News – Page 60
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NewsTop reinsurers achieve COR of 94% in H1 - Gallagher Re
This was supported by higher premiums, lower nat cat loss impact, higher prior year reserve development, and a lower expense ratio
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NewsUkrainian grain insurance facility secures first placement
Marine cargo and war facility has been extended to clients of Lloyd’s brokers
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NewsReinsurance capital could shrink in 2022 - AM Best
Driven by losses in investment markets, another severe property cat season could prove “adverse”
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NewsBest affirms Swiss Re ratings; puts ICR on ‘negative’
Negative outlook on the reinsurance group’s long-term issuer credit rating reflects operating performance pressure
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NewsVida breaks ranks; offers support for R&Q’s Spiegel
A “dramatic change” to the executive leadership of R&Q would create a “major distraction”, insists shareholder
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NewsMarsh launches green and blue hydrogen insurance facility
Led by AIG and Liberty Specialty Markets, the facility offers up to $300m per risk including cover for property damage and BI
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NewsMapfre Re gets the green light for China subsidiary
The new business, which has initial operating capital of €72.5m, will be led by Ignacio Rodríguez Arteche
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NewsEuropean winterstorm losses creep up to €3.74 billion - Perils
The latest estimate makes the February storms the largest European windstorm loss since Kyrill in January 2007
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NewsInsurance M&A hits ten-year high
The sale of Athene Holding to Apollo Global Management for $7.7 billion is deal of the year so far - Clyde & Co
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NewsCyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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NewsChris Killourhy to take the helm at QBE Re
He replaces interim MD Peter Wilkins, who took over following Steve Postlewhite’s departure earlier this year
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NewsOcean Re expands into Europe with Oceva Risk acquisition
Ocean Re is also looking to acquire or launch an insurance/reinsurance business in Europe and the UK
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NewsMunich Re retains position as world’s largest reinsurer
Together, Munich Re and Swiss Re accounted for 24.3% of reinsurance gross premiums written in 2021 - AM Best
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NewsBrickell backs calls to remove R&Q chairman
Former suitor says it has ”lost confidence” in R&Q’s as shareholder Phoenix insists Ken Randall should replace William Spiegel
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NewsWTW appoints Conway to head Ecosystem Resilience practice
She was Lead Climate Finance Negotiator for the US delegation to the UN Framework Convention on Climate Change
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NewsShift away from cat risks creating more “stable” market
A number of re-alignment initiatives have been taking place for at least the last three years, notes AM Best
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NewsArgo reveals $22.5m net loss for H1
With a combined ratio of 95.6%, the group benefited from more favourable pricing and its exit from catastrophe lines
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NewsArgo appoints GuideOne’s Snyder president, US insurance
With a track record of restructuring and transformation, she will report to Tom Bradley, Argo’s executive chairman and CEO
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NewsUkraine: A ‘Matrix moment’ for climate change
The choices governments make in response to the Ukraine conflict might either accelerate or delay the global transition to net-zero emissions
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NewsAon taps University of California to enhance wildfire model
Recent events in North America have changed the perception of wildfire as a secondary peril
