News
Sand and snow: Shared financial risk across climate extremes
An op-ed partnership by Brendan Plessis, executive vice president, Sukoon insurance, with Cristiano Zazzara, adjuct professor of finance, NYU Stern School of Business, and Professor Paolo Taticchi, UCL Centre for Sustainable Business
Moderate H1 cat losses mask regional extremes, Aon warns
Global economic losses from natural disasters fell 25% below average to $111bn, but insured cat losses remained broadly in line with historical levels as US severe convective storms dominated the industry toll
Willis Re launches global life reinsurance practice
The new operation will be led by Christian Howells and will provide advisory and broking services for life insurers, reinsurers, and pension and annuity providers
Liberty Specialty Markets: Cyber approaches inflection point as AI amplifies risk
European cyber pricing continues to soften despite elevated losses, expanding digital dependencies and growing regulatory and AI-related exposures, writes LSM’s head of cyber and tech E&O for Europe, Oliver Delvos
LM Re appoints Spurgeon global head of cyber reinsurance
London-based exec succeeds Ivonne Staisch and will lead growth of Liberty Mutual Reinsurance’s global cyber portfolio
Aon expands data centre insurance programme to $5bn
Expanded Data Center Lifecycle Insurance Program adds capacity and broader risk solutions for digital infrastructure assets from development to long-term operations
Aon appoints Liang exec chair of Greater China reinsurance
Hong Kong-based executive brings more than 34 years of insurance experience across China and the US
Benign cat losses reinforce soft market conditions – Gallagher Re
Below-average first-half losses have left catastrophe budgets largely intact, although earthquake, extreme heat and shifting El Niño risks underline the potential for volatility to return
Regulators propose UK captive insurance regime
Aon said the proposals mark a “significant milestone” in establishing the UK as a competitive captive domicile
Howden Re appoints Sogliuzzo to lead North America MET treaty
The former Gen Re underwriter will lead Howden Re’s North America marine, energy and terror specialty treaty build-out
Aon appoints Deehan APAC CEO of strategy and technology group
The former WTW Greater China divisional leader will focus on expanding Aon’s advisory, analytics and technology-led solutions across Asia Pacific
MGAs ready to trade through softening market, says MGAA’s Keating
MGAA CEO Michael Keating says specialist underwriting, flexible cost base and access to capital should help MGAs navigate competitive market conditions
MSIG Asia appoints Shah regional CEO
Former QBE Asia executive will succeed Clemens Philippi and take on an expanded Asia Pacific leadership mandate at MSIG Asia
Registration opens for final Dive In festival
The 12th and final Dive In festival will focus on the interaction between AI, organisational culture and the future of work in insurance
Everest appoints Hanrahan global distribution and chief commercial officer
Ex head of US retail insurance will lead Everest’s global distribution strategy across insurance and reinsurance
AIG appoints Williams as head of global client and broker relationships
In a newly created role, the former Aon US co-head will lead AIG’s enterprise-wide relationships with key global clients and distribution partners
Liberty Mutual appoints Rees to lead GTS
Former GTS chief underwriting officer succeeds Rowan Bamford as global lines leader for the transactional liability business
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