All News articles – Page 130
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NewsJames Shea to succeed Industry veteran John Charman as Executive Chairman and CEO at Sompo
Mr. Shea will inherit the leadership of a segment that represents more than 30% of Sompo Holdings Group’s projected adjusted profit, employs approximately 6,600 people in over 29 countries and regions and more than $12 billion in gross premiums.
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NewsSaudi insurance sector eyes more mergers and acquisitions
Analysts said the Saudi insurance market is set to witness consolidation with mergers and acquisitions (M&A) gaining pace during 2021.
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NewsAfrica Specialty Risks Continues Growth With Launch Of Parametric Underwriting Division
Africa Specialty Risks (“ASR”) is pleased to announce the launch of its parametric division, alongside the appointment of Dr Raveem Ismail as Head of Parametric Underwriting and Ian Bishop as Parametric Product Manager.
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People & OpinionTrust Re Appoints Yassir Albaharna as Chief Executive Officer
With a renowned international profile and wide marketing network, Mr. Albaharna has more than 34 years of in-depth experience in the reinsurance industry.
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NewsJust 4.5% of Asia cat losses insured in 2020
Economic losses due to natural catastrophes in the region reached $67 billion last year, indicating a huge gap and growth opportunity for re/insurers
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NewsManaging money laundering risk in a COVID world
How money launderers are exploiting know your customer (KYC) checks and using the pandemic as a ruse to move money
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NewsFirms stuck in ‘response’ mode - Deloitte
Over half of organisations have faced a risk incident due to third-party failure during COVID-19 pandemic
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NewsAXA’s Asian operations hit by ransomware attack
It comes a week after the insurer said it would be dropping extortion payments when underwriting cyber-insurance policies in France
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NewsOrganisations failing to anticipate and model key emerging risks: Marsh Report
The findings suggest a significant perception gap with firms’ risk management functions prioritizing short-term threats over those that are high severity but lower frequency.
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NewsEnvironmental risks, climate change threatens megacities
Firms must align climate risk assessments with the recommendations of the TCFD to build greater resilience - Verisk Maplecroft
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People & OpinionHamilton appoints Craig Howie as group chief financial officer
Howie joins Hamilton after nine years at Everest Re Group where he was EVP, Chief Financial Officer. Prior to joining Everest, Howie spent over 23 years at Munich Re America where he held a number of senior finance positions.
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NewsProtestors gather outside Lloyd’s of London over coal mine insurance
People gathered to demand Lloyd’s stops insuring all coal mines immediately. The protest was designed to coincide with the reopening of Lloyd’s underwriting room.
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NewsBuffett’s Berkshire buys Aon, slashes Chevron and Wells Fargo
(Reuters) - Berkshire Hathaway Inc said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp and Wells Fargo & Co.
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NewsGenerali profits beat forecasts led by asset management, non-life
“We continue to assess M&A opportunities with a disciplined approach as a way to diversify our sources of cash-flow,” head of finance Cristiano Borean told a news briefing on Tuesday.
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NewsLaurent Rousseau to succeed Denis Kessler as Chief Executive Officer of SCOR
The Board’s appointment of Denis Kessler as non-executive Chairman following the General Meeting of June 30, 2021, will help to ensure the continuity of the Group’s strategy and to perpetuate its values.
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NewsConduit hits target in first quarter
The company, part of the Class of 2020 start-ups on the island, reported estimated ultimate premiums written of $199.1 million in the quarter versus approximately $160 million announced in its January trading statement.
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NewsNectaris Re launches in Bermuda
Nectaris Re Ltd is the newest member of Bermuda’s re/insurance Class of 2020/21.
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NewsAon to sell retirement and investment business in Germany to resolve EU Commission Qs
Aon today announced the firm has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP).
