All News articles – Page 4
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NewsReinsurance and Resilience: Has the GCC insurance landscape truly changed after the Dubai floods?
By Melissa Ford, senior vice president and head of Middle East and Africa treaty reinsurance, Everest
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NewsMiddle East PV continues to soften amid new London market entrants – IGI’s Abulqasim
Zuhair Abulqasim, senior underwriter for political violence at IGI, based in the DIFC, will be joining the PV roundtable taking place during DWIC 2025.
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NewsSwiss Re creates global fac reinsurance unit
Sanaa Souidi will lead Swiss Re’s global facultative reinsurance market unit, the firm announced.
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NewsUAE insurers show strength amid storms and structural shifts – AM Best
Insurers in the UAE show signs of resilience following last year’s record rainfall, according to a new report from rating agency AM Best.
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NewsRüede appointed CEO to lead SCOR L&H
Joining from rival reinsurer Swiss Re, Philipp Rüede also becomes a member of SCOR’s executive committee.
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NewsHelvetia Baloise merger to create Switzerland’s second largest insurer
Merger of equals will have a business volume of CHF 20bn and a market share of around 20% in Switzerland.
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NewsOrtega Lamaignère joins Nexus trade credit in Spain to lead broker partnerships
Ana Ortega Lamaignère was previously sales manager for Coface Global Solutions in Spain.
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NewsAon reports record $38bn in Q1 insured catastrophe losses
Wildfires in California alone contributed about $38bn of insured losses, or 71% of the total, according to the re/insurance broker.
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NewsRokstone appoints Hussey to lead DIFC office
Giles Hussey joins the international specialty re/insurance MGA in Dubai from his previous role at reinsurance broker Guy Carpenter.
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NewsDavies opens Qatar office to grow Middle East footprint
Ricky Maloney, who serves as Qatar country executive and head of the GCC region, will lead the office.
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NewsEl Bahtouri and Bouanani join Specialty MGA in Casablanca
Laila El Bahtouri and Mohamed Bader Bouanani join the Middle East and African focused MGA from Moroccan reinsurer SCR.
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NewsParametric expanding in Africa and ILS markets – GC&C’s Edwards
Simon Edwards leads parametric underwriting at Generali Global Corporate & Commercial (GC&C) in the UK, including an expanding partnership with Descartes Underwriting.
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NewsAon: Global insurers step back from hard market stance, cyber and D&O primary markets soften
Buyer-friendly conditions are expected to continue in 2025 across key lines of commercial primary insurance buying, such as D&O and cyber business, according to Aon.
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NewsRomeo and Gordon join Acrisure Re in Bermuda expansion
Roman Romeo (pictured, left) was previously CEO of Aon Reinsurance Solutions in Bermuda; Barry Gordon (pictured, right) also joins to lead ILW business.
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NewsGallagher: London leads softening marine rates as war risks remain volatile
Softening hull rates meet hard realities in war and claims inflation, according to a new marine insurance report from the broker.
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NewsGCube: Extreme weather is global threat to renewables
Renewable energy insurer GCube, owned by Tokio Marine HCC, released a report that is a warning, but also a call to adapt, collaborate, and build resilience into the global renewables market.
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NewsOates joins Africa Specialty Risks as head of reinsurance
Trevor Oates joins from Canopius, where he was a treaty underwriter, with experience in property, construction, engineering, political violence and terrorism.
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NewsZiolkowski to lead Canopius in Australia and New Zealand
Andrew Ziolkowski replaces Craig Elliot, interim head since December, who will now lead casualty and distribution in the region.
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NewsUrbieta named EMEA broking chief at Aon
Erlantz Urbieta takes over EMEA chief broking role from Terence Williams, who moves to APAC.
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NewsWillis warns of ‘profitability tightrope’ for energy insurers
Willis’s global head of natural resources, Rupert Mackenzie, warned that insurers’ profitability challenges are mounting.
