All News articles – Page 56
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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.
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NewsAspen makes new CUO reinsurance appointment
John Welch joins Aspen after leaving rival AXA XL Re to be its US-based chief underwriter for reinsurance.
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NewsHowden, Fidelis MGU strike deal to transfer oil from tanker off Yemen
Tanker FSO Safer has been moored in a state of disrepair off war-torn Yemen since 2015, a ticking timebomb for an environmental disaster.
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NewsR&Q reorganises to sell Accredited arm, raises $50m equity
Randall & Quilter (R&Q) said it has completed a reorganisation to separate its legacy and programme management arms, to facilitate the sale of the latter, plus a capital raise of $50-60m.
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NewsSCOR pays tribute to its chairman, Denis Kessler
It is with great sadness that GR has learned of the passing of Denis Kessler on June 9, 2023, at the age of 71. An editor’s note follows the obituary published by SCOR today.
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NewsGuy Carpenter appoints ex SCOR chief exec Rousseau to EMEA, Global Capital CEO role
Laurent Rousseau joins the reinsurance broker in a newly-created position as CEO of EMEA and Global Capital Solutions.
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NewsTurk appointed to CUO role at Lloyd’s
Lloyd’s has appointed Rachel Turk, formerly head of strategy at London market re/insurer Beazley, to a new chief underwriting officer role for the insurance and reinsurance market.
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NewsMapfre announces decarbonisation plans, 26% cut to climate footprint
Spanish insurer Mapfre is committed to reducing its operational carbon footprint by 50% and to becoming carbon neutral in all countries by 2030.
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NewsTMK forms new standalone cyber, enterprise risk division
Tokio Marine Kiln said it wants to expand its presence in the standalone cyber market.
