News – Page 61
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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
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NewsPartnerRe-Covea bucks the trend as M&A wanes
Fitch expects reinsurers to prioritise pricing, risk management and organic growth
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NewsMitsui Sumitomo confirms Transverse buyout
The acquisition increases MSI’s US presence and offers access to specialist MGA, wholesale and other broker-led distribution channels
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NewsMunich Re reveals €130m of drought losses in Q2
The reinsurer generated a profit of €1.4 billion in the first six months of the year driven by strong organic growth in property-casualty reinsurance.
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NewsGallagher buys crisis and risk management consultancy
AnotherDay provides crisis expertise across political risk/political violence, D&O and criminality, and cyber
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NewsAxa braces for Ukraine-Russia claims
Some of the insurer’s crisis management policies have been ‘triggered’, reveals group chief financial officer
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NewsHannover Re reports combined ratio of 99% in H1
The reinsurer is maintaining its profit guidance after generating group net income of €649 million in the first six months
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NewsSiriusPoint reports net loss of $278m in H1
Interim CEO Malloy says the firm is continuing to ”prioritise the improvement of its Reinsurance underwriting results”
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NewsLloyd’s receives approval for second PCC
The second London Bridge PCC (LB2) will offer a number of extensions in the coverages it can write
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NewsSwiss Re launches ILS advisory subsidiary
The company offers investment management services, with a particular focus on catastrophe bonds
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NewsIGI to buy Norwegian energy MGA
Upon completion of the acquisition, EIO will be renamed IGI Norway
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NewsUIB expands Latin American property team
Based in UIB’s London office, they join existing team member Carlos Rueda, reporting to Julian Ball, UIB’s Co Head of Non-Marine
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NewsHiscox appoints Stéphane Flaquet as chief operating officer
He is currently group chief transformation officer and Interim chief executive officer for Hiscox UK
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NewsSwiss Re reports $938m in H1 catastrophe claims
First half income of $157m was dented by natural catastrophe losses, COVID-related losses and reserving for the war in Ukraine
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NewsHowden to buy French broker CRF
It is Howden’s first acquisition in France since appointing Nicolas Aubert as CEO, Howden France
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NewsEffects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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NewsH1 nat cat losses reach $65 billion - Munich Re
The US led the loss tally with almost half of overall economic losses in the first six months of 2022, and nearly two thirds of insurance losses
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NewsLloyd’s has ‘duty’ to insure Ukraine grain shipments
Chief executive John Neal said Lloyd’s was “the first cab off the rank” when it came to providing insurance coverage
