Optio MENA reinsurance operation commences tradingSpecialty MGA Optio Group has begun trading under its recently established Dubai-based operation, Optio Re MENA Ltd, following approval from UAE regulatory authorities.
Axis takes $23mn hit in first Asia “deemed hospitalisation” loss of Q4Axis Capital has become the first international (re)insurer to see its Q4 results hit by the latest wave of Covid-19 claims, with the Bermudian carrier recording a $23mn hit related to deemed hospitalisation cases in Japan.
Insurtech Sprout.ai partners with AdvanceCareClaims automation technology insurtech Sprout.ai has continued its expansion with a new partnership with insurer Generali’s health insurance arm AdvanceCare.
Ambac’s Xchange Benefits MGU launches Distribution ReAmbac-owned MGU Xchange Benefits has set up a protected cell company named Distribution Re, which will insure accident and health risks primarily in the form of high deductible medical stop loss plans.
RSA makes dual A&H appointmentRSA Insurance has announced the appointments of Laura Fox and Forhad Alam to its UK specialty lines accident and health business.
Lockton hires Aon’s Rechtern as A&H head in P&C boost(Re)insurance broker Lockton has appointed Robert Rechtern as head of accident and health (A&H), sports and contingency.
Everest Re hires AIG’s Austin to lead North America A&HEverest Re has hired Shawn Austin from AIG as its new head of accident and health (A&H) for North America, with the new recruit succeeding Lou Monteagudo who will retire at the end of the year after 26 years with the company.
Brit adds RSA’s Hinton to A&H teamBrit has appointed Jack Hinton as an underwriter in its accident and health (A&H) team.
Sompo International names Generali’s Chiurlo as head of A&H EuropeSompo International has named Stefano Chiurlo as head of accident and health (A&H) for Europe.
De Pre joins Aon as head of strategy for US A&H reinsuranceFormer Guy Carpenter and Towers Watson veteran Jim De Pre has joined Aon as head of strategy for its A&H reinsurance business in the US as the firm continues to add to its ranks of senior industry executives, The Insurer understands.
Swiss Re CorSo hires Guy Carp’s Fries to lead A&H North AmericaSwiss Re Corporate Solutions has recruited Guy Carpenter’s John Fries to fill the head of accident and health (A&H) North America role that has been vacant since Katie McGrath stepped up to CEO in the region, The Insurer can reveal.
Chubb completes $5.36bn deal to acquire Cigna’s APAC operationsChubb has completed its $5.36bn deal to acquire Cigna’s $3bn premium-generating personal accident, supplemental health and life insurance operations in six markets across the Asia Pacific region.
Players Health raises $28mn with SiriusPoint and Mastry supportPlayers Health has completed a $28mn funding round led by SiriusPoint and three-time NBA champion Andre Iguodala’s Mastry Ventures, with the capital raised fuelling further technology investment to support the insurtech’s expansion.
SiriusPoint hires Zurich’s Price to lead travel A&H bookSiriusPoint has hired Christopher Price as head of travel for accident and health.
Axa XL promotes Maynard to lead UK and Lloyd’s A&HAxa XL has promoted Andrew Maynard to head of life, accident and health (A&H) for the UK and Lloyd’s.
Lockton Re launches accident, life and health unit with Aon’s KreagerExpansive Lockton Re has hired Rob Kreager as senior broker and accident, health and life segment leader.
Sompo International takes Axa XL’s Corbett to lead global A&H offeringSompo International Holdings has appointed Patrick Corbett to build out its global accident and health offering.
Gallagher Re names Jamie Costigan SVP of NA health segmentGallagher Re has appointed Jamie Costigan as a senior vice president in its North American life accident and health segment, effective immediately.
Castel’s Vecta completes management buyoutCastel Underwriting Agencies’ accident and health (A&H) underwriting cell, Vecta Risk Partners, has completed a management buyout from the Arch Capital-owned MGA formation platform.
Zurich NA agrees capacity deal with medical stop loss MGU IOA ReZurich North America has agreed a new capacity partnership with specialist MGU IOA Re as the insurer looks to build out its book of middle market-focused medical stop loss business.