News – Page 103
-
NewsFitch Ratings: Reinsurance Sector Poised to Post Slight Underwriting Profitability in 2021
Fitch Ratings forecasts a 2021 reinsurance combined ratio of 99.1%, reflecting 9.0pp average catastrophe losses, 1.5pp for additional coronavirus losses and 1.0pp of reserve releases.
-
News‘Average’ Atlantic hurricane season to reflect more storms
Higher averages based on most recent 30-year climate record
-
NewsSonja Rottiers to step down from Lloyd’s
Sonja Rottiers will be stepping down at the Lloyd’s Insurance Company (LIC) General Assembly on 1 June 2021.
-
NewsNew CEO of Dubai National Insurance & Reinsurance
With more than 25 years of experience in the government and private sectors, Al Nuaimi holds an EMBA degree in Leadership & Business Management from Wharton Business School of the University of Pennsylvania.
-
People & OpinionKathleen Faries is new CEO of Horseshoe
Kathleen Faries has been appointed chief executive officer of Horseshoe, the Bermudian-based leading ILS specialist and fund administrator. Ms Faries, whose appointment is effective on Thursday, succeeds Horseshoe founder and current CEO Andre Perez, who will assume the new role of executive chairman following a short transition period, the company ...
-
NewsFormer PartnerRe CEO joins board of Tremor
Online reinsurance marketplace Tremor Technologies has attracted former PartnerRe president and chief executive officer Emmanuel Clarke. He has joined the board of the Boston-based company. Mr Clarke worked for Bermudian-based PartnerRe for more than 25 years. He left the company last year. Tremor said the vast majority of reinsurance capital ...
-
NewsCyclone destroys homes, cuts power to 31,500 on Australia’s west coast
Officials said around 70% of the structures in the coastal town of Kalbarri, about 500 kilometres (310 miles) north of state capital Perth, had sustained damage when the category three storm made landfall late on Sunday.
-
NewsAon offers concessions seeking EU nod on $30 billion Willis bid
Aon has offered concessions to gain EU antitrust approval for its $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Monday.
-
NewsUnpicking the Greensill collapse
Did fintech superstardom enable the Greensill collapse and fallout and could it all have been prevented?
-
NewsSuez backlog presents further disruption
Brexit, the pandemic and recent Suez Canal blockage have brought into question lean manufacturing philosophies
-
NewsDigital disruption tops banks' emerging risks
Untimely adoption may drive sudden changes to information security, change management, business continuity and third-party risk exposures
-
NewsEnergy sector undergoes rapid transformation
WTW report highlights the importance of using risk quantifications and analytics to conduct energy transition initiatives
-
NewsWillis Re: 7% growth in global reinsurance capital, with signs of underlying combined ratio improvement
Total capital dedicated to the global reinsurance industry measured USD 658 billion at year-end 2020 reflecting 7% year-on-year growth. The rise was driven primarily by strong investment market appreciation.
-
NewsLabuan anticipates strong captive growth
Captive formation set to increase further in 2021 fuelled by the hardening commercial insurance market and renewed economic growth
-
NewsSwiss watchdog asked Credit Suisse on Greensill risks - SonntagsZeitung
Switzerland’s second-biggest bank has been reeling from its exposure to the collapse first of Greensill Capital and then Archegos Capital Management within the course of one month.
-
People & OpinionDietrich to lead Hiscox Europe
Specialist global insurer Hiscox has appointed Robert Dietrich as the new CEO of Hiscox Europe. Dietrich takes up the role immediately, succeeding Stephane Flaquet who was appointed to the new role of Chief Transformation Officer earlier this year.
-
NewsWatford Announces Purchase of Axeria IARD
Watford has completed the purchase of Axeria IARD (“Axeria”), a property and casualty insurance company based in France. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group.
-
NewsUnderwriting room could remain Lloyd’s focal point, but its role needs redefining – LIIBA
Lloyd’s of London’s underwriting room could remain a key focal point post pandemic, but its role needs redefining according to the London and International Insurance Brokers Association (LIIBA).
-
People & OpinionAXA XL appoints Sundeep Khera Head of Marine, UK and Lloyd’s market and Global Head of Hull
Mr. Khera is currently Head of Marine, Asia-Pacific, at AXA XL, based in Singapore. In his new roles, he will be responsible for driving strategic, profitable expansion across the UK & Lloyd’s region and the division’s Global Hull books of business.
-
NewsClimate change is the ‘biggest single investment opportunity’ for sector – Lloyd’s John Neal
Climate change is not a threat - instead it is the “biggest single investment opportunity” for the insurance sector in this lifetime, according to Lloyd’s of London’s chief executive John Neal.
