All News articles – Page 10
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NewsVerisk puts $30-50bn insured loss range on Milton
Hurricane Milton hit south of Tampa, making landfall in Siesta Key and South Sarasota around on 9 October as a Category 3 hurricane.
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NewsLebecq appointed as Miller’s COO
The insurance and reinsurance broker appoints former CEO of the London Market Group Clare Lebecq as its chief operating officer.
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NewsAon announces Hofmann as new US reinsurance CEO
Two new senior leadership roles in the US for reinsurance broker Aon.
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NewsMoody’s RMS puts $35-55bn insured loss estimate on Helene and Milton combined
Catastrophe modeller Moody’s RMS will issue its final industry-insured loss estimate for Hurricane Milton later this week.
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NewsWhitespace US expansion reflects E&S boom – Verisk’s Gaydos
Verisk’s Greg Gaydos explained why the US excess and surplus lines are the natural next step for its Whitespace product.
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NewsMilton makes Florida landfall south of Tampa
Hurricane Milton’s US landfall came at Siesta Key as a category three storm, leaving more than two million homes and businesses without power.
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NewsRisk of US civil unrest highest level since BLM – Verisk Maplecroft
Verisk warned conditions are “on a par” with those just before the BLM protests and riots following the death of George Floyd in US police custody, which cost approximately $3bn in insured losses in 2020.
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NewsVerisk puts $6-11bn insured loss estimate on Helene
Catastrophe modeller Verisk estimates industry insured losses in the US for Hurricane Helene will range between $6-11bn.
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NewsSoft market for power and offshore energy – two broker reports
Absence of major losses means competitive pricing in power insurance, according to WTW, while offshore renewables faces a long-term soft market, NARDAC said.
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NewsProfit eludes US homeowners’ insurance market – Aon report
“Strong rate activity” isn’t enough to turn around negative to low ROEs for US homeowners insurance carriers, the broker has warned.
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NewsMoody’s RMS puts $11bn insured estimate on Helene
Hurricane Helene will cause an insured loss of between $8bn and $14bn, according to the estimate of catastrophe modeller Moody’s RMS.
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NewsPolitical Risk in 2024: tensions rise as US election looms – HIVE
David Langran, class underwriter, HIVE Underwriters, highlights how the 2024 US Presidential election and rising global conflicts are intensifying political risk, requiring underwriters to navigate growing uncertainties and manage exposures with care.
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NewsAon names Schultz as global vice chair of reinsurance
Richard Pennay is to replace Paul Schultz as the CEO of Aon Securities, the broker’s ILS arm.
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NewsVerisk expands Whitespace with US launch
The technology firm expands its Whitespace platform for excess and surplus and specialty re/insurance business.
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NewsFidelis Partnership launches Silverflame Re
Specialty reinsurance MGA is the latest to be launched via the MGA group’s Pine Walk platform.
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NewsOptio buys European film and events MGA Circles
Specialty MGA makes its largest European acquisition to date for Luxembourg-based contingency and special risks firm.
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NewsCyber-attacks doubled since 2020 – QBE research
The number of disruptive and destructive global cyber-attacks taking place each year will increase by 105% to the end of 2024, according to a report from insurer QBE.
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NewsSaudi Re appoints Ahmed Al-Jabr as new CEO
The reinsurer’s new CEO was previously leading Saudi Re in an acting capacity; in the first half of 2024 Saudi Re grew its book by 19% to SAR 1.4bn gross premium.
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NewsMiller completes acquisition of specialty re/insurance broker Bruzon
Independent broker Miller finalises its acquisition of Spanish broker, its third Continental European acquisition in the past two years.
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NewsAcrisure Re appoints Sharpe head of specialty reinsurance
London market appointment expands the reinsurance broker’s international reinsurance division, joining from rival Gallagher Re.
