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
MGAA CEO Michael Keating says specialist underwriting, flexible cost base and access to capital should help MGAs navigate competitive market conditions
Former QBE Asia executive will succeed Clemens Philippi and take on an expanded Asia Pacific leadership mandate at MSIG Asia
The 12th and final Dive In festival will focus on the interaction between AI, organisational culture and the future of work in insurance
Ex head of US retail insurance will lead Everest’s global distribution strategy across insurance and reinsurance
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
Former GTS chief underwriting officer succeeds Rowan Bamford as global lines leader for the transactional liability business
Arrow Risk Management has launched a marine insurance practice, appointing Wayne Krause as underwriting practice leader.
Bob Reville joins from Moody’s and will help the re/insurance broker develop casualty catastrophe growth opportunities for insurers
The June 24 earthquake sequence was the strongest to affect Venezuela since 1900, according to Verisk, striking 100 miles west of Caracas
Re/insurance broker Howden Re said Middle East strikes have reshaped underwriting appetite while civil unrest and active assailant perils add pressure globally
Shreyaa Vohra joins from Price Forbes and will lead Gallagher Re’s facultative business from the DIFC
Danielle Stewart has also been promoted to president of Everest Evolution, the company’s US wholesale platform
The re/insurance broker said mid-year renewals delivered double-digit pricing reductions and improved terms on property catastrophe placements
The reinsurance broker said in its midyear renewals report that abundant capital and strong reinsurer returns are improving pricing while allowing cedants to reshape programmes
Nancy Bewlay joins US insurer AIG from AXA and will report to AIG’s president and CEO Eric Andersen
Adroit Underwriting will write across US casualty lines through Pine Walk, backed by TFP syndicates and third-party carriers