All News articles – Page 41
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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.
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NewsBaltimore bridge insured losses could reach $4bn – Morningstar DBRS
Rating agency estimate adds to comments by John Neal that the collapse of the Francis Scott Key Bridge could be a record marine insured loss event, beating 2012’s Costa Concordia disaster.
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SponsoredVideo Q&A: CFC helps launch the world’s first Cyber Monitoring Center
Sponsored: Yiannis Kotoulas, acting editor of GR’s sister title Insurance Times, sat down with James Burns, CFC’s head of cyber strategy to talk about the world’s first Cyber Monitoring Centre.
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NewsNeal issues Blueprint Two update after phase one delayed to October
Lloyd’s of London chief executive John Neal has said that phase one of Blueprint Two will be implemented when there is confidence that the technology works.
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NewsFidelis Partnership spearheads new Lloyd’s Syndicate
Lloyd’s has given “in principle” approval for Syndicate 3123 in collaboration with Fidelis and private capital provider Hampden Agencies.
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NewsSaudi the ‘main driver’ for Dubai business – IGI’s Labat
IGI’s Dubai hub prioritises facultative business, because treaty reinsurance competition is fierce in the Middle East and sees a construction boom in Saudi Arabia as its biggest pipeline for growth.
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NewsStronger results at Hannover Re, Munich Re, SCOR, Swiss Re – Moody’s report
Improved underwriting results have driven strong earnings and improved resilience at the four biggest continental European reinsurers, according to rating agency Moody’s.
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NewsPool Re members, UK Treasury give backing to modernised treaty model
A shift from a facultative to a treaty model for the UK’s government-backed terrorism reinsurer, gets the go-ahead, to take effect from April 2025.
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News‘Holiday from history’ is over – Howden geopolitical risk report
A record number of elections in 2024, amid escalating geopolitical risks, underscore the value of political violence and political risk insurance, Howden emphasised.
