All News articles – Page 37
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News'No big bets' – interview with Ascot’s US chief risk officer
The world is changing and the insurance industry will have to change with it. Steve Guijarro, US chief risk officer of re/insurer Ascot Group, explains what the company is doing to achieve this.
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NewsBeyond automation: moving to generative AI – Xceedance
The insurance industry is beginning to understand the potential of generative artificial intelligence (Gen-AI) and adopt it for certain processes, but Amit Tiwari, co-founder and president at Xceedance, thinks it’s time to move beyond basic task automation to fully harness the power of AI.
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NewsDUAL Europe acquires marine team from Swiss Re
Genoa-based marine team acquisition gives MGA DUAL the mandate to underwrite marine business on behalf of Swiss Re as capacity provider.
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NewsHowden launches Red Sea cargo war risk facility
First of its kind insurance facility within an active conflict zone to protect ships and strengthen global supply chains.
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NewsAspen and PIMCO launch casualty and cyber-focused Pando Re
Bermudan reinsurance vehicle will participate in Aspen’s casualty, professional lines and cyber insurance and casualty reinsurance business lines through a multi-year quota share, with Aspen as the sole cedant.
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NewsBeat Capital Partners to launch Convergence credit insurance arm
Joining from Canopius, Stephen Pike will be CEO of a new credit business from Beat.
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NewsAlta Signa: CFO deepfakes highlight urgency for cyber risk mitigation
As cyber threats evolve, insurers and reinsurers should prioritise the dissemination of technical risk mitigation expertise to policyholders, writes Mauro Marongiu, Alta Signa’s technical head of cyber underwriting.
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NewsHannover Re issues Cumulus Re, first cloud outage cyber cat bond
Parametrix and Hannover Re cooperate to structure and place Cumulus Re, a $13.75m first-of-its-kind cyber risk catastrophe bond.
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NewsMcGill adds US hires to global property team
Reinsurance broker announces two New York property hires from rival intermediary Aon.
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NewsAon names Sapra as India Reinsurance Solutions CEO
Aon’s Reinsurance Solutions business in Mumbai has a new chief executive.
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NewsCanopius appoints CEO for APAC and MENA
Specialty re/insurer Canopius has announced the appointment of Soon Keen Lee as CEO of Asia-Pacific and Middle East & North Africa, subject to regulatory approval.
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NewsGuy Carpenter appoints Chu as credit, bond and political risk MD for APAC
Chu joins the reinsurance broker from Partner Re, where he was head of financial risks for Asia Pacific.
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NewsPV fears on the rise globally – Allianz Commercial
Some $13bn in economic and insured losses came from just seven civil unrest incidents in recent years, according to a report by Allianz Commercial on political violence and civil unrest.
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NewsPeak Re adds new customised reinsurance solutions team
Hong Kong-based reinsurer said its new tailored products team would be led by Chenwei Li.
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NewsAntares syndicate launches credit and political risks Lloyd’s consortium
The maximum line for the consortium will initially be $40m. Antares will lead with a 75% line with the remaining 25% provided by other Lloyd’s carriers.
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NewsLancashire Insurance US opens for business
The new US business operates under a delegated underwriting arrangement with Lancashire’s UK platform and is focused on the US excess and surplus market.
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NewsAscot appoints Craigs to lead third party capital initiatives in Bermuda
Ascot’s new appointment Charles Craigs most recently served as Bermuda CEO of Canopius and group head of that carrier’s reinsurance underwriting.
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NewsHowden Tiger renamed Howden Re
The strategic change for the reinsurance broker follows its acquisition of TigerRisk in January 2023 and Howden’s group-wide rebrand in October last year, uniting its broking operations under one name.
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NewsSwiss Re appoints Berger as group CEO to succeed Mumenthaler
Effective from 1 July, Andreas Berger has been appointed as group CEO, replacing Christian Mumenthaler in the top job at Swiss Re.
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NewsAon: property cat ‘transitioning’ at April reinsurance renewals
Rates remain broadly flat at previous high levels, according to Aon’s latest Reinsurance Market Dynamics report, focused on the Asia Pacific 1 April 2024 reinsurance renewals.
