Strategic appointments support global portfolio and claims integration goals Rokstone has announced the appointment of three senior leaders to key roles as part of its strategy to expand operations and strengthen its managing general agent (MGA) platform.   Eddie Hughes (pictured above, right) has joined Rokstone as head of specialty reinsurance. Hughes, who has nearly […]

Novel launches with Bredahl as CEO, Bonneau as Chairman Novel Financial Holdings, a new independent holding company that will oversee insurance carriers supporting managing general underwriters (MGUs), has launched with former PartnerRe CEO Jacques Bonneau as Chairman and Howden Re’s Rob Bredahl as CEO.   The executive team also includes Chris Coleman as Chief Financial […]

IRB(Re) sponsors Brazil’s inaugural ILS transaction, R$33.7m Andrina Brazilian reinsurer IRB(Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE), has issued the first insurance-linked securities (ILS) transaction in the country, a R$33.7 million transaction (USD 5.9m) covering risks related to the reinsurer’s surety bond portfolio.   This issuance of the first ILS […]

Travelers to sell Canadian personal & most of commercial arm to Definity Financial Property and casualty insurer, The Travelers Companies, Inc., has agreed to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Canadian property and casualty insurer Definity Financial Corporation for approximately $2.4 billion.   The […]

CLARA Analytics reveals breakthrough in early insurance fraud detection CLARA Analytics, a provider of artificial intelligence technology for commercial insurance claims optimisation, has released new research demonstrating that advanced machine learning can identify signs of potential fraud just two weeks after a claim is filed—dramatically ahead of traditional fraud detection timelines.   Published in November […]

Root names Oliver Evans as Head of Growth UK to support expansion plans Root Platform, the API-first core platform for delegated authority insurance business, has announced the appointment of Oliver Evans as its new Head of Growth UK, supporting Root’s ongoing plans to expand within the UK insurance market.   Evans has held roles across […]

Insurance Europe leaders present five priorities to boost EU competitiveness and climate resilience Insurance Europe, the organisation representing the European insurance and reinsurance sector, has outlined key priorities ahead of the 15th International Conference. According to a statement from Insurance Europe’s leadership — Frédéric de Courtois, President; Alexander Sarrigeorgiou, Vice-President; and Thea Utoft Høj Jensen, […]