News – Page 9
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News“Grey zone” losses prompt action – WTW geopolitics report
Some 47% of firms have experienced a political risk loss in excess of $50m, broker WTW warned, and 96% said they have invested in political risk management capabilities.
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NewsFidelis Partnership to open Abu Dhabi office
Matthew Warren joins from broker Oneglobal to lead the office as executive chairman of Fidelis MEASA.
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NewsPool Re, RUSI report warns of terrorists using AI
Terrorist exploitation of artificial intelligence is at the centre of a study published by Pool Re, the UK’s government-backed public-private reinsurance backstop for terrorism risk.
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NewsEverest Insurance launches in Australia
Bermudan re/insurer Everest gains approval to underwrite Australian insurance from the country’s regulator.
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NewsPrudence and profligacy: two M&A studies urge caution and reveal value destruction of carrier deals
Only 52% of the last decade’s largest acquisitions among insurance carriers created long-term value for their shareholders, according to ACORD research while a WTW study suggests more caution is on the horizon.
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NewsMS Re announces new board appointments
Two appointments to the reinsurer’s Zurich-based supervisory board of directors, including a chair of its audit committee.
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NewsSwiss Re announces new Corporate Solutions CEO, Ojeisekhoba exit
Ivan Gonzalez (pictured) takes over the Corporate Solutions top job, and Moses Ojeisekhoba, the reinsurer’s CEO global clients and solutions, leaves Swiss Re at the end of August.
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NewsAon launches first comprehensive carbon capture and storage product
The re/insurance broker said its insurance solution to support energy transition is the first of its kind.
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NewsAviation insurers focused on data for improved pricing – Charles Taylor
An interview with aviation loss adjusters at Charles Taylor focused on how aviation firms and their insurers are doing more with data.
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NewsCyber reinsurance report highlights different dynamics to cat risks – Howden Re
A first-of-its-kind study from reinsurance broker Howden Re, uses data from cyber underwriters’ modelled losses for insights into the industry’s market risk tolerance.
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NewsAon names Allen as exec MD of reinsurance capital advisory
Will Allen most recently served as CEO of London Innovation Underwriters, which he founded to deploy funds into the Lloyd’s market.
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NewsWTW, AXIS boost cyber facility with increased capacity and broader coverage
The broker has announced “strategic enhancements” to its global cyber facility, led by AXIS Capital.
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NewsEvolin launches terrorism broking facility with Chaucer
Broker facility, led by Chaucer, has a $500m limit per policy for terrorism plus optional coverages.
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NewsAscot appoints Watkins as its Bermuda head
Jason Pugi has also been named as the re/insurer’s head of Bermuda excess casualty.
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NewsCanopius appoints DeCouto and Morgan to reinsurance CUO and CFO roles
Change at the top for Canopius in Bermuda sees a new chief financial officer and a new chief underwriter join from Validus Re.
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NewsAM Best keeps ‘stable’ outlook on Gulf insurance markets
The insurance markets of the Gulf countries are broadly stable, the rating agency said in a segment report, but reinsurance was flagged as a vulnerability for local carriers.
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NewsAgile ‘syndicate-in-a-box’ starts underwriting at Lloyd’s
The new Agile Lloyd’s Syndicate 2427 is focused primarily on Australia and New Zealand, writing accident and health, aviation, casualty, construction, financial lines, and property business.
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NewsArch Insurance names Rizzi chief claims officer
Barbara Rizzi was previously head of third-party claims, and was a lawyer for Clyde & Co and Kennedys.
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NewsArgenta Syndicate Management appoints Goddard to board
Argenta Syndicate Management has said it has appointed Miriam Goddard to its board as a non-executive director.
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NewsASR launches first Africa-focused Lloyd’s syndicate
Africa Specialty Risks Syndicate 2454 will focus on African risks, which currently make up only 2% of the Lloyd’s market.
