All reinsurance articles – Page 15
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NewsCatastrophic floods hit three Australian states
More extreme weather is on its way with widespread rain and storms forecast across eastern Australia later this week
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NewsZurich names Penny Seach group CUO
She replaces Hayley Robinson, who has decided to step down at the end of the year for family health reasons
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NewsMiller appoints Matthew Hooker as regional head of Energy for Asia-Pacific
Hooker joins from Allianz Global Corporate & Specialty, where he was Asia Pacific regional head of Energy & Construction
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NewsSiriusPoint names Steve Yendall chief financial officer
Yendall replaces current SiriusPoint CFO David Junius, who has resigned to pursue other opportunities
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NewsUkraine ‘protection gaps’ must be addressed
Solutions for supply chain, reputation and other risks are needed to tackle ’seismic’ change - Lloyd’s and Aon
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NewsLloyd’s finds ‘no evidence of any compromise’ following suspected cyber attack
The market has been advised that it can now restore its network services
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NewsJohan Slabbert appointed CEO of MSIG Holdings (US)
Veteran underwriter Andrew Carrier will take on Slabbert’s current role of MS Amlin chief executive
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NewsHurricane Ian to cost insurers up to $74 billion - RMS
Estimate reflects insured wind, storm surge, and inland flood impacts for the US with additional NFIP losses up to $10 billion
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NewsLloyd’s of London resets systems following potential cyber attack
The international insurance marketplace detected ‘unusual activity’ on its network
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NewsGallagher Re develops risk financing strategy for Senegal
It will combine public and private capital to finance the growing risks posed by climate change and food insecurity
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NewsMunich Re announces major new oil and gas policy
As of 1 April 2023 reinsurer will no longer invest in or insure projects exclusively covering new oil and gas fields
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NewsAon names Paul Shedden as Reinsurance Solutions global analytics lead
At Sompo International, he was head of Portfolio Design, Pricing and Analytics – Global Insurance
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NewsHowden Re names Tan director, ASEAN Treaty/Retrocession
She will be based in Singapore and will report to Stephen Warwick, head of Treaty for Asia Pacific
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NewsAriel Re granted approval for Lloyd’s managing agent
Ariel Re Managing Agency (ARMA) will be headed up by Darren Lednor
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NewsTotal economic damage from Ian to breach $100 billion, says KCC
Cat modeller predicts high proportion of litigated claims due to ‘tremendous amount’ of coastal flooding
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NewsIGI names Chris Jarvis chief underwriter
Jarvis joins from Canopius Managing Agency, where he was joint active underwriter, Syndicate 4444 and 1861
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NewsSwiss Re and Indonesia Re in digital collaboration
The collaboration will act as a catalyst for digital transformation in Indonesia’s insurance industry
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NewsInflation a major wildcard for Florida recovery - RMS
’Wind versus water’ claims disputes to arise post Ian, with full recovery likely to “take years”
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NewsCanopius names Tracey Corrigan group head of change
She joins from QBE and will be based in London, reporting to Group COO Kate Roy
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NewsVerisk pegs Ian losses at $42 to $57 billion
Ian brought significant storm surge damage, however, the flood insurance take-up on residential risks in Florida are low
