News
Acrisure enters Turkish market with Monopoli partnership
Monopoli Sigorta will join Acrisure’s international platform while continuing to operate under its existing brand and leadership team
Geddes appointed CEO of Santam Syndicate 1918 at Lloyd's
Sam Geddes joins the South African firm’s Lloyd’s syndicate from MS Amlin, while interim CEO and CFO Rob Vetch will move into the CFO role
Gallagher Re names Grijalva to lead cyber for APAC
Carlos Grijalva will be based in Hong Kong and tasked with growing the reinsurance broker’s cyber capabilities across the region
Convex gains approval for new Lloyd’s Syndicate 1987
Syndicate 1987 is expected to begin underwriting in July, with a focus on long-tail specialty lines including casualty, political risk and trade credit
Hormuz crisis is reshaping specialty market conditions, Howden Re warns
Marine, energy and political violence markets are under severe stress, according to a report from the reinsurance broker, although wider reinsurance capacity remains resilient, according to Howden Re analysis
Willis warns leaders over AI governance gap
Artificial intelligence (AI) is already reshaping underwriting, claims and cyber defence, but a report from Willis said adoption is outpacing governance frameworks
SiriusPoint launches crisis solutions platform at Lloyd’s
Paul Beattie and Ed Winter have been appointed joint heads of crisis solutions, with the new team focused initially on war, political violence and terrorism risks
Moody’s warns US flood protection gap could top $1trn
A report co-authored by Jennifer Chang, senior vice president for sustainable finance credit, Moody’s Ratings, and Firas Saleh, director of North American flood models, Moody’s, looks at flood scenarios facing the US and warns of a yawning protection gap
Aon appoints Hoffman as global commercial risk CEO
Christian Hoffman will lead Aon’s global commercial risk business, reporting to Joe Peiser, CEO of risk capital
BPL launches BPL Re reinsurance broking division for credit, political risks and surety
The dedicated credit and political risk broker has launched BPL Re, to be led by Alistair McVeigh, who joins from Guy Carpenter, alongside Louis Harvey as director
Insurers urged to be bolder on nat cat risk as climate threats widen
The industry should work more closely with governments, investors and corporate clients if climate-exposed nat cat perils are to remain insurable, speakers warned at the City of London Corporation’s Global Risk Summit
M&A insurance: risk transfer to unlock dealmaking
Alistair Lester, CEO, private equity and M&A EMEA at Gallagher, said insurance is increasingly being used to transfer acquisition risks, facilitate deals, support financing, and help sellers secure cleaner exits
Investors favour scalable ILS structures as allocations rise, Gallagher Re says
Institutional investors are increasing allocations to insurance-linked assets, with demand focused on scalable and transparent structures offering direct access to underwriting returns
Lockton Re launches Brazil ILS platform
Reinsurance broker said its Brazilian SSPE capability will support cedants and investors seeking access to the country’s Letra de Risco de Seguro market
Everest to sell Colombia insurance operation to AIG
Two big US insurers agree a deal as Everest has agreed to sell its Colombia insurance business to AIG, in another step in its shift towards global reinsurance, wholesale and specialty insurance
Sprott joins AIG as global head of marine
Colin Sprott has joined AIG as global head of marine, according to Gordon Browne, global head of specialty
Kanbar named regional CEO of Chedid Insurance Brokers Network
Jad Kanbar has been appointed regional CEO as Chedid expands its footprint and specialty lines portfolio
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