Latest news
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
Howden Re opens Ireland office
David Carpenter has been appointed director of Howden Re Ireland as the broker expands its European footprint
AXA XL appoints Giordano as global CUO
Jeanmarie Giordano joins from Everest, succeeding Libby Benet, who has been appointed CEO of AXA XL Risk Advisory
Aon launches Contract AI for reinsurance coverage analysis
Artificial intelligence platform will allow Aon brokers to assess exclusions, clauses and market trends across 15 lines of reinsurance business
Bermuda focuses on innovation and diversification to build on reinsurance strength
Bermuda wants to use its re/insurance market strength as a platform for innovation, economic diversification and new business formation across insurtech, digital assets, cyber and shipping
Willis says most cyber breach losses are covered
The broker’s latest claims report analysed 5,500 cyber claims across 95 countries and around $1bn of insurer payments
Price Forbes builds MEA fac team with two senior hires
Facultative reinsurance hires Tarek Semaan and Anthony Abi Fadel join from Gallagher Re as Price Forbes expands its capabilities in Dubai
Synthetik: data centres need engineering-based PML approach for PVT risk
Synthetik Insurance Technologies has warned that traditional political violence and terrorism modelling may fail to capture the step change in loss severity facing data centres when blast effects move from external damage to internal structural impact
Gallagher Re: Florida reforms drive market softening amid quieter hurricane outlook
Reinsurance broker’s nat cat update said Florida buyers used a softer market to add protection, as the broker highlighted lower expected Atlantic hurricane activity and abundant mid-year capacity
LSM, ICEYE launch parametric wildfire cover using satellite data
Liberty and ICEYE have launched a building-level parametric wildfire solution in the US and Australia, using satellite data and automated damage assessment to support faster payouts after wildfire events
Willis Re appoints Ogilvie and Dart to specialty roles
Jonathan Ogilvie will lead non-marine specialties globally, while Chris Dart has been named head of treaty reinsurance in Bermuda
Aon names Dando chief broking officer for Global Broking Center
Steve Dando will set the broking strategy for Aon’s London-based wholesale and specialty broking business
Willis Re appoints Fletcher as Bermuda CEO
John Fletcher joins the reinsurance broker, previously at Guy Carpenter, where he led its Bermuda operations since 2018
BMS launches delegated authority and consortia team
Richard Wynn will lead the new cross-team unit, which will focus on broking and servicing Lloyd’s market consortia
Lancashire US expands with three new product lines
Financial lines, inland marine and environmental liability will join Lancashire Insurance US’s existing energy casualty, property and general casualty offering
Gallagher Re warns AI model evaluation is limiting insurer confidence
Current evaluation methods focus on performance rather than failure, creating challenges for insurers seeking to price AI risk, the broker said
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England, BH1 1BZ - a USA Today company
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