All News articles – Page 28
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NewsOasis publishes exposure management C-suite guidance
“Navigating the Storm - The C-Suite Guide to Mastering Exposure Management”, from the the open source cat modelling platform, aims to provide best practices for resilience, compliance, and profitability in an unpredictable global environment.
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NewsHannover Re CEO Henchoz to step down in 2025; CFO Jungsthöfel to take top job
Clemens Jungsthöfel will take over the group chief executive role at Hannover Re from 1 April 2025.
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News‘Rosy picture’ belies the challenges carriers face, Convex’s Brand warns
Speaking at an AM Best event in London, Convex’s CEO gave a (re)insurance carrier’s perspective to challenges, from claims activity, operating expenses and market cyclicality, to the balance of power between brokers and carriers.
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NewsSwiss Re strengthens US liability reserves by $2.4bn
The reinsurer made its “ad hoc announcement”, saying it would miss its combined ratio target for the year as a result, with third quarter net income of $0.1bn.
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NewsPool Re appoints Stark as head of underwriting
Andrew Stark starts a newly created role at the UK’s terrorism reinsurance public-private partnership.
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News‘Polycrisis’ presents insurers with ‘impactful’ opportunity – Axa UK & Ireland CEO
Plus, Aviva’s UKGI boss emphasises that insurers must ‘put our money where our mouths are’ when it comes to engaging on ‘collective goals’.
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NewsTwo-thirds of insurers plan to implement AI predictive models within two years – Earnix
The technology firm surveyed more than 400 global insurance executives to uncover technology and artificial intelligence (AI) trends, revealing that replacing legacy systems remains a significant challenge.
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News‘Inflection point’ reached in US casualty reserving – Lockton Re
Reinsurance broker’s paper highlights potential end to material adverse development in casualty lines for calendar year 2025.
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NewsAon Underwriting Managers hires new CUO
Simon Clapham, formerly of Brit and Liberty Specialty Markets, joins Aon’s MGA operation as its chief underwriter.
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NewsExtinction Rebellion targets multiple London market insurance firms
The climate change protest group has carried out a campaign of protests targeting insurance companies across London.
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NewsReinsurer ROEs rise on underwriting, investment results – AM Best
AM Best’s DuPont analysis indicated reserve leverage for the composite dropped, led by non-life reinsurers, other than the ‘big four’, whose reserve leverage was relatively stable.
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NewsRiverStone and QBE announce loss portfolio transfer deal
Run-off re/insurer takes on reserves of $1.2bn for Lloyd’s syndicate legacy business from QBE.
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NewsSaudi Vision 2030 & GHE 2024: where the tech revolution and health re/insurance meet
Editor of GR, David Benyon, reflects on health technology trends for re/insuring the sector, from a recent trip to Saudi Arabia, attending GHE 2024.
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NewsNat cats in 2024 likely to surpass last year’s claims bill – Aon
A Q3 Global Catastrophe Recap report from Aon Reinsurance Solutions sees nat cat losses already exceeding $102bn for this year, while global reinsurer capital neared $700bn as of the year’s halfway point.
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News‘Do the simple stuff first’ with data journeys – AdvantageGo’s Summers
Long projects in technology have very bad track records,’ warns AdvantageGo’s global business leader Ian Summers.
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NewsFrom Mariupol to Gaza – measuring political violence losses with Charles Taylor Adjusting
Loss adjustment from warzones is a service in high demand, given the geopolitical state of the world in 2024, and the rising prominence of war, political violence and terrorism business among London market re/insurers.
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NewsAI and insurance: ‘The Hare and the Tortoise’ – Earnix CEO interview
The insurance industry is renowned for its conservatism; AI on the other hand, is talked of in revolutionary terms; where and how will the two meet?
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NewsBetter risk selection could cut 16% from cyber insurers’ loss ratios – Gallagher Re
After a global study of 62,000 organisations, the reinsurance broker suggests removing “most at risk entities” from cyber insurance books could reduce loss ratios by up to 16%.
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NewsIndustry relevance focus at Baden-Baden for Guy Carpenter, Swiss Re
Reinsurance broker Guy Carpenter emphasised “clearly defined roles”, partnership and innovation for its Baden-Baden Reinsurance Symposium.
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NewsIUMI’s marine insurance stats reveal premiums rise
A 2024 analysis of the global marine insurance market was released by the International Union of Marine Insurance.
