All News articles – Page 5
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NewsCyber market reaches $16.6bn – Guy Carpenter report
Pricing for cyber insurance flattened or decreased in 2023, continuing to adjust throughout 2024, according to the reinsurance broker.
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NewsSpecialty MGA Optio appoints Head as CUO
Gary Head joins from AXA where he led its schemes & delegated authority, financial lines and specialty teams.
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NewsM&A insurers anticipate rebound in deals activity – Gallagher’s Russell
Insurance products for mergers are in a soft market, with fewer deals taking place in 2023-2024, but insurers are sensing new opportunities, Gallagher Specialty’s transaction risk leader, Charles Russell, tells GR.
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NewsAXA XL partners with Save the Children in Sierra Leone with $1.2m climate resilience grant
Five-year initiative represents a major African community climate-resilience partnership, the re/insurer said.
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NewsInsurance House Appoints Abu Quora as new CEO
Abu Dhabi-based subsidiary of Finance House Group has appointed of Mohammad Alamin Abu Quora as its new chief executive with the aim “to drive strategic growth”.
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NewsMS Amlin expands DIFC presence with MENA credit and political risk launch
Lloyd’s speciality insurer expands Dubai operations with hire of Osama Elshiekh from The Hartford.
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NewsAI Act: Europe’s bid for trustworthy AI development and global leadership – Earnix
AI systems must be transparent, free from bias, and easily explainable, writes Robin Gilthorpe, CEO of Earnix.
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NewsAviva adds A&H and PVT as two new classes at Lloyd’s via Probitas
Political violence and terrorism and accident and health expansion underscores Aviva’s ambition to become “a leading dual-platform”, the UK-based group said.
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NewsRatings maintained after reserve strengthening at Everest
Reserve additions for US casualty business adding up to $1.7bn for Everest Group did not change its credit ratings for AM Best.
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NewsAegis London launches $100m political violence consortium
New Lloyd’s consortium to pool focus on political violence and terrorism business, including war risk and civil unrest.
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NewsWillis appoints Easton to alternative risk transfer leadership role
New global head of alternative risk transfer (ART) and head of western Europe for risk and analytics.
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NewsAon, Swiss Re and Floodbase launch storm surge parametric partnership
Parametric solution bringing together the broker, re/insurer and parametric provider aims ‘to bolster US hurricane insurance protection’.
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NewsRegulatory proceedings ‘dominate’ European D&O claims – Alta Signa
Bankruptcy litigation followed regulatory action as the leading cause of European D&O claims, according to the Continental European focused specialty MGA.
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NewsGenerali and Descartes launch ILS fund parametric partnership
Descartes Underwriting and GC&C co-launch Lumyna Twelve Capital parametric ILS Fund
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NewsMulti-source data’s critical role in responding to the LA wildfires
The LA wildfires underscored the importance of balancing speed with precision, writes David Heathcote of McKenzie Intelligence Services.
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NewsKCC estimates $28bn insured losses for Palisades, Eaton fires
Insured loss estimate based on high-resolution KCC US Wildfire Reference Model.
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NewsLockton Re Capital Markets appoints UK structuring, cyber ILS leader
New ILS hire in London joins Lockton Re from rival reinsurance broker Gallagher Re.
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NewsAon names Nar to lead new India L&H reinsurance practice
Joining from Howden and Gen Re, respectively, Renuka Nar and Neha Shah are named by Aon in Indian life and health leadership roles.
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NewsLast year's insured losses reached $145bn globally – Aon Cat Report
Report reveals 60% of economic damage caused by catastrophes in 2024 was uninsured; insured losses reached $145bn globally – the sixth costliest year on record.
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NewsVerisk estimates Palisades, Eaton Fires insured loss $28bn-35bn
The cat modeller’s estimate includes losses due to fire and is inclusive of losses to the California Fair Plan.
