Latest news
Reinsurance and Resilience: Has the GCC insurance landscape truly changed after the Dubai floods?
By Melissa Ford, senior vice president and head of Middle East and Africa treaty reinsurance, Everest
Middle East PV continues to soften amid new London market entrants – IGI’s Abulqasim
Zuhair Abulqasim, senior underwriter for political violence at IGI, based in the DIFC, will be joining the PV roundtable taking place during DWIC 2025.
UAE insurers show strength amid storms and structural shifts – AM Best
Insurers in the UAE show signs of resilience following last year’s record rainfall, according to a new report from rating agency AM Best.
Rüede appointed CEO to lead SCOR L&H
Joining from rival reinsurer Swiss Re, Philipp Rüede also becomes a member of SCOR’s executive committee.
Helvetia Baloise merger to create Switzerland’s second largest insurer
Merger of equals will have a business volume of CHF 20bn and a market share of around 20% in Switzerland.
Ortega Lamaignère joins Nexus trade credit in Spain to lead broker partnerships
Ana Ortega Lamaignère was previously sales manager for Coface Global Solutions in Spain.
Aon reports record $38bn in Q1 insured catastrophe losses
Wildfires in California alone contributed about $38bn of insured losses, or 71% of the total, according to the re/insurance broker.
Rokstone appoints Hussey to lead DIFC office
Giles Hussey joins the international specialty re/insurance MGA in Dubai from his previous role at reinsurance broker Guy Carpenter.
Davies opens Qatar office to grow Middle East footprint
Ricky Maloney, who serves as Qatar country executive and head of the GCC region, will lead the office.
El Bahtouri and Bouanani join Specialty MGA in Casablanca
Laila El Bahtouri and Mohamed Bader Bouanani join the Middle East and African focused MGA from Moroccan reinsurer SCR.
Parametric expanding in Africa and ILS markets – GC&C’s Edwards
Simon Edwards leads parametric underwriting at Generali Global Corporate & Commercial (GC&C) in the UK, including an expanding partnership with Descartes Underwriting.
Aon: Global insurers step back from hard market stance, cyber and D&O primary markets soften
Buyer-friendly conditions are expected to continue in 2025 across key lines of commercial primary insurance buying, such as D&O and cyber business, according to Aon.
Romeo and Gordon join Acrisure Re in Bermuda expansion
Roman Romeo (pictured, left) was previously CEO of Aon Reinsurance Solutions in Bermuda; Barry Gordon (pictured, right) also joins to lead ILW business.
Gallagher: London leads softening marine rates as war risks remain volatile
Softening hull rates meet hard realities in war and claims inflation, according to a new marine insurance report from the broker.
GCube: Extreme weather is global threat to renewables
Renewable energy insurer GCube, owned by Tokio Marine HCC, released a report that is a warning, but also a call to adapt, collaborate, and build resilience into the global renewables market.
Oates joins Africa Specialty Risks as head of reinsurance
Trevor Oates joins from Canopius, where he was a treaty underwriter, with experience in property, construction, engineering, political violence and terrorism.
Ziolkowski to lead Canopius in Australia and New Zealand
Andrew Ziolkowski replaces Craig Elliot, interim head since December, who will now lead casualty and distribution in the region.
Urbieta named EMEA broking chief at Aon
Erlantz Urbieta takes over EMEA chief broking role from Terence Williams, who moves to APAC.
Willis warns of ‘profitability tightrope’ for energy insurers
Willis’s global head of natural resources, Rupert Mackenzie, warned that insurers’ profitability challenges are mounting.
SCOR denies accusation of obstructing Covéa-Partner Re merger
Paris-headquartered international reinsurer SCOR is under examination in connection with an alleged attempt by former CEO the late Denis Kessler to obstruct the 2022 takeover of PartnerRe by Covéa. The French reinsurer has denied any involvement.
Dickerson joins Lockton Re to lead global legacy and retro
James Dickerson joins from rival reinsurance broker Gallagher Re, where he was global head of retro business.
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