News
Benign cat losses reinforce soft market conditions – Gallagher Re
Below-average first-half losses have left catastrophe budgets largely intact, although earthquake, extreme heat and shifting El Niño risks underline the potential for volatility to return
Arrow launches marine insurance practice led by Krause
Arrow Risk Management has launched a marine insurance practice, appointing Wayne Krause as underwriting practice leader.
Aon appoints Reville to casualty cat role
Bob Reville joins from Moody’s and will help the re/insurance broker develop casualty catastrophe growth opportunities for insurers
Pen hires Bryant for marine war underwriting role
Kane Bryant joins Vessel Protect from Amphitrite Underwriting as demand for marine war risk cover remains elevated
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: Political violence market faces dynamic July renewal
Re/insurance broker Howden Re said Middle East strikes have reshaped underwriting appetite while civil unrest and active assailant perils add pressure globally
Gallagher Re appoints Vohra to lead Dubai fac team
Shreyaa Vohra joins from Price Forbes and will lead Gallagher Re’s facultative business from the DIFC
Everest names Buonpane global construction head
Danielle Stewart has also been promoted to president of Everest Evolution, the company’s US wholesale platform
Aon: Record reinsurance capital is supporting insurer growth
The re/insurance broker said mid-year renewals delivered double-digit pricing reductions and improved terms on property catastrophe placements
AIG appoints Bewlay as global CUO
Nancy Bewlay joins US insurer AIG from AXA and will report to AIG’s president and CEO Eric Andersen
Fidelis Partnership launches Adroit US SME casualty reinsurance MGA
Adroit Underwriting will write across US casualty lines through Pine Walk, backed by TFP syndicates and third-party carriers
Mosaic launches political risk talent programme
The new initiative by the Bermuda and London market insurer began with a forum at Lloyd’s bringing together senior political risk executives and Cambridge students
Miller appoints Plant as North American property head
Kim Plant joins the broker from Amwins as Miller continues to build its US and Canada wholesale property business
LSM promotes Howell to UK and MENA claims head
Sarah Howell succeeds Scott Kellers and will join Liberty Specialty Markets’ UK and MENA executive leadership team
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
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