News – Page 65
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Lancashire in spate of senior hires
James Flude has been named group CUO and James Irvine group CUO for the firm’s reinsurance business
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WTW expands European D&F team
Victor De Jager joins from AGCS as head of Property for Europe, based in Amsterdam
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Bruce Carnegie-Brown named Lloyd’s chair for another term
’There remains a great deal’ to do across the market, he says
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Moody’s places Peak Re on negative review
Contagion risks to Peak Re could “increase as Fosun’s credit profile weakens”
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Liberty Mutual’s Long to retire at year-end
The board has appointed Timothy Sweeney as chief executive officer effective January 2023
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Crypto assets and quantum computing present emerging risks
Are crypto assets implicitly covered by existing property or cyber policies? Asks Swiss Re’s SONAR
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MGA market balloons to $15 billion
Annual growth of approximately 21.7% has been achieved by using technology to create new and disruptive offers
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Beazley launches D&O solution for crypto companies
Crypto firms face a myriad of risks from extreme volatility to a lack of regulation
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Over three quarters of re/insurers remain digital laggards
Fewer than 25% have truly digitised the value chain, despite the accelerating transformation of the last two years - ACORD
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Miller grows Bermuda ILS team
Duda joins from Markel, where he led the retro management team and worked on the launch of Lodgepine Capital
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Earth observation data: A new frontier
How satellites tracking natural catastrophes from space are an important source of data for innovative re/insurers
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Lloyd’s targeted by Mary Poppins-themed flash mob
Protestors called on Lloyd’s to take concrete climate action and protect the next generation
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Systemic fears are stifling cyber market growth
Modelling accumulation risk scenarios will unlock cyber re/insurance potential - Swiss Re
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SCOR’s Michel Blanc steps down after 31 years
He will be succeeded as CEO of Reinsurance by Stuart McMurdo
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Don’t over-promise on net zero, warns Greenberg
Re/insurers could face ‘greenwashing’ lawsuits if they fail to deliver on climate transition pledges, warns Chubb boss
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Leadenhall promotes Volpi to deputy CEO
The ’succession planning’ move does not suggest Luca Albertini is stepping down
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IQUW unveils crisis management solution
Options include product contamination, auto and other component part recall and first party recall risks
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Howden takes on Big Three with TigerRisk acquisition
Merger creates the fourth largest reinsurance broker; Rod Fox to become executive chair of Howden Tiger
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Lessons from the Ituango Dam
Colombia’s Ituango Hydroelectric Project highlights the risks and opportunities for reinsurers in Latin America
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Heritage details cat reinsurance program
Reinsurance to Assist Policyholders (RAP) program unnecessary despite ’deteriorating capacity for Florida risk’