All News articles
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NewsSCOR names Thierry Léger CEO as Laurent Rousseau resigns
Léger was most recently the chief underwriting officer of Swiss Re and is tasked with practising ‘strict risk management’
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Global nat cat losses surpassed $313 billion in 2022 - Aon
$132 billion was covered by insurance, revealing a 58% ‘protection gap’; Hurricane Ian was the most costly event of the year
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Parametrix to pay claims after MS Azure Outage
Outage at the world’s second-ranked cloud service provider brought down multiple regions for nearly three hours
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Swiss Re CorSo promotes CRO Arquint to EMEA CEO
She replaces Fred Kleiterp, who is leaving the company to become European general manager at Beazley
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Aon and top reinsurers launch Open Exposure Data Standard
Initial testing on reinsurance placement data for Japan, Australia and China has proved successful
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Cyber war endorsements could invite innovation
These include the LMA war exclusion clauses introduced in November 2021
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Swiss Re’s three renewals takeaways
Capacity conundrums, late negotiations, rate increases and tighter wordings all came into play at 1 January
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Newly-merged Howden Tiger launches fac division
Globally, it will be chaired by industry veteran Elliot Richardson and led in London by Gordon Craig
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Consilium launches facultative reinsurance offering
Simon Richardson has been appointed managing partner of the division and joins from Besso Re
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Aspen Capital Markets names Chris Less COO
He joins from Hiscox Re & ILS, where he was most recently in the role of COO
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1/1 renewals put ‘stress’ on long-term relationships
There was an evident mismatch in demand and supply for property reinsurance as global capital fell by 17 percent - Aon
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Generali GC&C names Christian Kanu CEO
He replaces Manlio Lostuzzi, who was appointed as regional officer of the Central Eastern Europe region
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Zoomers and Millennials to play increasing role in market plans
Putting younger professionals at the centre of the London insurance market’s modernisation is LIIBA’s focus for 2023
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Over $24 billion premium renewed via Supercede platform
Co-founder predicts 2023 will be an important year for ’reinsurtech’ as customers report 85% operational savings
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Hannover Re, Stone Ridge in ground-breaking cyber risk transfer
The asset manager intends to “meaningfully grow” its cyber exposure after $100m quota share cession
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LSM names Mel O’Neill as London CUO
In her new role, she will report to LSM chief underwriting officer Rachel Conran
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Arcadian Risk Capital and Aviva in multi-year property binder
The target portfolio will be worldwide industrial and commercial property, mostly written on an excess-of-loss basis
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California floods highlight need for “robust private market” - AM Best
Many homes covered by the NFIP would benefit from an excess policy above the NFIP coverage limit
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Aviation start-up Itasca Re launches in Bermuda
Launched by Castlelake, Itasca Re will be led by aviation industry veteran Kostya Zolotusky
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Consilium names Paul Richards Co-CEO
He will lead the business as Co-CEO alongside James Baird who was appointed CEO in November
