All News articles – Page 18
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News‘Lessons to be learned’ from Dubai April rainfall – IGI’s Labat
The heavy rain that hit Dubai in April 2024 were a major talking point in one-to-one meetings at this year’s DWIC.
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NewsKus named as head of Aon’s global broking centre
Tracy-Lee Kus served most recently as Aon’s Asia Pacific head of commercial risk.
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NewsK2 International launches K2 Rubicon Specialty
New division of the London market MGA platform focused on US property, marine and other lines.
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NewsArch names Tous as European director of strategy and distribution
Roberto Tous joins from Zurich Insurance, where he was a regional head of general liability, cyber and financial lines business.
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NewsDinos Iordanou, former CEO of Arch, passes away
Cyprus-born Constantine “Dinos” Iordanou, chairman of Vantage and former CEO of Arch, died on Sunday.
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NewsHowden announces new ‘head of London broking’ role
Paul Hipson will have overall responsibility for the existing London Broking team.
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NewsMoody’s RMS puts €2-3bn insured loss estimate on German floods
Southern Germany is expected to constitute most of this event’s loss, the cat modeler said.
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NewsSwiss Re Sonar report: ‘Beyond broken infrastructure’
A new paper from Swiss Re explores cascading effects of natural disasters and other emerging risks.
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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.
