News – Page 95
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NewsClimate protesters block Lloyd’s entrance
Extinction Rebellion has blocked access to the market as it calls on re/insurers to stop insuring fossil fuel projects
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NewsUkraine drives Q1 losses up to $30 billion - Guy Carp
An active natural catastrophe period combined with the Russia-Ukraine conflict are driving claims severity
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NewsInigo issues first catastrophe bond
Montoya Re is a $115m transaction covering earthquake and windstorm risk in the US, Canada and Japan
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NewsAon Names Ferreira as LatAm Reinsurance CEO
Pablo Muñoz becomes Reinsurance Solutions LatAm chair and strategic growth leader of Global Facultative Reinsurance
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NewsUkraine crisis adds to inflation risk for insurers
Persistently high inflation will increase P&C insurers’ claims, eroding their earnings - Moody’s
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NewsSwiss Re targets ROE of 14% for 2024
The Group has completed its turnaround of Corporate Solutions and improved P&C margins - CEO Mumenthaler
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NewsWorld’s first crypto reinsurer launches
Relm II can accept both fiat and crypto as collateral and is domiciled in Bermuda
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NewsRenRe launches casualty/specialty sidecar
Institutional investors also backed joint venture Fontana, which has launched with $475m of capital
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NewsSIRC 2022 will be an in-person event
The reinsurance conference is returning on 31 October to 3 November at Singapore’s Sands Expo & Convention Centre
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NewsRussia sanctions create fallout for trade credit insurers
Businesses seeking trade credit insurance may find cover unavailable as insurers react to ongoing sanctions
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NewsO’Donnell is named chair of ClimateWise
Kevin O’Donnell, president and CEO of RenaissanceRe, will head up the industry climate action body
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NewsGuy Carpenter appoints Enoizi as Public Sector head
The former Pool Re boss will lead Guy Carpenter’s Public Sector practice in a newly-created role
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NewsReinsurance Pool legislation passes in Australia
The risk pool for cyclone and cyclone-related flood will launch in just three months
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NewsOrderly renewal at 1 April - Gallagher Re
Capacity largely sufficient in most classes as inflation becomes a key topic
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NewsReinsurance sector retains stable outlook - AM Best
Hardening trend is expected to continue in 2022 after major cat losses in 2021
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NewsSwiss Re: Natural catastrophes in 2021: the floodgates are open
In 2021, there were more than 50 severe flood events around the world, resulting in combined economic losses of more than USD 80 billion.
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NewsLloyd’s boss John Neal hospitalised after cycle accident
The executive team will lead Lloyd’s while Neal recovers
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NewsCoalition launches ‘full-stack’ cyber insurer
A- rated carrier will target small businesses and brokers and is backed by Coalition’s Active Insurance platform
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NewsArdonagh Specialty joins Brokerslink network
The move strengthens the network’s access to the London and Lloyd’s markets
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NewsGulf Business News: DIFC, Global Ethical Finance Initiative join hands to support COP28 agenda
DIFC and GEFI aim to drive change across the world’s financial industry relating to delivering net zero, unlocking Islamic finance, financing nature and biodiversity, and financing sustainable development goals
