News – Page 70
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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
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NewsSri Lanka riot losses to hit excess layers
Widespread riots broke out in Sri Lanka following an attack on anti-government protests in Colombo on 9 May
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NewsBrickell calls off R&Q takeover deal after ‘material breach’
R&Q to pursue a $100m equity fundraise as Brickell pulls out of acquisition and funding agreement
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NewsNOAA predicts above-average Atlantic hurricane season
Ongoing La Niña and higher Atlantic temperatures set the stage for busy season ahead
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NewsAXA XL names new global CUO
Libby Benet succeeds Nancy Bewlay, who recently assumed leadership of AXA XL’s global reinsurance operation
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NewsBermudian reinsurers at ‘early stage’ of ESG journey
Lack of resource is the biggest barrier to ESG development as Bermuda trails global leaders in Europe
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NewsZurich to sell Russian business and exit market
Insurer is selling the business, which will operate independently, to members of the unit’s team
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NewsUK BoE climate stress test is toughest yet
The results could see capital ratios fall close to, or even below, regulatory minimums, warns Fitch
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NewsPERILS ups loss figures for February cluster of storms
Its current insured property market loss estimate from the winter storm series is €3.6 billion
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NewsMS Amlin offers cover for battery energy storage systems
The Lloyd’s insurer is partnering with insurtech Altelium to offer the solution
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NewsHow insurers can build ‘digital trust’
Poor cyber security, spreading ’fake news’ and failing to protect personal data are classic abuses - Swiss Re Institute
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NewsHorseshoe adopts Artex brand
Horseshoe has transitioned to the Artex brand name, three years after the two firms merged
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NewsSCOR announces oil underwriting restrictions
The French reinsurer will cease providing cover for new oil field production projects from 2023
