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Leadership changes made at Allianz Partners and Allianz Direct

Allianz Group, the global insurance and financial services provider, is changing the leadership of Allianz Partners and Allianz Direct. The appointments follow Tomas Kunzmann’s appointment to the Allianz SE Board of Management and are intended to provide continuity across both businesses while supporting their respective growth plans. All appointments are subject to regulatory approval, with…

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Kristof Terryn to lead ‘world’s largest’ specialty insurance business as Beazley joins Zurich

Kristof Terryn has been appointed CEO of Beazley and Zurich Global Specialty, subject to regulatory approval, following Zurich’s £8.1bn acquisition of Beazley, creating what it describes as the world’s largest specialty insurance business. The combined business will be headquartered in London, with Terryn taking over as Adrian Cox departs Beazley as the insurer begins a…

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InEvo Re completes reinsurance transactions with two new UK insurance clients

InEvo Re, a Bermuda Class E life and annuity reinsurer, has completed two reinsurance transactions with two new UK insurance clients. According to the firm, the transactions are evidence of its “leading position” in the UK funded reinsurance market, and reflect its expanding capacity to deliver complex, tailored solutions to insurers across international markets. Alex…

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Munich Re’s $3.2bn long-term care reinsurance transaction with Manulife now in-force

The previously announced deal between Munich Re’s US life reinsurance subsidiary, Munich American Reassurance Company (Munich Re Life US) and Manulife Financial Corporation, which sees the former assume the biometric risk on a USD 3.2 billion block of the latter’s long-term care policies, is now in-force. Manulife highlighted that this deal aligns with its ongoing…

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Skyward Group brings AV specialised coverage to US primary market

Skyward Group, the unified specialty insurance organisation whose operating businesses include Skyward Specialty and Apollo, has expanded ibott’s autonomous vehicle (AV) expertise directly into the US primary market, adding a complete suite of solutions and products for the rapidly evolving mobility sector. The move extends specialised coverages across the entire AV ecosystem, targeting commercial exposures…

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