All News articles – Page 11
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NewsAon announces $350m Ukraine war risk programme
The US International Development Finance Corporation and Aon have announced a $50m war risk reinsurance facility, plus an additional $300m in war risk insurance for Ukraine’s health care and agriculture industries.
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NewsP&C vulnerability to non-peak weather perils ‘structural, not cyclical’ – Moody’s
European insurers’ exposure to “non-peak” weather perils rose steeply in 2023 because of a reduction in the availability and an increase in the cost of reinsurance, the ratings firm noted.
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NewsWhat next after Dubai’s 'unprecedented' heavy rains? - Chedid Re interview
On 16 April, Dubai was affected by sudden, heavy rains that caused significant damages. Elsewhere, in Al-Ain, just over sixty miles from Dubai, nearly three times the usual annual rainfall was experienced in a single day.
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NewsLooking to Oman on catastrophe risk – Africa Re’s Zaghloul
Looking around him at DWIC 2024, Mohamed Saad Zaghloul, senior executive officer of the Dubai office of Africa Re Underwriting Management Agency, suggested there would be change and “tough discussion” for UAE treaty business at renewals.
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NewsLloyd’s to open new Miami office for LatAm, Caribbean business
Latin America and Caribbean is an important and fast-growing area for Lloyd’s, accounting for 4.6% of gross written premium ($2.7bn) in 2023.
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NewsGuy Carpenter launches Capital & Advisory group
Alexander Schnieders, a former banker at Goldman Sachs, has been appointed global head of capital and advisory for the reinsurance broker.
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NewsAM Best upgrades reinsurance sector outlook to positive
The rating agency raised its outlook on the reinsurance sector after a period of drastic repricing, higher attachment points and tighter terms and conditions.
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NewsLockton Re appoints Mackay to lead Lloyd’s capital
New hire at the reinsurance broking arm of Lockton joins from Aon, where he was head of Lloyd’s relationships and held a senior role in its Aon Securities arm.
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NewsGeneva Association appoints new chair
President and CEO of AIA takes over the chairman role of the (re)insurance industry body.
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NewsNavigating the oil price cap changes in the shipping industry
Insurers play a pivotal role in assessing and mitigating risks associated with sanctions violations, and adjustments to the OPC scheme were effective from February, writes Daniel Tadros, chief operating officer, The American Club.
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NewsAlta Signa MGA announces Swiss office D&O-led expansion
New office in Switzerland for the Brussels-based MGA will initially focus on D&O business.
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NewsHDI Global appoints Ogden UK & Ireland CEO
The regional CEO role includes responsibility for commercial and specialty business.
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NewsApollo launches first modern captive Lloyd’s syndicate
New syndicate at Lloyd’s managed by Apollo in partnership with “a major global client”.
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NewsAcrisure Re forecasts ‘extremely active’ 2024 hurricane season
This summer’s Atlantic hurricane season could be “double the average”, with a rise in sea surface temperatures and a weaker La Niña weather phase.
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NewsGallagher Re appoints Flasinski North America CEO
Brian Flasinski will lead the reinsurance broker’s North American business from June 1 2024.
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NewsDUAL appoints Sayce as emerging products leader
The MGA announced a newly created role of head of emerging products, with the holder joining from Allianz Commercial.
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NewsRapid premium growth among US MGAs ‘warrants greater oversight’ – AM Best
The rating agency suggests that US managing general agents (MGAs) need closer supervision from their capital providers, as their premium increased by 14.9% last year to reach $81.4bn.
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NewsAI in insurance: a focus on fairness – Earnix
At its core, fairness in machine learning means implementing algorithms that make decisions impartially, writes Luba Orlovsky, principal researcher at Earnix, a technology firm focused on data-driven pricing.
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NewsWhen war risk becomes war reality – Association of Average Adjusters warning
War risk’s growing insurance complexities and unresolved challenges have been spelled out in a speech by the association’s chair, Burkhard Fischer.
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NewsBlenheim appoints Barber to grow its casualty book
Blenheim’s Lloyd’s Syndicate 5886 eyes casualty business with senior hire who previously led Chaucer’s liability division.
