All News articles – Page 78
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NewsEuropean wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed, finds Chaucer
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NewsUS MGA market hits $70 billion
Growth in 2021 was well in excess of the robust growth achieved in the P&C market as a whole, finds Conning
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NewsHowden launches dedicated capital markets business
Mary O’Connor will lead the new unit, joining from KPMG where she was acting CEO
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NewsRe/insurers brace for cryptocrash impact
Insurers are likely to review or amend policy wordings to ensure they are not indirectly insuring losses
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NewsInsurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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NewsCovéa finalises purchase of PartnerRe from Exor
Thierry Derez, chief executive of Covéa Group, will replace Brian Dowd as chairman of PartnerRe’s board of directors
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NewsSCOR sheds light on Brazil drought claims
Reinsurer blames climate change for an increase in the frequency and severity of extremely hot and dry events
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NewsSovereign names new president as Lowenstein retires
Natalie Chiaramonte was previously COO of Chubb’s political risk re/insurance subsidiary
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NewsRe/insurers adapt underwriting to better price climate risks
Conduct risks such as ‘greenwashing’ stand to be major source of environmental liability claims
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NewsGlobal insurance premiums to surpass $7 trillion in 2022 - sigma
However, the combination of a sharply slowing global economy and a multi-decade-high inflation will weigh on total premium growth
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NewsWTW buys climate risk analytics firm
Fintech Butterwire will be integrated into WTW’s Climate and Resilience Hub in Glasgow
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NewsLloyd’s commits to One Lime Street
The Lloyd’s market will remain in the iconic Richard Rogers-designed building until at least 2031
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NewsGCube hires head of London Market Underwriting
Olly Litterick joins from Occam Underwriting Limited where he was director – head of Low Carbon Energy
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NewsMid-year renewals: Inflation takes its toll
Pricing was near “distress levels” at mid-year as reinsurers face their toughest market since 2008, says Gallagher Re
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NewsMiller buys Tokyo-based Lead Insurance Services
The Japanese broker specialises in Hull, War Risks and Protection & Indemnity insurance
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NewsSiriusPoint partners with specialty MGA Alta Signa
Alta Signa Holdings is a European MGA specialising in financial and professional lines insurance
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NewsMS Amlin taps Canopius for head of Marine Reinsurance
Malcolm Barnes joins MS AUL from Canopius, where he was head of Marine Treaty
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NewsIAG renews aggregate reinsurance program
It comes as the claims tally from floods in Sydney reaches 8,415, with numbers expected to grow substantially
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NewsMarsh McLennan continues to lead global brokers
The expected Aon/WTW merger that would have affected this year’s AM Best ranking was called off last year
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NewsRokstone launches $255m US terrorism facility
Arif Rahman leaves Fidelis to lead the Binder and head up terrorism at Rokstone
