All News articles – Page 55
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NewsFrench reinsurer SCOR reported group profit of €147m in Q3
SCOR generated €147m net income in Q3 2023, contributing to a “strong nine-month performance” with a net income of €650m.
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NewsLloyd’s chairman apologises for insurance market’s historical slave trade role, announces Inclusive Futures programme
New initiatives announced at Lloyd’s “to create a more equitable market and society” follow independent research exploring Lloyd’s historical links to the transatlantic slave trade.
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NewsWTW launches Asia Pacific Climate Risk Centre in Singapore
The insurance broker said it would provide climate risk quantification and management capabilities to support the region’s resilience and transition to net-zero.
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NewsAon combines EMEA and UK CEO roles under Page
Eduardo Dávila, Aon’s CEO for Europe, Middle East and Africa (EMEA), will depart the firm at the end of 2023, the broking firm announced.
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NewsAspen appoints Mardon as Bermuda CUO and to lead prop cat globally
Tim Mardon joins Aspen from SiriusPoint, where he was global head of property reinsurance.
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NewsQ3 surge causes insurtech investment to surpass $1bn – Gallagher Re
Driven by a 25.5% quarter-on-quarter surge in P&C insurtech investment, new funding edged past a billion dollars to $1.1bn during the third quarter of 2023, up 19.8%, according to the latest Global Insurtech Report from Gallagher Re.
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NewsUkraine war risk database in test phase, war risk pool efforts continue – Guy Carpenter
A Ukrainian war risk loss event database, developed by Guy Carpenter and Oliver Wyman with the Ukrainian government, is in its testing phase, Julian Enoizi revealed to GR.
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NewsRisks associated with AI and big data becoming more of a concern – Axa
’As an insurer, our role is to propose solutions and we are fully mobilised to fulfil it,’ says chief executive
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NewsLondon Bridge 2 has alternative capital pipeline up to $1bn - Lloyd’s CFO Keese
Lloyd’s of London’s flagship London Bridge 2 project for facilitating the flow of alternative capital into the market currently has between $500m and $1bn under negotiation, according to Lloyd’s chief financial officer Burkhard Keese.
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NewsSarah Warren Returns to Argenta as head of energy
This appointment marks Warren’s return to Argenta, having joined the business in 2010 to grow Argenta’s upstream energy portfolio
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NewsTwo new members elected to Lloyd’s Council, both deputy chairs re-elected
Sean McGovern, CEO for the UK and Lloyd’s at re/insurer AXA XL, is one of those elected to the Lloyd’s Council.
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NewsLMG makes apprentice drive to bring young talent to London market
”Our market is attractive to young people if you open the door to them”, said Sean McGovern, LMG chair.
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NewsAviva targets “market-leading” position in the high net worth insurance business
Ann Owen, Aviva’s managing director for HNW speaks to the “insane” pace of the past few years and how a defined strategy is driving the business forward.
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NewsBaden Baden: Moody’s RMS to invest ‘full guns blazing’ in cyber as market reaches tipping point
Catastrophe modeller Moody’s RMS is investing heavily in cyber modelling in response to re/insurance demand.
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NewsRansomware attacks break records, up 95% in 2023 – Corvus
Law practices, government agencies, manufacturing, oil and gas, transportation, logistics and storage sectors were among the sectors hardest hit by a record-breaking spike in ransomware attack frequency.
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NewsBaden Baden: Upward pricing momentum continues, reinsurers “shouldn’t forget” previous years – Ariel Re
For this week’s reinsurance meeting in Baden-Baden, property underwriters for Ariel Re are upbeat about continued hard market pricing.
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NewsBaden Baden 2023: Hard market conditions driving buyer interest in alternative reinsurance – Guy Carpenter
The reinsurance broker used its symposium at the start of the Baden Baden meeting to discuss alternative reinsurance structures for meeting capacity needs and the inflow of new capital.
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NewsBaden Baden: Hannover Re stresses upward pressure on German P&C terms and pricing
High inflation and claims expenditure on lines from motor insurance to property catastrophe events mean German reinsurance rates will rise, Hannover Re warned.
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NewsLloyd’s reveals global economy exposed to $3.5trn major cyber attack
A systemic risk scenario from Lloyd’s focused on “a hypothetical but plausible cyber-attack”, with the US, China and Japan hardest hit.
