All News articles – Page 48
-
NewsMS Amlin completes world-first Singapore ILS renewal
With Phoenix 2 Re’s renewal, the Japanese-owned Lloyd’s re/insurer “confirms its commitment to Asia’s expanding ILS market”.
-
NewsMoody’s expects “firm” April and July renewals
1/1 reinsurance renewals showed moderate price increases across most lines due to balanced supply and demand, according to ratings firm Moody’s.
-
NewsFitch upbeat on Bermuda reinsurance market in 2024
Bermuda reinsurers’ “returns peaking”, to remain favourable in 2024, the rating agency said.
-
NewsEnvelop, Apollo launch cyber reinsurance Lloyd’s SPA
Dedicated cyber reinsurance Special Purpose Arrangement in partnership with Apollo Lloyd’s Syndicate 1971 launched on January 1 with Chris Baddeley as active underwriter.
-
NewsWTW’s Creighton promoted to lead GB trade credit, trade finance
Michael Creighton joined the insurance broker in 2019 from his former role as head of export credit finance at Nedbank.
-
NewsRising political risk for emerging market manufacturing hubs - Verisk Maplecroft
Heightened political risks are overshadowing a ‘friendshoring’ shift, according to report data from Verisk Maplecroft.
-
NewsIndia’s insurance sector to lead G20 growth, says Swiss Re Institute
Swiss Re forecasts 7.1% growth for the Indian insurance industry between 2024 and 2028, well above advanced or emerging market averages.
-
NewsAspen appoints Stanford interim UK CEO
Active underwriter from Aspen’s Lloyd’s Syndicate 4711 assumes the UK CEO role on a temporary basis.
-
NewsAlta Signa launches European marine division
Brussels-based MGA Alta Signa appoints Francesco Dubbioso, in Genoa, to lead its new marine unit.
-
NewsCyber leads Allianz Risk Barometer in 2024
Data breaches, attacks on critical infrastructure or physical assets and increased ransomware attacks drive cyber concerns, in the German insurer’s annual paper on the global risk landscape.
-
NewsSwiss Re, Gallagher Re launch cyber retro ILW in market first
The industry loss warranty follows the successful launch of “PoleStar Re” underwritten-rule 144A cyber catastrophe bond in December.
-
NewsHDI Global announces new Singapore head
Alex Tarantino, who currently leads Asia Pac cyber and liability for HDI, will replace Graham Silton as the German insurer’s managing director for its Singapore branch, when Silton retires.
-
NewsMisinformation and disinformation threats lead “gloomy” World Economic Forum risk report
The viral spread of fake news and manipulation of the truth online were ranked first, followed by extreme weather events, society’s polarisation, cyber insecurity, and interstate conflict on the roster of short-term risks, according to the WEF’s Global Risk Report 2024.
-
NewsMeyenhofer appointed CEO of PartnerRe in leadership reshuffle
The Bermudian reinsurer announced the retirement of Jacques Bonneau and several appointments to its senior leadership team.
-
NewsTrueman joins as CFC’s CUO
Former cyber head at Axis, Dan Trueman joins CFC as chief underwriter after the London market MGA announced management changes after a Lloyd’s investigation into undisclosed allegations of non-financial misconduct.
-
NewsAon names Kielty UK CEO
Jane Kielty has more than 20 years’ experience in risk and insurance, spanning the broker’s commercial risk and retail capabilities.
-
NewsGuy Carpenter’s RoL index for property cat up by 5.4% globally at 1/1
At the 1/1 reinsurance renewals, Guy Carpenter’s global rate-on-line index increased by an estimated 5.4% year-on-year.
-
NewsInsurance Development Forum provides Disaster Risk Reduction Task Force update
The task force has three areas of focus, according to the public-private partnership between the insurance industry and the UN, World Bank and other NGOs.
-
NewsBeazley sponsors first London Bridge cat bond at Lloyd’s
The Aon-brokered 144A excess of loss cat bond provides $100m of multi-year protection for named storm and earthquake events affecting the US, Canada and Caribbean.
-
NewsTechnology is driving market change – Swiss Re Solutions’ Higginbotham
AI isn’t putting commercial and specialty lines underwriters out of a job anytime soon, but technology can reduce the protection gap, expanding the re/insurance market into fresh pastures, Russell Higginbotham, CEO of reinsurance solutions, Swiss Re suggests.
