SiriusPoint appoints reinsurance veteran to newly created role

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SiriusPoint has announced that reinsurance industry veteran Bobby Heerasing (pictured above) has been appointed as head of international strategic business development, a newly created role.

Based in Singapore, Heerasing will be responsible for the strategy and development of SiriusPoint International’s growth objectives and management of strategic partnerships with key industry partners and clients, focusing first on the Asia-Pacific region, the company said. He will report to Monica Cramér Manhem, SiriusPoint’s president for international reinsurance.

“We are delighted to welcome Bobby to SiriusPoint and to attract a candidate of his calibre,” Cramér Manhem said. “As a driven and creative executive, he

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TigerRisk appoints industry veteran to lead MGA business

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TigerRisk, a risk, capital and strategic advisor to the global insurance and reinsurance industries, has appointed Jim Kilduff (pictured) to head up its managing general agents (MGA) business. Kilduff, who has served the reinsurance industry for 17 years and has two decades of experience in the MGA and program space, joins from his role as CEO of Harbor Hill Solutions.

In a press release, TigerRisk noted that Kilduff has extensive experience in helping MGAs to find and secure carriers partners as well as working with insurtechs, program managers, insurance and reinsurance companies, and retail and wholesale distributors. Before his role

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What’s triggered an uptick in M&A insurance claims?

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“We’re getting significantly more claims, but the business that we’re writing has grown by the same amount, so it’s in line with expectation,” he said. “One new trend is that claims are coming in quicker. It used to be the case that if you wrote a policy in 2010, you wouldn’t expect to see a claim on that policy until 2012 at the earliest. Now that claim is coming in within the first 12 months of writing the policy.”

According to Liberty GTS’s 2021 M&A Claims Briefing, 57% of claim notifications were made in the first 12 months of the

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Apollo Group Holdings obtains multi-million investment

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Lloyd’s business Apollo Group Holdings Limited will be backed by Alchemy Special Opportunities Fund IV LP (Alchemy) through an agreed investment worth US$90 million (around SG$122.01 million).

In a release, the independent specialist (re)insurer said the amount will support the continued growth of its hybrid underwriting model. The company, which leads a number of London market consortia, provides underwriting and syndicate management services for third parties alongside Apollo’s own balance sheet.

“We are delighted to be forming this new partnership with Alchemy,” commented Apollo chief executive David Ibeson. “It reinforces our belief in the continued opportunity provided in the Lloyd’s

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