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NewsTysers pays fine to resolve Ecuadorian bribery case
A corruption case brought by the US Justice Department has been resolved with fines and a three-year deferred prosecution agreement for both reinsurance broking firms involved.
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NewsMexico's Hurricane Otis to cost insurers up to $4.5bn – Moody’s RMS
Cat modeller’s estimate reflects wind damage in Mexico, including post-event loss amplification, inflationary trends, and non-modelled sources of loss.
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NewsLMG makes apprentice drive to bring young talent to London market
”Our market is attractive to young people if you open the door to them”, said Sean McGovern, LMG chair.
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NewsGuy Carpenter to acquire Israeli broker Re Solutions
Israeli acquisition includes a fac broking arm and builds a bridge for Guy Carptenter’s insurtech into a major fintech market.
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NewsGallagher Re makes leadership appointments in China
Reinsurance broking firm makes new appointments in Lou and Xia.
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NewsAriel Re hires Partington Howarth as chief capital officer
Partington Howarth rejoins Ariel Re from rival reinsurer Axis Re, where she had been CUO.
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NewsInsurance sector ‘perfectly positioned’ for carbon removal action – Swiss Re
Swiss Re’s senior risk manager advises underwriters to not be ‘scared’ of providing cover for carbon removal
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NewsQBE International names Rob Stone CFO
He was most recently managing Equator Re, QBE’s inward reinsurance facility, before stepping in to run the Finance, Actuarial and Legal function
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NewsChedid Re opens shop in Paris
New French office will support the group’s strategic expansion into the European market
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NewsHurricane Fiona threatens Bermuda as a cat 4
After a remarkably quiet hurricane season to date, Fiona is gaining strength as it passes over Grand Turk Island
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NewsGlobal reinsurers split on nat cat risk
Around half of the top 21 have retrenched, with others increasig their exposure to natural catastrophe risk, finds S&P
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NewsEuropean wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed, finds Chaucer
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NewsUS MGA market hits $70 billion
Growth in 2021 was well in excess of the robust growth achieved in the P&C market as a whole, finds Conning
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NewsHowden launches dedicated capital markets business
Mary O’Connor will lead the new unit, joining from KPMG where she was acting CEO
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NewsGallagher Re & Africa Re partner to tackle Africa’s protection gap
Regional drought conditions and the global political environment call for prompt action around resilience and risk transfer solutions
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NewsWTW expands European D&F team
Victor De Jager joins from AGCS as head of Property for Europe, based in Amsterdam
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NewsRates up 20% to 30% at ‘Florida book’ renewals
Some carriers are exiting business to make their catastrophe reinsurance more affordable
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NewsOrderly renewal at 1 April - Gallagher Re
Capacity largely sufficient in most classes as inflation becomes a key topic
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NewsReinsurance sector retains stable outlook - AM Best
Hardening trend is expected to continue in 2022 after major cat losses in 2021
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