Latest news
Benign cat losses reinforce soft market conditions – Gallagher Re
Below-average first-half losses have left catastrophe budgets largely intact, although earthquake, extreme heat and shifting El Niño risks underline the potential for volatility to return
Regulators propose UK captive insurance regime
Aon said the proposals mark a “significant milestone” in establishing the UK as a competitive captive domicile
QBE appoints Nappin head of outward reinsurance
The ex Munich Re executive will join QBE International early next year to lead reinsurance strategy across the UK, Europe and Asia
Howden Re appoints Sogliuzzo to lead North America MET treaty
The former Gen Re underwriter will lead Howden Re’s North America marine, energy and terror specialty treaty build-out
Aon appoints Deehan APAC CEO of strategy and technology group
The former WTW Greater China divisional leader will focus on expanding Aon’s advisory, analytics and technology-led solutions across Asia Pacific
MGAs ready to trade through softening market, says MGAA’s Keating
MGAA CEO Michael Keating says specialist underwriting, flexible cost base and access to capital should help MGAs navigate competitive market conditions
MSIG Asia appoints Shah regional CEO
Former QBE Asia executive will succeed Clemens Philippi and take on an expanded Asia Pacific leadership mandate at MSIG Asia
Registration opens for final Dive In festival
The 12th and final Dive In festival will focus on the interaction between AI, organisational culture and the future of work in insurance
Everest appoints Hanrahan global distribution and chief commercial officer
Ex head of US retail insurance will lead Everest’s global distribution strategy across insurance and reinsurance
AIG appoints Williams as head of global client and broker relationships
In a newly created role, the former Aon US co-head will lead AIG’s enterprise-wide relationships with key global clients and distribution partners
Liberty Mutual appoints Rees to lead GTS
Former GTS chief underwriting officer succeeds Rowan Bamford as global lines leader for the transactional liability business
Arrow launches marine insurance practice led by Krause
Arrow Risk Management has launched a marine insurance practice, appointing Wayne Krause as underwriting practice leader.
Aon appoints Reville to casualty cat role
Bob Reville joins from Moody’s and will help the re/insurance broker develop casualty catastrophe growth opportunities for insurers
Pen hires Bryant for marine war underwriting role
Kane Bryant joins Vessel Protect from Amphitrite Underwriting as demand for marine war risk cover remains elevated
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
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