 March 2021

Actuarial & underwriting

Gallagher Re builds up its legacy capabilities with hire

Gallagher Re has named Andrew Rothseid as partner and head of legacy, a new role.   10 March 2021

Actuarial & underwriting

Cutts Watson named as non-exec chairman at Sapphire

Guernsey-based Sapphire Underwriting has named Malcolm Cutts-Watson as non-executive chairman.   3 March 2021

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