News
Verisk estimates Venezuela quake losses above $10bn
The June 24 earthquake sequence was the strongest to affect Venezuela since 1900, according to Verisk, striking 100 miles west of Caracas
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
Opinion: Analysing chokepoint exposures after the Strait of Hormuz crisis
What 100+ days of Hormuz disruption taught re/insurance about chokepoint accumulation, writes Adam Fysh, founder of Narrows
CCR ends investment support for oil and gas expansion
Reclaim Finance said the French state-backed reinsurer is the first public reinsurer in Europe to adopt such a policy
Aon appoints Reid as EMEA fac reinsurance CEO
Mike Reid joins from Sompo and succeeds Nick Fraccalvieri, who was named global CEO of facultative reinsurance in March
FCDO commits further £3m to Natural Disaster Fund facility
The additional funding will support 10 to 15 more risk transfer projects for climate-vulnerable countries through to 2030
MS Amlin joins Natural Disaster Fund as capacity partner
Lloyd’s re/insurer MS Amlin joins Hannover Re as a capacity provider, committing up to $50m of risk capacity to support climate and disaster protection across the Global South
Howden Re strengthens China reinsurance team
Houqin Zhu, Mike Xin and David Song join in senior roles covering treaty, agriculture and retrocession, with China marked as “a strategic priority” for the reinsurance broker
Insurers need production AI, not pilot AI, says Earnix CEO Gilthorpe
Insurers are under pressure to move AI from experimentation into governed, scalable decisioning across underwriting, pricing and portfolio management, Earnix CEO Robin Gilthorpe told GR
RGA names O’Loughlin head of Americas
Senan O’Loughlin will lead RGA’s Americas business and join the reinsurer’s executive committee
Howden Re opens Ireland office
David Carpenter has been appointed director of Howden Re Ireland as the broker expands its European footprint
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
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