IGI’s Dubai hub prioritises facultative business, because treaty reinsurance competition is fierce in the Middle East and sees a construction boom in Saudi Arabia as its biggest pipeline for growth.
The re/insurance broker announced Daniel Leahy joins from rival intermediary Howden.
Beyond providing financial security, insurers are tasked with navigating a complex landscape of political, economic, and societal challenges, writes Antonio Serrapica, partner, Kearney.
David Cary joins Brit from QBE Re, where he was head of property and casualty in Bermuda.
New syndicate-in-a-box to focus on niche and SME business written in domestic APAC markets, particularly liability, professional indemnity, accident and health, property and travel.
Spanish insurer Mapfre aims for a 95% combined ratio by the end of 2026.
Change at the top came as Hannover Re announced it had beaten its full-year earnings target; group net income rose to €1.8bn for 2023; reinsurance revenue climbed to €24.5bn; and a return on equity of 19% was “comfortably above minimum target”.
Aviva’s purchase of Probitas gives the insurer instant ‘scale’ in the Lloyd’s market, says UKGI chief executive.
Local insurers have “more skin in the game” due to the hard market for reinsurance.
Mitha joined Bermudan run-off re/insurer Compre as chief actuary for North America in 2022.
In a trio of appointments, Vanessa Hardy Pickering has been appointed chief financial officer and Lester Pun promoted to chief operating officer.
CHC Global hits major milestones to become a Lloyd’s Broker and directly regulated by the FCA.
Oman’s Capital Market Authority grants a licence for Oman Re to underwrite Retakaful, providing Islamic compliant reinsurance solutions for Takaful business.
Interim UK CEO confirmed in job and new CUO, previously head of credit and political risk.
An internal hire, Bhaskar Chattaraj takes on the newly-created role for the reinsurance broker.
Some aviation all-risks reinsurers have been coaxed back into the aviation hull war market, demanding much greater data and awareness of exposures, but a capacity shortfall remains, despite high prices on offer.
Brian Lewis was previously cyber and professional liability product officer at Zurich.