HOME
ABOUT
PRODUCTS
OUR CLIENTS
Q&A
NEWS & BLOG
CONTACT
Somerset Bermuda
RSS Feed Test
MAY
19
Jamaica secures new parametric hurricane cover via World Bank cat bond
By:
Kane Wells
on
MAY
19
The Government of Jamaica has returned to the catastrophe bond market for a third time with an issuance from the World Bank’s International Bank for Reconstruction and Development (IBRD), renewing a key part of its disaster risk financing infrastructure after its second catastrophe bond was triggered and paid out in full following Hurricane Melissa in […] The post Jamaica secures new parametric hurricane cover via World Bank cat bond appeared first on ReinsuranceNe.ws.
Read more >>
MAY
19
QBE and K2 partner to expand property offering with new parametric coverage
By:
Saumya Jain
on
MAY
19
International insurer and reinsurer QBE has expanded its property offerings and included new parametric coverage through an enhanced partnership with K2. The re/insurer explains that this move is a direct result of the growth in complex catastrophic risks, which organisations are increasingly seeking innovative insurance coverage and solutions for. This collaboration builds on a long-standing […] The post QBE and K2 partner to expand property offering with new parametric coverage appeared first on ReinsuranceNe.ws.
Read more >>
MAY
19
Aon names Ben Major as Head of Cyber Broking
By:
Taylor Mixides
on
MAY
19
Aon, the global professional services firm specialising in risk, retirement and health solutions, has appointed Ben Major as Head of Cyber Broking within the financial lines division of its Global Broking Centre. He brings considerable experience from the London insurance market, having worked across professional and financial lines with a strong emphasis on the development […] The post Aon names Ben Major as Head of Cyber Broking appeared first on ReinsuranceNe.ws.
Read more >>
MAY
19
Liberty Mutual increases stake in Liberty General Insurance JV to 74%
By:
Beth Musselwhite
on
MAY
19
Liberty Mutual Insurance, a property and casualty insurer, has announced that it has increased its shareholding in Liberty General Insurance Limited (LGI) to 74%. Liberty General Insurance Ltd. is a joint venture (JV) between Summit Asia Investments Holdings Pte. Ltd., a group company of Liberty Mutual Insurance Group, which now holds a 74% stake, and […] The post Liberty Mutual increases stake in Liberty General Insurance JV to 74% appeared first on ReinsuranceNe.ws.
Read more >>
MAY
19
Markel appoints Sebastian Rice as Head of Global Development, Trade Credit
By:
Beth Musselwhite
on
MAY
19
Markel Insurance, the insurance operation within Markel Group, has announced the appointment of Sebastian Rice as Head of Global Development – Trade Credit. In his new role, Rice will report to Phil Amlot, Global Head of Trade Credit – International, working closely with him to drive innovative, solution-led underwriting and develop tailored offerings that respond […] The post Markel appoints Sebastian Rice as Head of Global Development, Trade Credit appeared first on ReinsuranceNe.ws.
Read more >>
MAY
19
VIG completes NÜRNBERGER acquisition
By:
Kassandra Jimenez-Sanchez
on
MAY
19
Vienna Insurance Group (VIG), an insurance group in Central and Eastern Europe, has completed the previously announced acquisition of NÜRNBERGER Beteiligungs-AG. The process began in the summer of 2025 when VIG announced it was considering the acquisition of a majority stake in NÜRNBERGER . After concluding the due diligence process, VIG launched a voluntary public […] The post VIG completes NÜRNBERGER acquisition appeared first on ReinsuranceNe.ws.
Read more >>
MAY
19
Rajesh Laheri to succeed V. Balkrishna as GIC Re CFO
By:
Kassandra Jimenez-Sanchez
on
MAY
19
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has announced that its Board of Directors has accepted the resignation of V. Balkrishna as Chief Financial Officer (CFO) and Key Managerial Person. According to the announcement, the executive is retiring under the company’s Voluntary Retirement Scheme of the Corporation. Rajesh Laheri, Deputy […] The post Rajesh Laheri to succeed V. Balkrishna as GIC Re CFO appeared first on ReinsuranceNe.ws.
Read more >>
MAY
19
Climate risk insurance is becoming essential for India’s workforce: Howden India’s Huq
By:
Saumya Jain
on
MAY
19
India is grappling with intense heatwaves driven by increased climate volatility, and the people bearing the brunt of these conditions are vulnerable workers who are unable to absorb repeated income shocks, making insurance for climate risk essential rather than optional, says Mohammad Faizan Huq. Huq is the Associate President – Reinsurance Head of Agriculture, Parametric […] The post Climate risk insurance is becoming essential for India’s workforce: Howden India’s Huq appeared first on ReinsuranceNe.ws.
Read more >>
MAY
18
Dominick Hoare to retire at year-end after more than 32 years with Munich Re
By:
Luke Gallin
on
MAY
18
Dominick Hoare, Group Chief Underwriting Officer, Munich Re Specialty, Global Markets and Active Underwriting Syndicate 457, is set to retire at the end of 2026 after more than 32 years of service. Hoare joined Munich Re, one of Europe’s big four reinsurance companies, in 1994 and has held various senior underwriting and leadership positions during […] The post Dominick Hoare to retire at year-end after more than 32 years with Munich Re appeared first on ReinsuranceNe.ws.
Read more >>
MAY
18
US P&C insurance industry faces weaker growth in 2026 despite improved underwriting results
By:
Taylor Mixides
on
MAY
18
The US property and casualty (P&C) insurance industry is projected to see underlying growth fall to -3.7% in the first half of 2026, down from 1.6% in 2025, as insurers continue to contend with catastrophe exposure, inflationary pressures and rising claims costs, according to new forecasts from the Insurance Information Institute (Triple-I) and actuarial and […] The post US P&C insurance industry faces weaker growth in 2026 despite improved underwriting results appeared first on ReinsuranceNe.ws.
Read more >>
More Posts
CONTACT US:
USA (816) 868 9429
LONDON +44 (0) 7534520098
info@somersetbrokers.com
Somerset Bermuda
BERMUDA +44 (1) 535 1285
info@somersetholdingsbm.com
Privacy Policy
|
Terms of Use
Storm Tracker
Share by:
