News – Page 13
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NewsEnvelop Underwriting launches with Dom Peters as CEO
New entity to encompass all existing underwriting activities, including Envelop Risk Bermuda and Envelop at Lloyd’s, including its special purpose arrangement, Envelop Risk SPA 1925.
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NewsOasis publishes exposure management C-suite guidance
“Navigating the Storm - The C-Suite Guide to Mastering Exposure Management”, from the the open source cat modelling platform, aims to provide best practices for resilience, compliance, and profitability in an unpredictable global environment.
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NewsHannover Re CEO Henchoz to step down in 2025; CFO Jungsthöfel to take top job
Clemens Jungsthöfel will take over the group chief executive role at Hannover Re from 1 April 2025.
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News‘Rosy picture’ belies the challenges carriers face, Convex’s Brand warns
Speaking at an AM Best event in London, Convex’s CEO gave a (re)insurance carrier’s perspective to challenges, from claims activity, operating expenses and market cyclicality, to the balance of power between brokers and carriers.
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NewsSwiss Re strengthens US liability reserves by $2.4bn
The reinsurer made its “ad hoc announcement”, saying it would miss its combined ratio target for the year as a result, with third quarter net income of $0.1bn.
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NewsPool Re appoints Stark as head of underwriting
Andrew Stark starts a newly created role at the UK’s terrorism reinsurance public-private partnership.
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News‘Polycrisis’ presents insurers with ‘impactful’ opportunity – Axa UK & Ireland CEO
Plus, Aviva’s UKGI boss emphasises that insurers must ‘put our money where our mouths are’ when it comes to engaging on ‘collective goals’.
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NewsTwo-thirds of insurers plan to implement AI predictive models within two years – Earnix
The technology firm surveyed more than 400 global insurance executives to uncover technology and artificial intelligence (AI) trends, revealing that replacing legacy systems remains a significant challenge.
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News‘Inflection point’ reached in US casualty reserving – Lockton Re
Reinsurance broker’s paper highlights potential end to material adverse development in casualty lines for calendar year 2025.
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NewsAon Underwriting Managers hires new CUO
Simon Clapham, formerly of Brit and Liberty Specialty Markets, joins Aon’s MGA operation as its chief underwriter.
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NewsExtinction Rebellion targets multiple London market insurance firms
The climate change protest group has carried out a campaign of protests targeting insurance companies across London.
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NewsReinsurer ROEs rise on underwriting, investment results – AM Best
AM Best’s DuPont analysis indicated reserve leverage for the composite dropped, led by non-life reinsurers, other than the ‘big four’, whose reserve leverage was relatively stable.
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NewsRiverStone and QBE announce loss portfolio transfer deal
Run-off re/insurer takes on reserves of $1.2bn for Lloyd’s syndicate legacy business from QBE.
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NewsSaudi Vision 2030 & GHE 2024: where the tech revolution and health re/insurance meet
Editor of GR, David Benyon, reflects on health technology trends for re/insuring the sector, from a recent trip to Saudi Arabia, attending GHE 2024.
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NewsNat cats in 2024 likely to surpass last year’s claims bill – Aon
A Q3 Global Catastrophe Recap report from Aon Reinsurance Solutions sees nat cat losses already exceeding $102bn for this year, while global reinsurer capital neared $700bn as of the year’s halfway point.
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News‘Do the simple stuff first’ with data journeys – AdvantageGo’s Summers
Long projects in technology have very bad track records,’ warns AdvantageGo’s global business leader Ian Summers.
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NewsFrom Mariupol to Gaza – measuring political violence losses with Charles Taylor Adjusting
Loss adjustment from warzones is a service in high demand, given the geopolitical state of the world in 2024, and the rising prominence of war, political violence and terrorism business among London market re/insurers.
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NewsAI and insurance: ‘The Hare and the Tortoise’ – Earnix CEO interview
The insurance industry is renowned for its conservatism; AI on the other hand, is talked of in revolutionary terms; where and how will the two meet?
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NewsBetter risk selection could cut 16% from cyber insurers’ loss ratios – Gallagher Re
After a global study of 62,000 organisations, the reinsurance broker suggests removing “most at risk entities” from cyber insurance books could reduce loss ratios by up to 16%.
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NewsIndustry relevance focus at Baden-Baden for Guy Carpenter, Swiss Re
Reinsurance broker Guy Carpenter emphasised “clearly defined roles”, partnership and innovation for its Baden-Baden Reinsurance Symposium.
