WEF: ‘Escalating’ environmental, geopolitical, social, technology challenges
War risk is the biggest immediate fear, imperilling stability and progress, while technology and the environment loom large and dominate medium long term concerns, according to the 20th edition of the World Economic Forum’s (WEF) Global Risks Report 2025.
Latest updates
Munich Re appoints Schwimmer to lead specialty reinsurance, Lloyd’s and Bermuda
Christa Schwimmer has been with Munich Re for 23 years, starting in 2002 as a property treaty underwriter for Japan.
Arch Insurance EU appoints Smith CEO
Duncan Smith is promoted to lead Arch’s European Union subsidiary in Dublin.
David Howden plea to brokers stresses London’s ‘untapped potential’
In a rapidly evolving geopolitical landscape, insurance alone has the power to de-risk potentially trillions currently sitting untouched on company balance sheets, according to Howden Group’s chief executive.
Lockton Re adds two senior casualty brokers in London
Daniel Moruzzi and Matthew Cope have both joined the reinsurance broker’s international P&C division in London as senior brokers.
LA wildfires have likely destroyed 10,000+ buildings, costing insurers ‘billions’
Los Angeles wildfires, with the Palisades fire looking like the most destructive, have already burned 11,802 acres and are “0% contained” as high winds threaten to further fan the flames.
ASR launches first Africa focused Lloyd’s consortium
Baobab will work across political risk, trade credit, political violence & terrorism, property, energy, construction and liability lines.
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