Latest news
Companies with higher ESG ratings are a better risk - study
Environmental ratings have the strongest correlation with loss ratios, according to the analysis by Howden and Fidelis
Convex Re Bermuda appoints deputy CEO and CUO
Paul Simons joins as depty CEO from AXA XL where he was most recently CEO of Bermuda Reinsurance
AM Best retains stable outlook on global reinsurance sector
Chief among the negative drivers is heightened natural catastrophe activity that continues to test investors’ risk tolerance levels
Howden completes buyout of AlphaXO Risk Partners
Australia-based specialty broker is one of the major marine insurance intermediaries in the Pacific region
Hurricane Ian drives 2022 nat cat losses to $115 billion
Ian is the second-costliest insured loss ever on sigma records after Hurricane Katrina in 2005 - Swiss Re Institute
Mixed picture for global reinsurers’ YTD results
SCOR, Swiss Re and MS&AD experienced the most deterioration in combined ratios following Hurricane Ian - Gallagher Re
Aon names Robert De Souza president Reinsurance Solutions, APAC
John Carroll will succeed De Souza as Reinsurance Solutions’ CEO of Australia and New Zealand
Nigeria gains parametric flood resilience scheme
Solution will pay out based on flood magnitude with funds targeted for immediate infrastructure reconstruction
Fidelis receives approval for private-equity backed MGU
The Fidelis MGU will be led by chairman and CEO Richard Brindle, and Fidelis Insurance Group will be led by CEO Dan Burrows
Florida buyers will struggle for capacity at 1/1 - Fitch
Rating agency predicts double-digit rate rises for property catastrophe cover driven by insured losses of c.$120 billion
1/1 renewals will test industry’s relevance
The renewals period represents a time to move towards, not away from risk, says Aon’s Andy Marcell
Insurance placed for UK’s first space rocket launch
Once operational, Forgestar will be the world’s first fully returnable and re-launchable satellite platform
Insurers are innovating to address nature loss - Geneva Association
Over 50% of global GDP is dependent on natural capital and ecosystem services, many of which are close to ‘tipping points’
AXA XL appoints head of Cyber, UK & Lloyd’s
She previously held cyber leadership positions in Aon Cyber Solutions
Digital syndicate Ki appoints underwriter
Marsh joins from Sompo International, where she held the role of International Casualty Treaty underwriter
IDF calls for 'convergence' of insurance and disaster risk management
As key milestones announced at COP27, IDF heralds the industry’s ability to influence “systemic change”
Liberty Specialty Markets names Rachel Conran CUO
She most recently served as chief executive officer and board member of RSA Luxembourg
Call for feedback on federal cyber insurance backstop proposals
Federal risk pool proposed to insure large-scale catastrophic cyber incidents must be well crafted, says risk association
Ludlow Re kickstarts ‘Class of 2022’ start ups
Cayman-based Ludlow Re has been launched by Hildene Capital and has seed capital of $1 billion
S&P downgrades SCOR to A+ (stable)
Reinsurer is a “negative outlier relative to close peers” with financial results “below expectations”, states rating agency
Rising interest rates a “silver lining” for insurers
Despite a looming recession, insurance premium growth will rebound in 2024 as interest rates rise - sigma
