All News articles – Page 9
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NewsOAK unveils underwriting leadership team
OAK Reinsurance has announced a series of senior appointments across its underwriting, capital, and operations teams as the firm builds on a successful launch and positions for future growth. The Bermuda-based reinsurer, which formally launched in November 2024, has already written approximately $400m in gross written premium ...
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NewsWillis and Markel launch $200m cargo facility to address rising geopolitical risk
The new facility, branded Undercover, combines multiple risk exposures into a single facility, allowing cargo owners to tailor cover for geopolitical perils such as war on land, terrorism, political violence, and confiscation.
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NewsLiberty names Fraigneau as president for Europe to lead 2030 strategy
Pierre-Edouard Fraigneau is currently chief underwriting officer for LSM Europe and Liberty Mutual Insurance Europe.
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NewsEurope and Asia outpace US in M&A surge despite global volatility, says WTW
European and Asia Pacific buyers defy geopolitical and economic uncertainty to post strong M&A returns, as North American dealmaking continues to slide, according to broker study.
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NewsMS Amlin appoints Harris to lead Natural Resources portfolio
Nicola Harris most recently served as head of energy for AXA XL’s UK and Lloyd’s business,
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NewsGallagher Re appoints Muñoz to lead global fac
Pablo Muñoz joins from rival Aon, and will be based in both London and Miami, tasked with growing the reinsurance broker’s facultative reinsurance business.
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NewsHowden Re launches Hong Kong reinsurance platform with Wong appointment
Roy Wong brings 25 years of industry experience and was most recently head of Hong Kong reinsurance at rival reinsurance broker Aon.
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NewsAI model predicts Lloyd’s syndicate performance in new HRP-ICMR white paper
A paper, and an AI model for predicting Lloyd’s carriers’ performance, applied concepts inspired by sports analytics, with underwriting returns heavily influenced by cyclical swings.
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NewsAsta takes over managing agency services for GIC Re’s Lloyd’s syndicate
Indian reinsurer appoints Davies-owned Asta to run its syndicate 1947 at Lloyd’s of London, GIC Re has said.
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NewsCedants gain ground in competitive 7/1 renewals, says Gallagher Re
Reinsurance broker’s July renewals briefing indicates a softening reinsurance market, although casualty pricing stayed largely flat.
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NewsAon: Record reinsurance capital spurs competitive 1/7 renewals
Insurers buying protection at midyear renewals benefit from improved pricing, terms and conditions as global reinsurance capital exceeds $720bn, according to reinsurance broker Aon.
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NewsMAPFRE RE strengthens leadership team with finance, group business and chairman appointments
In addition to the two senior management appointments, José Manuel Inchausti will become chairman of the reinsurance arm of the Madrid-based insurer.
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NewsHowden Re launches in Saudi Arabia
Reinsurance broker opens its doors in Riyadh with a group CEO nod towards the re/insurance opportunities created by KSA’s Vision 2030 strategy.
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NewsRising polarisation increases political risk, Willis report warns
Broker analysis links deepening divisions to growing violence and policy unpredictability in democracies across the globe.
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NewsMosaic launches hybrid insurance product to support orphaned well remediation and climate goals
The hybrid pollution product within Mosaic’s environmental liability team combines elements of contractors pollution liability and control of well cover.
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NewsAon report warns cyber reputation risks can wipe out over a quarter of shareholder value
Malware and ransomware attacks emerged as the most reputationally damaging, accounting for 60% of reputation risk events while making up only 45% of total cyber incidents analysed.
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NewsAon gains Florida commission approval for updated hurricane catastrophe model
It follows approval of the re/insurance broker’s US flood model last November and forms part of the firm’s broader suite of solutions for real-time loss forecasting, accumulation scenarios and climate risk assessments.
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NewsApollo appoints Portman to lead energy division and drive growth
Lloyd’s insurance firm and syndicate manager Apollo has named Steve Portman as head of energy, with effect from June 2025, as the firm looks to strengthen its energy portfolio and market position. Portman (pictured), will be based in London, and will report to Simon Mason, head of ...
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NewsInsurers embrace AI for data ingestion, but lack of strategy risks slowing progress, hyperexponential warns
Shadow AI is on the rise among insurance employees, a study warns, with 90% of respondents reporting they use AI tools not formally introduced by their employer.
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NewsLSM reshapes underwriting leadership in UK and MENA with new divisional directors
Mike Burle (pictured) will lead a new specialty division and Meghan Walker has been named divisional director for marine and aviation, Liberty Specialty Markets has announced.
