All News articles – Page 18
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NewsAcrisure Re forecasts ‘extremely active’ 2024 hurricane season
This summer’s Atlantic hurricane season could be “double the average”, with a rise in sea surface temperatures and a weaker La Niña weather phase.
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NewsGallagher Re appoints Flasinski North America CEO
Brian Flasinski will lead the reinsurance broker’s North American business from June 1 2024.
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NewsRapid premium growth among US MGAs ‘warrants greater oversight’ – AM Best
The rating agency suggests that US managing general agents (MGAs) need closer supervision from their capital providers, as their premium increased by 14.9% last year to reach $81.4bn.
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NewsAI in insurance: a focus on fairness – Earnix
At its core, fairness in machine learning means implementing algorithms that make decisions impartially, writes Luba Orlovsky, principal researcher at Earnix, a technology firm focused on data-driven pricing.
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NewsWhen war risk becomes war reality – Association of Average Adjusters warning
War risk’s growing insurance complexities and unresolved challenges have been spelled out in a speech by the association’s chair, Burkhard Fischer.
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NewsBlenheim appoints Barber to grow its casualty book
Blenheim’s Lloyd’s Syndicate 5886 eyes casualty business with senior hire who previously led Chaucer’s liability division.
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NewsCanopius announces Haste as its new group chairman
Andy Haste, former group CEO of RSA Insurance Group, takes up the chairman role at Canopius.
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NewsAon appoints Chen as Asia Pacific leader for agriculture reinsurance
To be based in Singapore, Chen has previously served in Aon’s regional agriculture reinsurance team, focusing on Greater China and Thailand.
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NewsNormanMax, Apollo launch first dedicated parametric nat cat Lloyd’s syndicate
Syndicate 3939 will be led by Stuart Newcombe, former active underwriter for Munich Re Innovation Syndicate 1840, as its active underwriter.
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NewsAn arms race for data and AI – quantum leap needed
AI appears to be changing the world rapidly, but how is its adoption changing insurance? An interview with Capgemini’s Adam Denninger.
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News“Grey zone” losses prompt action – WTW geopolitics report
Some 47% of firms have experienced a political risk loss in excess of $50m, broker WTW warned, and 96% said they have invested in political risk management capabilities.
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NewsFidelis Partnership to open Abu Dhabi office
Matthew Warren joins from broker Oneglobal to lead the office as executive chairman of Fidelis MEASA.
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NewsPool Re, RUSI report warns of terrorists using AI
Terrorist exploitation of artificial intelligence is at the centre of a study published by Pool Re, the UK’s government-backed public-private reinsurance backstop for terrorism risk.
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NewsEverest Insurance launches in Australia
Bermudan re/insurer Everest gains approval to underwrite Australian insurance from the country’s regulator.
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NewsPrudence and profligacy: two M&A studies urge caution and reveal value destruction of carrier deals
Only 52% of the last decade’s largest acquisitions among insurance carriers created long-term value for their shareholders, according to ACORD research while a WTW study suggests more caution is on the horizon.
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NewsMS Re announces new board appointments
Two appointments to the reinsurer’s Zurich-based supervisory board of directors, including a chair of its audit committee.
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NewsSwiss Re announces new Corporate Solutions CEO, Ojeisekhoba exit
Ivan Gonzalez (pictured) takes over the Corporate Solutions top job, and Moses Ojeisekhoba, the reinsurer’s CEO global clients and solutions, leaves Swiss Re at the end of August.
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NewsAon launches first comprehensive carbon capture and storage product
The re/insurance broker said its insurance solution to support energy transition is the first of its kind.
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NewsAviation insurers focused on data for improved pricing – Charles Taylor
An interview with aviation loss adjusters at Charles Taylor focused on how aviation firms and their insurers are doing more with data.
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NewsCyber reinsurance report highlights different dynamics to cat risks – Howden Re
A first-of-its-kind study from reinsurance broker Howden Re, uses data from cyber underwriters’ modelled losses for insights into the industry’s market risk tolerance.
