All News articles – Page 60
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NewsAXIS continues exit from property reinsurance in Q2
Reorganisation expenses related to the company’s exit from property reinsurance business were $16m
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NewsAIG welcomes back Fry as EVP, reinsurance buying
Charlie Fry rejoins from Acacia Holdings and assumes responsibility for AIG’s reinsurance purchasing strategy
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NewsUkraine fall-out and new ransomware tactics elevate cyber risks
The maritime sector and satellite infrastructure are sectors most likely to be targeted by cyber criminals
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NewsHowden Re expands presence in Germany
Guy Carpenter’s Carsten Thienel will head up the new operations as part of a concerted push in the DACH region
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NewsFLOIR's warning as Demotech moves to downgrade 17 carriers
Florida Office of Insurance Regulation slams the move; says rating agency is exerting ’coercive influence’
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NewsSCSs drive $39 billion in 1H nat cat claims
Claims were 18% higher than the 21st century average, with Severe Convective Storms accounting for over half of losses
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NewsCyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Association
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NewsRussian gas cut-off would be uninsured - Fitch
Businesses suffering losses in such a scenario may be able to claim under political risk policies, but it would not be straightforward
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NewsSwiss Re hires chief commercial officer, Reinsurance Solutions
Paul Latarche joins Swiss Re from Verisk where he currently leads the international sales team
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NewsAXA XL expands US cyber team
Rachel Rossini becomes product manager for Cyber and Technology E&O, and Vern Suckerman becomes US head of Complex Accounts
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NewsBHSI opens shop in Switzerland
Leander Metzger has been appointed country manager for the new office in Zurich
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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
