News – Page 86
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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
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NewsSCOR reveals net loss of €239m in H1
Reinsurer reveals it is pulling back from agriculture after taking a €193m hit from droughts in Brazil
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NewsAXIS continues exit from property reinsurance in Q2
Reorganisation expenses related to the company’s exit from property reinsurance business were $16m
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NewsAIG welcomes back Fry as EVP, reinsurance buying
Charlie Fry rejoins from Acacia Holdings and assumes responsibility for AIG’s reinsurance purchasing strategy
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NewsUkraine fall-out and new ransomware tactics elevate cyber risks
The maritime sector and satellite infrastructure are sectors most likely to be targeted by cyber criminals
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NewsHowden Re expands presence in Germany
Guy Carpenter’s Carsten Thienel will head up the new operations as part of a concerted push in the DACH region
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NewsFLOIR's warning as Demotech moves to downgrade 17 carriers
Florida Office of Insurance Regulation slams the move; says rating agency is exerting ’coercive influence’
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NewsSCSs drive $39 billion in 1H nat cat claims
Claims were 18% higher than the 21st century average, with Severe Convective Storms accounting for over half of losses
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NewsCyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Association
