All News articles – Page 52
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NewsReinsurers need to modernise to stay differentiated
Technological investment by reinsurers is critical to remain relevant and will lead to greater long-term financial health, writes Tim Spencer, Duck Creek’s reinsurance leader for London Markets, UK, and Ireland.
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NewsICMIF appoints Green as its new CEO
Shaun Tarbuck will retire from his role as CEO of mutual insurers’ representative group the ICMIF in November 2024.
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NewsGlobal cyber premiums could exceed $50bn by 2030 – Howden
Some 45% of cyber premium gets ceded to reinsurers, cyber reinsurance premium is currently about $6bn, but the cyber reinsurance market will need to more than triple in size by the end of this decade to meet demand, according to Howden.
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NewsLatin America, political protests and global reinsurers
By Leonardo Garzon, managing director, Latin America and Joe Jarvis, regional senior adjuster, at claims services provider McLarens.
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NewsSteve Hearn is to leave Ardonagh
Steve Hearn, CEO of Inver Re, the reinsurance broking arm of Ardonagh Group, will leave the company this summer.
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NewsReinsurance market moves to more stable footing – Aon
Mid-year renewals show order returning as pressure on pricing and T&Cs eased compared to 1/1, the re/insurance broker has reported, but double digit rises recorded on Australian business.
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NewsAon touts $200bn transformative tech opportunity for insurers
Prescriptive Analytics alone will generate more than $100bn in fresh premium by 2030, according to the re/insurance broker.
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NewsGallagher Re expects reinsurer discipline from 7/1
Reinsurers are expected to have held the line on pricing after the smoke clears from the 1 July renewal, consistent with the pricing gains seen at the start of this year.
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NewsHowden appoints IDF’s Douglas as climate risk and resilience CEO
Rowan Douglas has moved from his previous position of head of climate at WTW to assume a similar role at rival broker Howden.
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NewsAGCS CFO and Allianz Group chief actuary swap jobs
An Allianz reshuffle sees the previous AGCS CFO appointed to Allianz Group as chief actuary.
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NewsInsurtech VC funding has fallen dramatically this year – report
Insurtech funding falls to 2018 levels, but represents a $7trn market, according to a dealroom.co study backed by insurers Generali and Mapfre.
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NewsLondon market in the vanguard of Ukraine reconstruction plans
What has been agreed in London to support Ukrainian reconstruction? Marsh McLennan, Lloyd’s, Aon and VIG joined G7 Governments in pledging their support to rebuild Ukraine’s shattered economy.
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NewsIf a solar flare storm struck earth tomorrow, is the insurance industry ready?
’Without proper modelling of such complex interconnected risks, the impacts are largely unknown,’ says senior meteorologist.
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NewsConcrete returns from London market digital transformation – WTW
Analysis of 49 Lloyd’s syndicates showed early adopters showed a 6% improvement in their aggregate combined ratio, over those firms only just getting started on digital transformation.
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NewsClimate change will add 10%+ to cost of US hurricanes over next 20 years – Aon
Aon’s work with Columbia University has come up with an estimate for the cost of climate change to the reinsurance industry’s peak peril.
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NewsMS Amlin predicts “average” 2023 hurricane season
MS Amlin summarises this year’s data to predict 15 named storms, seven hurricanes, and three major hurricanes.
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NewsAIG appoints Purtill new CFO
Interim CFO Sabra Purtill steps up to become the insurer’s new chief financial officer on a permanent basis.
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NewsUS P&C industry sustains $8.2bn Q1 underwriting loss
Underwriting losses, revealed in a Best report from the rating agency, follow $3.4bn underwriting profit in the same quarter of the preceding year.
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NewsGenerali to acquire Liberty Seguros for €2.3bn
Italy’s largest carrier, Generali, has announced it will buy Liberty Seguros, which operates in Spain, Portugal, Ireland and Northern Ireland, part of the Liberty Mutual group.
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NewsAon names Walker leader of restructured global credit reinsurance team
A restructuring creates a new global credit team within Aon’s Reinsurance Solutions arm.
