All News articles – Page 43
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NewsFrench government prepares to sell majority stake in CCR Re
Transaction values CCR Re at close to €1 billion; will transfer 75% ownership to mutual consortium
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NewsTurkey insurance losses likely to be borne by reinsurers
Claims could potentially reach $1 billion, with total economic losses over $4 billion, says Fitch Ratings
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NewsLloyd’s appoints Andrew Brooks as deputy chair
Former Ascot chief executive commits to cementing Lloyd’s reputation as a ’hub for expertise for the future’
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NewsTürkiye quakes to cost an estimated $1 billion
Devastating earthquakes will add to an already challenging operating environment for Turkish re/insurers, warns AM Best
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NewsBrookfield to buy Argo in $1.1 billion transaction
Transaction represents ’best path forward’ for Argo stakeholders, says Bradley, as Brookfield cites ‘milestone’ in firm’s expansion
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NewsHannover Re sees property cat rate hikes of 30%
Prices and conditions ’not seen in decades’ was present at 1 January, as reinsurer looks to mid year
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NewsChaucer in partnership to insure trade secrets
Risk transfer solutions for intellectual property will help a trade secret protection ecosystem to develop
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NewsPandemic initiative may point to the future of insurance
Insurers investing in Covid-related research projects could reduce the long-term costs of future risks
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NewsInsurTech ‘disruption’ narrative is over - Gallagher Re
InsurTech investments dropped ‘dramatically’ in 2022 as venture capitalists focus on profitability
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NewsAntares Global names global CRO and COO
Faraz Khalid and James Linsao become global chief risk officer and global chief operating officer, effective immediately
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NewsSpecialty MGA UK buys specialist crop and forestry insurer
Merger offers access to Lloyd’s and worldwide markets as investors focus attention on forestry for carbon sequestration
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NewsSCOR rebalances book during ‘best market in decades’
Reinsurer further reduces exposure to natural catastrophe risks by 14% at 1 January
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NewsRMS: Turkey earthquake largest in 84 years
Tragedy is a reminder that resilience is the main defense against such powerful seismic events
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NewsSwiss Re splits business into P&C Re and L&H Re
Urs Baertschi will lead P&C Re and Moses Ojeisekhoba will take over leadership of Global Clients and Solutions
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NewsBeazley reveals 13% rise in cyber fraud claims
Organisations must get smarter about educating employees to spot fraudulent tactics
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NewsCoalition launches ‘full-stack’ cyber insurer
A- rated carrier will target small businesses and brokers and is backed by Coalition’s Active Insurance platform
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NewsHannover Re expects 2022 net income of €1.4 billion
The reinsurer has increased its net major-loss budget for 2023 to €1.725 billion
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NewsLMA ‘sharply focused’ on supporting market’s transformation
Will lend its expertise to issues around systemic cyber, climate litigation, renewable energy and international wordings
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NewsAspen appoints Mike Duffy to UK boards as NED
Duffy was most recently Group chief underwriting officer for Canopius, where he held several board roles
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NewsOptio Re MENA commences trading
The specialty MGA is now open for business in MENA through its Dubai-based operation
