News
Russell Group: Corporate wargaming can challenge assumptions and build balance sheet resilience
General Sir Richard Shirreff of Strategia Worldwide told a Russell Group event that wargaming is a more proactive form of scenario analysis that can more effectively test assumptions, exposing blind spots and identifying opportunities as well as threats
Howden Re forecasts quieter Atlantic hurricane season
Forecasters expect below-average storm activity in 2026, but Howden Re warned that a single landfalling hurricane can still drive significant insured losses
Acrisure Re forecasts slightly subdued 2026 hurricane season
Reinsurance broker expects around 13 named storms this year, but warned that elevated ocean temperatures in key regions leave the market exposed to rapid intensification and landfall risk
Willis flags geopolitical and AI risks as top D&O concerns
Geopolitical risk has risen sharply in Willis’ latest directors’ and officers’ liability survey, while AI oversight is becoming a growing boardroom concern
QBE appoints Tsui to Hong Kong and Macau underwriting role
Andy Tsui will also serve as Asia head of people risk, leading QBE’s new integrated approach to workforce-related exposures
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
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
US data centre plans face rising storm exposure, MS Amlin warns
More than half of planned US data centre projects are being built in states at high risk of severe convective storms, according to new analysis by MS Amlin
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
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