All reinsurance broker articles – Page 2
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Aon names O’Connell global cyber strategy leader, exec MD Reinsurance Solutions
Robert O’Connell was previously CEO of Bermuda-based Cyber Re and Platform Labs, focused on cyber underwriting, data science and analytics.
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Aon Client Treaty adds three new carriers and increases to 28.5% of placements
The broker’s ‘signature London market placement facility’, led by QBE, renews for 2025 offering 28.5% co-insurance across core lines of business.
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Howden: cyber-attacks cost UK businesses £44bn in the last five years
The (re)insurance broker has estimated firms can reduce the cost of cyber-attack by up to 75% (£30bn) by implementing simple cyber security basics more widely.
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Howden builds Hong Kong presence with Storfield acquisition
Re/insurance broking group buys an Asia Pacific specialist in small-to-medium sized enterprises and high-net-worth clients.
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‘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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Nat 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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Better 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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Aon announces Hofmann as new US reinsurance CEO
Two new senior leadership roles in the US for reinsurance broker Aon.
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Acrisure Re appoints Sharpe head of specialty reinsurance
London market appointment expands the reinsurance broker’s international reinsurance division, joining from rival Gallagher Re.
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First ever insurance payout of Red Cross disaster fund triggered in 2024
Demands for disaster relief this year surpassed the ‘deductible’ threshold of the Red Cross and Red Crescent’s IFRC-DREF’ disaster fund, the NGO has reported.
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Howden Re highlights improved Central European flood resilience
Significant investment by a number of Central European countries on flood defence measures since 2002 had a major impact in ameliorating the consequences of recent floods, the reinsurance broker said.
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Rance to lead Miller’s reinsurance broking strategy and innovation
Steven Rance and Charlotte Lowe join Miller’s reinsurance team, the intermediary said.
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BMS makes two senior leadership hires in London and Miami
BMS Re appoints new Latin American and Caribbean CEO, and BMS Group appoints “market veteran” chief broking officer
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Coalition Re launched as capacity deal announced
‘We equip carriers with deeper insights into the cyber risk in their books,’ says head
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Guy Carpenter issues Global Specialties 2024 market update
Report from the reinsurance broker includes non-marine, terrorism, marine and energy, construction and engineering, aviation and aerospace, trade credit, bond and political risk.
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WPVT Rising: Q&A with Guy Carpenter’s Powell
War, political violence and terrorism questions answered by Jonathan Powell, managing director, non-marine specialty, Guy Carpenter.
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Time to stand out - Gallagher Re’s Wakefield
Against the backdrop of the most dramatic re/insurance market we have seen, Gallagher Re’s CEO Tom Wakefield predicts a return to a true market of differentiation for upcoming 1/1 renewals.
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GR Special Edition: Monte Carlo RVS 2024
This year’s annual print edition of Global Reinsurance for the Monte Carlo reinsurance Rendez-Vous de Septembre is packed with executive interviews, news and analysis and features on the latest trends facing international (re)insurance markets. The magazine, which will be on the stands at Monte Carlo, is FREE to download here.
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Aon appointments expand its Bermuda reinsurance platform
Jemma Henry and Lawrence Cheng hold managing director positions for Aon’s reinsurance team in Bermuda, with Libby Sargent, George Burles, Sonal Ohrie taking vice president roles.
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Guy Carpenter: Driving innovation through nature-based solutions
Research reveals a range of human factors are the main drivers of increasing loss frequency and cumulative losses for severe convective storms, writes Josh Darr, managing director, global head of peril advisory, Guy Carpenter.