All News articles – Page 11
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NewsPositive pricing dynamics benefit MENA and SSA reinsurers – AM Best
Two reports from rating agency AM Best give an upbeat summary of the market environment for reinsurers in the regions of Middle East and North Africa (MENA), and Sub-Saharan Africa (SSA).
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NewsHurricane Helene slams into Florida – Moody’s re/insurance impact report
Insurers most exposed to the storm are Florida-only carriers, the ratings agency emphasised.
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NewsThe Fidelis Partnership launches new Pine Walk MGA, Seraphina
Pine Walk Capital has now established ten MGAs, the latest focused on international property to support the Fidelis Partnership’s BRICS+ strategy to broaden the geographical footprint of the business.
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NewsStrikes at US East Coast ports could generate a $63bn hit – Russell Group
Economic losses could be severe from industrial action threatened in October at 36 American ports, from New York to Houston.
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NewsRepresenting the insurance side of the City – Bronek Masojada RVS 2024 interview
Former Hiscox CEO Bronek Masojada was a new Sheriff in town, representing the City of London, at RVS 2024 in Monte Carlo, where he caught up with GR’s David Benyon.
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NewsFirst ever insurance payout of Red Cross disaster fund triggered in 2024
Demands for disaster relief this year surpassed the ‘deductible’ threshold of the Red Cross and Red Crescent’s IFRC-DREF’ disaster fund, the NGO has reported.
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NewsDive In turns 10: Festival launches with over 130 events globally
Celebrating ten years of Dive In, 2024’s festival launches with over 130 free virtual and hybrid global events.
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NewsHowden Re highlights improved Central European flood resilience
Significant investment by a number of Central European countries on flood defence measures since 2002 had a major impact in ameliorating the consequences of recent floods, the reinsurance broker said.
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NewsPreventative measures will reduce Central European flood cost – Moody’s
Central Europe floods follow events in 2013, 2002, 1997 and 1954, all of which were associated with the ‘Vb’ weather pattern.
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NewsRance to lead Miller’s reinsurance broking strategy and innovation
Steven Rance and Charlotte Lowe join Miller’s reinsurance team, the intermediary said.
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NewsA new baseline for reinsurance has been reached - Everest Re
In the current environment, global risk-adjusted returns are expected to remain favorable at 1/1 and throughout 2025, says Jill Beggs, Everest Reinsurance executive vice president and chief operating officer.
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NewsAon appoints Barnes as its new claims chief
Mona Barnes previously worked at Chubb and Swiss Re; as chief claims officer at Aon she will report into Joe Peiser, the broker’s commercial risk CEO.
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NewsAmphitrite gets Lloyd’s coverholder approval
Specialist marine MGA wins final approval from the Lloyd’s market, unlocking its “enhanced access to capital”.
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NewsCaponigro appointed as AXA XL’s head of reinsurance capital management
Third party capital and insurance linked securities (ILS) hire at the re/insurer joins from AXIS Capital and previously worked at Platinum Underwriters and Everest Re.
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NewsAllianz Commercial appoints Lillelund CEO
Former CEO of Aspen Re joins AGCS from AIG where he was its regional chief exec for EMEA.
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NewsBMS makes two senior leadership hires in London and Miami
BMS Re appoints new Latin American and Caribbean CEO, and BMS Group appoints “market veteran” chief broking officer
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NewsILS pipeline from NGO cat bonds and even casualty 'baby steps' – Aon Securies’ Schultz
A lack of Atlantic Hurricane storm activity, with no major US hurricanes making landfall to trouble re/insurance markets since Hurricane Beryl, which made landfall in Southeast Texas on July 8.
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NewsRussell Group unveils connected risk business resilience policy
‘We believe this is the future of global corporate (re)insurance,’ says managing director.
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NewsCoalition Re launched as capacity deal announced
‘We equip carriers with deeper insights into the cyber risk in their books,’ says head
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NewsEvent loss sizing as the flood waters rise – Q&A with ICEYE
As climate change and shifts in land use drive an increase in flood events, Rupert Bidwell, ICEYE’s vice president, insurance solutions, explains how satellite data can help insurers size the impact of the event, manage capital and set reserves much more quickly and effectively.
