Latest news
Dark clouds: aviation re/insurance market update – WTW
Underlying factors offer few indications the market will harden in the first half of 2025 and early reinsurance renewals suggest direct insurers are receptive to negotiation as momentum from Q4 shows little signs of abating, according to WTW.
Howden announces Forbes Insurance and Hill Aviation broking acquisitions
Two UK aviation focused broking acquisitions for the re/insurance intermediary, both focused on the UK primary market, with firms in the North of England.
Hiscox, Howden, Swiss Re and Insurance Development Forum launch $9.25m Syrian drought partnership
Re/insurance firms working together on climate risk insurance project to protect vulnerable communities from the impacts of drought in Syria.
Willis, Global Parametrics announce first parametric payout in Vietnam
Backed by the Natural Disaster Fund and in partnership with Bao Minh Insurance Corporation, the parametric product protects coffee growers affected by drought in the Southeast Asian country.
Convex enters Lloyd’s with Syndicate 1984, targets £150m GWP this year
Convex, the reinsurer led by Stephen Catlin and Paul Brand in 2018, expects to start writing business at Lloyd’s from April 2025.
BMS Re appoints Biddell to lead London P&C
Broker bolsters reinsurance leadership team with the appointment of Genna Biddell, who joins from rival Howden Re.
Cyber market reaches $16.6bn – Guy Carpenter report
Pricing for cyber insurance flattened or decreased in 2023, continuing to adjust throughout 2024, according to the reinsurance broker.
Specialty MGA Optio appoints Head as CUO
Gary Head joins from AXA where he led its schemes & delegated authority, financial lines and specialty teams.
M&A insurers anticipate rebound in deals activity – Gallagher’s Russell
Insurance products for mergers are in a soft market, with fewer deals taking place in 2023-2024, but insurers are sensing new opportunities, Gallagher Specialty’s transaction risk leader, Charles Russell, tells GR.
AXA XL partners with Save the Children in Sierra Leone with $1.2m climate resilience grant
Five-year initiative represents a major African community climate-resilience partnership, the re/insurer said.
Insurance House Appoints Abu Quora as new CEO
Abu Dhabi-based subsidiary of Finance House Group has appointed of Mohammad Alamin Abu Quora as its new chief executive with the aim “to drive strategic growth”.
MS Amlin expands DIFC presence with MENA credit and political risk launch
Lloyd’s speciality insurer expands Dubai operations with hire of Osama Elshiekh from The Hartford.
AI Act: Europe’s bid for trustworthy AI development and global leadership – Earnix
AI systems must be transparent, free from bias, and easily explainable, writes Robin Gilthorpe, CEO of Earnix.
Aviva adds A&H and PVT as two new classes at Lloyd’s via Probitas
Political violence and terrorism and accident and health expansion underscores Aviva’s ambition to become “a leading dual-platform”, the UK-based group said.
Ratings maintained after reserve strengthening at Everest
Reserve additions for US casualty business adding up to $1.7bn for Everest Group did not change its credit ratings for AM Best.
Aegis London launches $100m political violence consortium
New Lloyd’s consortium to pool focus on political violence and terrorism business, including war risk and civil unrest.
Willis appoints Easton to alternative risk transfer leadership role
New global head of alternative risk transfer (ART) and head of western Europe for risk and analytics.
Aon, Swiss Re and Floodbase launch storm surge parametric partnership
Parametric solution bringing together the broker, re/insurer and parametric provider aims ‘to bolster US hurricane insurance protection’.
Regulatory proceedings ‘dominate’ European D&O claims – Alta Signa
Bankruptcy litigation followed regulatory action as the leading cause of European D&O claims, according to the Continental European focused specialty MGA.
Miller announces acquisition of marine and energy focused broker AHJ
Broking acquisition of marine and energy-focused reinsurance intermediary “to significantly accelerate Miller’s reinsurance build-out”.
Generali and Descartes launch ILS fund parametric partnership
Descartes Underwriting and GC&C co-launch Lumyna Twelve Capital parametric ILS Fund
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