News
Howden Re: LatAm renewals soften amid abundant capacity
Reinsurance renewals on 1 July were shaped by competition, over-placement and growing interest in structured and parametric solutions, Howden Re said
AXA XL appoints Giordano as global CUO
Jeanmarie Giordano joins from Everest, succeeding Libby Benet, who has been appointed CEO of AXA XL Risk Advisory
Aon launches Contract AI for reinsurance coverage analysis
Artificial intelligence platform will allow Aon brokers to assess exclusions, clauses and market trends across 15 lines of reinsurance business
Bermuda focuses on innovation and diversification to build on reinsurance strength
Bermuda wants to use its re/insurance market strength as a platform for innovation, economic diversification and new business formation across insurtech, digital assets, cyber and shipping
Willis says most cyber breach losses are covered
The broker’s latest claims report analysed 5,500 cyber claims across 95 countries and around $1bn of insurer payments
Price Forbes builds MEA fac team with two senior hires
Facultative reinsurance hires Tarek Semaan and Anthony Abi Fadel join from Gallagher Re as Price Forbes expands its capabilities in Dubai
Synthetik: data centres need engineering-based PML approach for PVT risk
Synthetik Insurance Technologies has warned that traditional political violence and terrorism modelling may fail to capture the step change in loss severity facing data centres when blast effects move from external damage to internal structural impact
Gallagher Re: Florida reforms drive market softening amid quieter hurricane outlook
Reinsurance broker’s nat cat update said Florida buyers used a softer market to add protection, as the broker highlighted lower expected Atlantic hurricane activity and abundant mid-year capacity
LSM, ICEYE launch parametric wildfire cover using satellite data
Liberty and ICEYE have launched a building-level parametric wildfire solution in the US and Australia, using satellite data and automated damage assessment to support faster payouts after wildfire events
Aon names Dando chief broking officer for Global Broking Center
Steve Dando will set the broking strategy for Aon’s London-based wholesale and specialty broking business
Willis Re appoints Fletcher as Bermuda CEO
John Fletcher joins the reinsurance broker, previously at Guy Carpenter, where he led its Bermuda operations since 2018
BMS launches delegated authority and consortia team
Richard Wynn will lead the new cross-team unit, which will focus on broking and servicing Lloyd’s market consortia
Lancashire US expands with three new product lines
Financial lines, inland marine and environmental liability will join Lancashire Insurance US’s existing energy casualty, property and general casualty offering
Gallagher Re warns AI model evaluation is limiting insurer confidence
Current evaluation methods focus on performance rather than failure, creating challenges for insurers seeking to price AI risk, the broker said
Willis Re appoints Summers as global specialties CEO
Jim Summers joins from Guy Carpenter, where he was deputy CEO, global specialties, and global head of marine and energy specialty
Thofern to retire as Aon Reinsurance CEO for Germany
Jan-Oliver Thofern will step down at the start of 2027 after more than 30 years working at the reinsurance broker, with a succession process already underway
Africa’s investment future depends on understanding risk differently – ATIDI
CUO of ATIDI Benjamin Mugisha argues that Africa needs more accurate risk assessment, stronger risk mitigation tools and greater reinsurance confidence to unlock long-term private investment across infrastructure, energy and trade
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