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NewsIran conflict: Prolonged Middle East war could test global re/insurance markets, AM Best warns
Ratings agency warns about the wider economic shock of the US-Israeli war against Iran, which has spread to the Gulf monarchies and the Strait of Hormuz, the effects of which may outweigh direct insured losses
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NewsTanaka named head of Southeast Asia at QBE Re
Singapore appointment at QBE Re arriving from Aspen supports reinsurer’s expanding Asia strategy
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NewsPrice Forbes builds Singapore treaty team with four senior hires
Ford, Goh, Foster and Lam join as broker expands reinsurance platform in Asia
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NewsMcGill and AIG launch AI-driven capacity partnership
Collaboration could see AIG deploy up to $1.6bn of specialty capacity through broker’s platform
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NewsIran conflict: Naval mines and escort uncertainties to DFC, Chubb scheme
Uncertainties about provision of naval escorts and Iranian threats from mines, drones and missiles face the new marine re/insurance facility announced yesterday by the US International Development Finance Corporation
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NewsIran conflict: War amplifies specialty insurance tail risk, says Moody’s
Missile and drone attacks in the Gulf are increasing tail risk for marine, aviation and political violence insurers, but disciplined underwriting and reinsurance protection mean large carriers are expected to absorb most losses, according to a new sector analysis
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NewsIran conflict: Chubb to lead $20bn DFC marine reinsurance for Gulf shipping
Political and military uncertainties remain for the US government backed facility aiming to restore maritime trade flows through Strait of Hormuz
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NewsGallagher Re appoints Housse to lead North America fac
Senior hire in Atlanta, Georgia brings more than two decades of experience across London and US markets to the reinsurance broker
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NewsOasis SaaS aims to promote choice and safeguard independence in cat modelling
Dickie Whitaker, chair of Oasis SaaS, says the new platform is designed to expand choice in catastrophe modelling, giving re/insurers and brokers access to multiple views of risk rather than relying on a small number of vendor sources
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NewsAon hires Tank and Langley-Poole for credit and financial risks reinsurance team
London appointments strengthen Aon’s expertise across direct credit and reinsurance markets
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NewsReinsurers face ‘conundrum of success’ after profits surge but softer market looms – Oxbow Partners
Record underwriting profits and strong capital buffers have put reinsurers in a position of strength but a new report, from insurance industry focused management consultancy Oxbow Partners, warns that the industry now faces difficult strategic choices as the market cycle begins to turn
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NewsFidelis Partnership promotes four to specialty line leadership roles
New heads for cargo, credit, energy and direct and fac in senior reshuffle at TFP
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NewsSCS can pose a challenge or an opportunity for ILS markets – Acrisure Re
Severe convective storm is emerging as one of the most significant catastrophe perils facing the US insurance market, rising from secondary to the bulk of nat cat claims in consecutive loss years, with rising losses driven less by changing weather patterns than by structural shifts in exposure
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NewsIran conflict: Marine insurers weigh risk along with maritime industry as Strait of Hormuz traffic collapses
War risk cover remains available, but cancellations, spiking pricing and reinsurance withdrawals have contributed, alongside risk perception of insureds, to sharply reduce tanker transits through one of the world’s most important energy chokepoints
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NewsAttard named global head of reinsurance analytics at Aon
Strategy chief takes expanded role as the reinsurance broking firm integrates analytics across reinsurance platform
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NewsIran conflict: Fairmont Palm and DXB attacks reveal coverage gaps for Dubai terrorism buyers
Exclusive: UAE businesses struck by Iranian missile and drone attacks, including Dubai International Airport and Fairmont The Palm, bought terrorism policies rather than broader war or political violence protection
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NewsIran conflict: Moody’s says credit impact on GCC insurers limited for now
Rating agency says investment portfolios, not claims, are the main transmission channel, though prolonged disruption could erode capital and weaken sector outlook
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NewsQBE appoints Cryer as CUO of its international division
Stephanie Cryer’s promotion follows Nick Hankin’s move to lead QBE Re
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NewsGoldie to retire as CUO at MS Re as Bruniecki steps up
Jörg Bruniecki takes over as group CEO from Charles Goldie and Louis De Segonzac appointed chief technical underwriting officer in wider leadership reshuffle
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NewsSze appointed CEO Hong Kong at Liberty
Unified licence structure takes effect from April as leadership transition begins
