Latest news
Verisk estimates Venezuela quake losses above $10bn
The June 24 earthquake sequence was the strongest to affect Venezuela since 1900, according to Verisk, striking 100 miles west of Caracas
Howden Re: Political violence market faces dynamic July renewal
Re/insurance broker Howden Re said Middle East strikes have reshaped underwriting appetite while civil unrest and active assailant perils add pressure globally
Gallagher Re appoints Vohra to lead Dubai fac team
Shreyaa Vohra joins from Price Forbes and will lead Gallagher Re’s facultative business from the DIFC
Everest names Buonpane global construction head
Danielle Stewart has also been promoted to president of Everest Evolution, the company’s US wholesale platform
Aon: Record reinsurance capital is supporting insurer growth
The re/insurance broker said mid-year renewals delivered double-digit pricing reductions and improved terms on property catastrophe placements
Gallagher Re: 1/7 renewals favour more creative structures
The reinsurance broker said in its midyear renewals report that abundant capital and strong reinsurer returns are improving pricing while allowing cedants to reshape programmes
AIG appoints Bewlay as global CUO
Nancy Bewlay joins US insurer AIG from AXA and will report to AIG’s president and CEO Eric Andersen
Fidelis Partnership launches Adroit US SME casualty reinsurance MGA
Adroit Underwriting will write across US casualty lines through Pine Walk, backed by TFP syndicates and third-party carriers
Mosaic launches political risk talent programme
The new initiative by the Bermuda and London market insurer began with a forum at Lloyd’s bringing together senior political risk executives and Cambridge students
Miller appoints Plant as North American property head
Kim Plant joins the broker from Amwins as Miller continues to build its US and Canada wholesale property business
LSM promotes Howell to UK and MENA claims head
Sarah Howell succeeds Scott Kellers and will join Liberty Specialty Markets’ UK and MENA executive leadership team
Howden Re: LatAm renewals soften amid abundant capacity
Reinsurance renewals on 1 July were shaped by competition, over-placement and growing interest in structured and parametric solutions, Howden Re said
Opinion: Analysing chokepoint exposures after the Strait of Hormuz crisis
What 100+ days of Hormuz disruption taught re/insurance about chokepoint accumulation, writes Adam Fysh, founder of Narrows
CCR ends investment support for oil and gas expansion
Reclaim Finance said the French state-backed reinsurer is the first public reinsurer in Europe to adopt such a policy
Aon appoints Reid as EMEA fac reinsurance CEO
Mike Reid joins from Sompo and succeeds Nick Fraccalvieri, who was named global CEO of facultative reinsurance in March
FCDO commits further £3m to Natural Disaster Fund facility
The additional funding will support 10 to 15 more risk transfer projects for climate-vulnerable countries through to 2030
MS Amlin joins Natural Disaster Fund as capacity partner
Lloyd’s re/insurer MS Amlin joins Hannover Re as a capacity provider, committing up to $50m of risk capacity to support climate and disaster protection across the Global South
Howden Re strengthens China reinsurance team
Houqin Zhu, Mike Xin and David Song join in senior roles covering treaty, agriculture and retrocession, with China marked as “a strategic priority” for the reinsurance broker
Insurers need production AI, not pilot AI, says Earnix CEO Gilthorpe
Insurers are under pressure to move AI from experimentation into governed, scalable decisioning across underwriting, pricing and portfolio management, Earnix CEO Robin Gilthorpe told GR
BMS opens global capability centre in Mumbai
The India centre will support BMS’s investment in data, analytics and AI capability across broking operations and client service
RGA names O’Loughlin head of Americas
Senan O’Loughlin will lead RGA’s Americas business and join the reinsurer’s executive committee
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