All News articles – Page 30
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NewsCyber-attacks doubled since 2020 – QBE research
The number of disruptive and destructive global cyber-attacks taking place each year will increase by 105% to the end of 2024, according to a report from insurer QBE.
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NewsSaudi Re appoints Ahmed Al-Jabr as new CEO
The reinsurer’s new CEO was previously leading Saudi Re in an acting capacity; in the first half of 2024 Saudi Re grew its book by 19% to SAR 1.4bn gross premium.
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NewsMiller completes acquisition of specialty re/insurance broker Bruzon
Independent broker Miller finalises its acquisition of Spanish broker, its third Continental European acquisition in the past two years.
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NewsAcrisure Re appoints Sharpe head of specialty reinsurance
London market appointment expands the reinsurance broker’s international reinsurance division, joining from rival Gallagher Re.
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NewsPositive pricing dynamics benefit MENA and SSA reinsurers – AM Best
Two reports from rating agency AM Best give an upbeat summary of the market environment for reinsurers in the regions of Middle East and North Africa (MENA), and Sub-Saharan Africa (SSA).
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NewsHurricane Helene slams into Florida – Moody’s re/insurance impact report
Insurers most exposed to the storm are Florida-only carriers, the ratings agency emphasised.
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NewsThe Fidelis Partnership launches new Pine Walk MGA, Seraphina
Pine Walk Capital has now established ten MGAs, the latest focused on international property to support the Fidelis Partnership’s BRICS+ strategy to broaden the geographical footprint of the business.
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NewsStrikes at US East Coast ports could generate a $63bn hit – Russell Group
Economic losses could be severe from industrial action threatened in October at 36 American ports, from New York to Houston.
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NewsRepresenting the insurance side of the City – Bronek Masojada RVS 2024 interview
Former Hiscox CEO Bronek Masojada was a new Sheriff in town, representing the City of London, at RVS 2024 in Monte Carlo, where he caught up with GR’s David Benyon.
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NewsFirst ever insurance payout of Red Cross disaster fund triggered in 2024
Demands for disaster relief this year surpassed the ‘deductible’ threshold of the Red Cross and Red Crescent’s IFRC-DREF’ disaster fund, the NGO has reported.
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NewsDive In turns 10: Festival launches with over 130 events globally
Celebrating ten years of Dive In, 2024’s festival launches with over 130 free virtual and hybrid global events.
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NewsHowden Re highlights improved Central European flood resilience
Significant investment by a number of Central European countries on flood defence measures since 2002 had a major impact in ameliorating the consequences of recent floods, the reinsurance broker said.
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NewsPreventative measures will reduce Central European flood cost – Moody’s
Central Europe floods follow events in 2013, 2002, 1997 and 1954, all of which were associated with the ‘Vb’ weather pattern.
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NewsRance to lead Miller’s reinsurance broking strategy and innovation
Steven Rance and Charlotte Lowe join Miller’s reinsurance team, the intermediary said.
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NewsA new baseline for reinsurance has been reached - Everest Re
In the current environment, global risk-adjusted returns are expected to remain favorable at 1/1 and throughout 2025, says Jill Beggs, Everest Reinsurance executive vice president and chief operating officer.
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NewsAon appoints Barnes as its new claims chief
Mona Barnes previously worked at Chubb and Swiss Re; as chief claims officer at Aon she will report into Joe Peiser, the broker’s commercial risk CEO.
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NewsAmphitrite gets Lloyd’s coverholder approval
Specialist marine MGA wins final approval from the Lloyd’s market, unlocking its “enhanced access to capital”.
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NewsCaponigro appointed as AXA XL’s head of reinsurance capital management
Third party capital and insurance linked securities (ILS) hire at the re/insurer joins from AXIS Capital and previously worked at Platinum Underwriters and Everest Re.
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NewsAllianz Commercial appoints Lillelund CEO
Former CEO of Aspen Re joins AGCS from AIG where he was its regional chief exec for EMEA.
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NewsBMS makes two senior leadership hires in London and Miami
BMS Re appoints new Latin American and Caribbean CEO, and BMS Group appoints “market veteran” chief broking officer
