Several international reinsurers, including Lloyd’s of London, are applying for permission to operate in India’s Gujarat International Finance Tec City (GIFT City), reported Reuters. Other companies aiming to set up in the city include South Korea’s Samsung Re, Africa's Kenya Re and Spain’s Mapfre Re, noted the news agency, citing unnamed sources. These companies would join more than a dozen reinsurers from various regions that have already established a foothold in GIFT City. The sources indicated tha ...

Lockton has appointed Peter Rapciewicz as the new US Casualty leader and Jessica Cullen as head of Excess Casualty and Operations. Rapciewicz brings more than two decades of experience to his new position, where he will direct the growth of Lockton's casualty offerings in the US. He will report to Devin Beresheim, the US Risk Solutions Leader at Lockton. Rapciewicz's previous position involved leading Lockton’s Alternative Risk Solutions Practice, where he oversaw parametric insurance, structured risk s ...