All News articles – Page 36
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NewsAIG Re CEO Schaper to be global CUO after Validus Re sale completes
Schaper will be appointed AIG’s global CUO on completion of the sale of Validus Re to RenRe.
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NewsPartnerRe reports H1 return to profit
Bermuda-based reinsurer bounced back to net income of $787m in the first six months of 2023, for a combined ratio of 83.5%.
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NewsHowden appoints Agarwal as its India CEO
His predecessor Praveen Vashista steps up to be chairman of Howden’s India business.
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Aon Reinsurance Solutions records 9% organic growth
The reinsurance broker’s revenue growth in the second quarter reflected strong increase in treaty, driven by strong retention and continued net new business generation.
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NewsFirst half catastrophes “much higher than the 10-year average” – Munich Re
Earthquakes, thunderstorms and floods led the natural disaster figures for the first half of 2023.
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NewsSiriusPoint appoints Kattan global head of ceded reinsurance
The Hamilton, Bermuda-based global specialty insurer and reinsurer appoints London market veteran Habib Kattan to manage its ceded reinsurance, worldwide.
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NewsPolo, Aon get approval for wildfire Lloyd’s Syndicate 1996
The wildfire risk is the latest of Lloyd’s “Syndicate-in-a-Box” programme.
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NewsSCOR posts Q2 P&C combined ratio of 88.5% and €192m groupwide profit
Market conditions remain favourable for reinsurers in pricing and terms and conditions, French reinsurer SCOR reported in its second quarter statement.
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NewsHowden Switzerland acquires specialist aviation broker Hudson Sky
Hudson Sky has established itself as a leading aviation re/insurance broker in the Swiss market, particularly focused on helicopter business.
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NewsStorms are getting stronger – Lockton Re climate study
Reinsurance broker Lockton Re has published a report on climate change and hurricane trends.
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NewsAbove-average H1 nat cats hit $52bn – Gallagher Re
Insured losses from natural catastrophes in the first half of 2023 were driven by a series of big US storms and El Niño’s arrival.
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NewsFraud investigation at insurtech unicorn Vesttoo
External auditors are probing “inconsistencies” at the AI-based broking platform for collateralised reinsurance and ILS deals.
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NewsBMS buys Brazilian reinsurance broker KNW
Furthering its Latin American reinsurance broking ambitions, BMS is acquiring Sao Paulo-based KNW Brokers Corretora de Resseguros.
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NewsTech expected to lead M&A, environmental litigation top risk
Almost half of execs expect an uptick in mergers and acquisitions, with technology, media and telecoms expected to be the most prolific sector for transactions, according to an Aon, Mergermarket study.
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NewsLloyd’s appoints Clement as its corporate affairs director
Rebekah Clement takes up what is a newly created role for Lloyd’s of London.
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NewsCooper appointed reinsurance head and Bermuda CEO at Canopius
Charles Cooper joins Canopius from AXA XL, where he was its reinsurance chief executive in Bermuda.
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NewsFrench riots cost insurers €650m in claims – France Assureurs
Civil unrest in Paris and across France resulted in 11,300 claims, with commercial property accounting for 55% of the claims cost, according to a French insurance industry group.
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NewsAon Reinsurance Solutions announces "simplified" UK exec structure
The reinsurance broker said it has changed its UK leadership structure to drive growth and collaboration.
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NewsRecalibration at mid-year 2023 renewals – Guy Carpenter
Property pricing saw continued risk-adjusted rate increases in many segments at 1 July renewals, which also benefitted from “improved timing and concurrence around T&Cs”, Guy Carpenter reported.
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NewsReinsurers need to modernise to stay differentiated
Technological investment by reinsurers is critical to remain relevant and will lead to greater long-term financial health, writes Tim Spencer, Duck Creek’s reinsurance leader for London Markets, UK, and Ireland.
