Latest news
Gallagher appoints crisis management, financial lines CEOs
Paul Bassett and Simon Brookes become CEOs of their product segments in a reshuffle at the intermediary’s Gallagher Specialty arm.
Climate, technology and geopolitics lead 2025 risks – Beazley CEO
Three overarching key risk areas emerged from Beazley’s ‘Risk & Resilience Predictions for 2025’, the re/insurer’s CEO, Adrian Cox revealed.
Geneva Association releases cyber risk transfer progress report
A new paper from the industry body provides analysis about the challenges facing the cyber re/insurance market, through traditional underwriting and alternative risk transfer.
Howden Asia to appoint new CEO and chairman in 2025
Joining from Marsh McLennan, Rohan Bhappu will first serve as deputy CEO of Howden Asia, then becoming its CEO later next year, at which point current CEO Chye Huat Goh, becomes chairman of the broker’s Asia Pacific arm.
M&A claims surge and W&I market grows to record levels – HWF study
The use of warranty & indemnity insurance grew to record levels in the first half of 2024, according to a study by broker HWF Partners.
Mapfre Re turns to cat bond market for the first time for retro cover
Spanish reinsurer has structured retrocessional protection through a catastrophe bond for the first time, to transfer US wind risk.
Aon and EBRD launch €110m Ukraine war risk facility
The broker has partnered with MS Amlin and several Ukrainian insurers, along with several governments and the European Bank for Reconstruction and Development, to put together the war risk scheme for Ukraine, nearly three years after Russia’s full-scale invasion of the country.
Chubb expands PVT with new Continental Europe, Middle East and North Africa team
New CEMENA team at the insurer is to be led by Becky Jarold, previously senior PV underwriter in Dubai.
Editor’s opinion-analysis: PV’s soft market has dodged a bullet; what will 2025 bring?
A $41m High Court case points to PV’s soft market traits despite the volatile geopolitical landscape, writes David Benyon, editor of GR.
Strong profits and capitalisation support Lloyd’s credit strength – Moody’s
Underwriting performance in the first half of 2024 at Lloyd’s was the market’s strongest in 17 years, the rating agency said, but casualty reserves are a potential weak spot.
WTW report warns of marine & offshore energy hybrid warfare targets
‘Gray zone’ attacks against ships, undersea cables, and offshore oil installations are a major risk in 2025, the broker has warned in a new political risk report.
‘Intense competition’ among London brokers – Gracechurch broker rankings 2024
More women were featured in Gracechurch’s “London’s Leading Brokers 2024” than in the previous year’s broker rankings, while the ‘Big Five’ broking houses dominated the report.
OAK Re appoints Irvine property CUO
Chief underwriter joins from rival carrier Lancashire and was previously a broker at Guy Carpenter.
BMS adds to energy broking practice with three new senior hires
Three London additions to the specialty re/insurance broker come from rival intermediaries Howden and Price Forbes.
Aon names O’Connell global cyber strategy leader, exec MD Reinsurance Solutions
Robert O’Connell was previously CEO of Bermuda-based Cyber Re and Platform Labs, focused on cyber underwriting, data science and analytics.
ASR Middle East starts operating via Lloyd’s Dubai
Africa Specialty Risks Syndicate 2454 is operating through its service company in the Dubai International Financial Centre.
Aon Client Treaty adds three new carriers and increases to 28.5% of placements
The broker’s ‘signature London market placement facility’, led by QBE, renews for 2025 offering 28.5% co-insurance across core lines of business.
Complacency is now biggest risk for insurers – Swiss Re’s Haegeli
Chief economist of Swiss Re Jérôme Haegeli spoke in London as the reinsurer launched its global economic and insurance outlook for 2025/26.
London market has ‘superpower’ to meet client needs against growing risks – Neal
‘We have a riskier world with the impact of Covid, war on land and the climate,’ says chief executive of Lloyd’s John Neal, speaking at an S&P event in London.
OAK Re gains Lloyd’s underwriting approval
Syndicate 2843 launches with blue chip capital providers including Bain Capital and Hampden Agencies, the largest provider of private capital to Lloyd’s.
Hamilton moves into credit, bond and political risk reinsurance with Lottimore hire
Lottimore joins Hamilton in Bermuda from Validus Re where he was vice president, credit lines underwriter for three years.
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