All News articles – Page 47
-
NewsHowden enters captive management market with ARM acquisition
Acquisition of ARM Group Holdings means re/insurance intermediary Howden now includes a fully owned, in-house captive management provider.
-
NewsGetting ready for GAIF in Oman and developing regional insurance talent
This year, the GAIF conference returns to Oman for the first time in more than two decades. Two of the country’s leading insurance figures sat down to talk with Global Reinsurance before the event begins in Muscat.
-
NewsArdonagh Specialty appoints Rastiello North American reinsurance CEO
Specialty reinsurance broker’s new leader of its North American reinsurance operations was previously CEO and president of Accredited.
-
NewsFairfax issues further rebuttal to Muddy Waters short seller report
Prem Watsa, chairman and CEO of Fairfax Financial Holdings, has rebutted as “false and misleading” allegations by a short seller about the insurer’s valuation and transaction income.
-
NewsGBN Worldwide launches London market broker-MGA
GBN Risk Solutions will initially offer services to UK brokers with international business, with plans to expand to Europe and the US in future.
-
NewsMarine update on Red Sea, Black Sea, Panama Canal – IUMI
Marine war insurance rates are “about level” between conflict zones in the Black Sea and the latest Red Sea hotspot, according to a meeting of the International Union of Marine Insurance (IUMI).
-
NewsGlobal risks and perceptions intertwined – Interview with Zurich’s head of sustainability risk
Global tensions are rising, but risk perceptions are in the eye of the beholder. Zurich’s John Scott discussed the big picture with Global Reinsurance.
-
NewsFourth Industrial Revolution progress report – Xceedance
The Fourth Industrial Revolution has been advancing more slowly than expected, but generative AI is accelerating change, says Justin Davies, head of region, EMEA, Xceedance.
-
NewsMSIG UK appoints Roden interim CEO
New temporary CEO was previously director of strategy and transformation at sister company MS Amlin.
-
NewsAxio announces Lloyd’s investment
Insurtech graduate of the Lloyd’s Lab focused on quantifying cyber risk for critical infrastructure.
-
NewsMoody’s report emphasises non-peak peril claims in 2023
Secondary perils accounted for more than half of global insured natural catastrophe losses on average over the past six years, according to rating agency Moody’s.
-
NewsHannover Re confirms 2024 guidance after “satisfactory” 1/1
The German insurer reiterated it expects reinsurance revenue to grow more than 5% this year, after further improvements in terms and conditions and sustained attractive prices at renewals.
-
NewsInterview with GAIF’s Chakib Abouzaid: Is the Gulf region an awakening insurance giant?
It’s one thing to lead an insurance federation during a period of small, incremental change. But the role is different when the regional industry is undergoing a broad and deepening transformation.
-
NewsChandler steps down as BMS Re CEO
Two interim co-CEOs have been appointed by the reinsurance broker, while Pete Chandler becomes vice-chair.
-
NewsBullish Lloyd’s expects to be in the top quartile – Tiernan
Four pillars of the Lloyd’s 2024 cyber strategy, a nat cat portfolio shift, and a “quiet revolution” in the market, were outlined by the Lloyd’s chief of markets, speaking at a Fitch Ratings event.
-
NewsBrace Underwriting launches Brace USA
Beat capital backed Brace is launching in the US with Glenn Dorr as president and marketing head for North America.
-
News$100bn is the new normal for annual nat cat losses – WTW
2023 revealed the scale of the protection gap, but was still a $100bn+ nat cat year, the broker said.
-
NewsHowden, SCOR launch carbon capture and storage insurance facility at Lloyd’s
The first-of-its-kind facility has SCOR as lead underwriter and other following markets at Lloyd’s have committed to support the facility, with further capacity anticipated, according to Howden.
-
NewsWhere does the market go from here? – interview with Howden Tiger’s David Flandro
David Flandro, head of industry analysis and strategic advisory, Howden Tiger, spoke to GR about the reinsurance broker’s view of where the market is heading after its most recent 1/1 renewal.
-
News2023 was a record year for billion-dollar cats and the protection gap got worse – Aon
The protection gap deteriorated to 69% last year, from 58% in 2022, with insurance covering the cost of $118bn of $380bn in economic losses.
