News – Page 66
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NewsHowden 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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NewsLessons from the Ituango Dam
Colombia’s Ituango Hydroelectric Project highlights the risks and opportunities for reinsurers in Latin America
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NewsHeritage details cat reinsurance program
Reinsurance to Assist Policyholders (RAP) program unnecessary despite ’deteriorating capacity for Florida risk’
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NewsGeneva Association appoints new board members
Association has become a supporting institution of UNEP-FI’s Principles for Sustainable Insurance
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NewsWorld’s first carbon insurer launches
Kita’s focus is carbon removal, insuring “carbon delivery risk” to enable carbon removal solutions to scale
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NewsAXIS Re CEO to step down
Steve Arora will leave the company at the end of the year and AXIS Re will exit its Property Reinsurance business
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NewsPeak Re places $150m Black Kite Re cat bond
It is the largest and first 144A catastrophe bond issued from Hong Kong
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NewsUkraine tempers ransomware frequency - Howden
Today’s average cost of cyber cover is more than double what it was last year, however
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NewsCyberCube unpicks the motivations of cyber criminals
State-sponsored actors are among the most significant and concerning to the (re)insurance industry
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NewsRates up 20% to 30% at ‘Florida book’ renewals
Some carriers are exiting business to make their catastrophe reinsurance more affordable
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NewsTSR maintains above-average hurricane forecast
TSR predicts that the 2022 hurricane season may carry an increased risk in the latter part of the storm season
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NewsSCOR sponsors $240m cat bond
Vehicle offers multi-year protection against named storms in the US, earthquakes in the US and Canada, and European windstorms
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NewsMunich Re kicks off Costa Rica carbon removal project
TreeTrust is planting trees across more than ten million square metres of former grassland in northern Costa Rica
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NewsBreslin to head up Lockton Re Capital Markets
Zach Breslin was most recently managing director, Aon Securities in New York
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NewsAGCS: Above-average hurricane trend continues
Scientists believe climate change will make hurricanes wetter, increasing the risk of flooding
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NewsClimate change to become a ‘persistent drag’ on profitability
Re/insurers are likely to be able to bear the costs of the transition to net zero - Bank of England
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NewsAon’s Reinsurance Aggregate records strong performance
ARA group achieved a return on equity of 10.9% in 2021 - the best result since 2014
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NewsLIIBA names three deputy chairs
They are Ed Broking’s Heather Clarkson, Aon’s James Baum and Marsh Specialty UK’s Dominic Samengo-Turner
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NewsCyberCube launches cyber incident response service
Through partnership with Kroll it will offer guidance on major cyber aggregation events
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NewsRenewables face billions of dollars in Ukraine losses - PCS
Conflict in Ukraine has potential to become an ’industry-defining event’ for the global renewables re/insurance sector
