All News articles – Page 18
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NewsGlobal risks and perceptions intertwined – Interview with Zurich’s head of sustainability risk
Global tensions are rising, but risk perceptions are in the eye of the beholder. Zurich’s John Scott discussed the big picture with Global Reinsurance.
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NewsFourth Industrial Revolution progress report – Xceedance
The Fourth Industrial Revolution has been advancing more slowly than expected, but generative AI is accelerating change, says Justin Davies, head of region, EMEA, Xceedance.
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NewsMSIG UK appoints Roden interim CEO
New temporary CEO was previously director of strategy and transformation at sister company MS Amlin.
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NewsAxio announces Lloyd’s investment
Insurtech graduate of the Lloyd’s Lab focused on quantifying cyber risk for critical infrastructure.
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NewsMoody’s report emphasises non-peak peril claims in 2023
Secondary perils accounted for more than half of global insured natural catastrophe losses on average over the past six years, according to rating agency Moody’s.
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NewsHannover Re confirms 2024 guidance after “satisfactory” 1/1
The German insurer reiterated it expects reinsurance revenue to grow more than 5% this year, after further improvements in terms and conditions and sustained attractive prices at renewals.
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NewsInterview with GAIF’s Chakib Abouzaid: Is the Gulf region an awakening insurance giant?
It’s one thing to lead an insurance federation during a period of small, incremental change. But the role is different when the regional industry is undergoing a broad and deepening transformation.
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NewsChandler steps down as BMS Re CEO
Two interim co-CEOs have been appointed by the reinsurance broker, while Pete Chandler becomes vice-chair.
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NewsBullish Lloyd’s expects to be in the top quartile – Tiernan
Four pillars of the Lloyd’s 2024 cyber strategy, a nat cat portfolio shift, and a “quiet revolution” in the market, were outlined by the Lloyd’s chief of markets, speaking at a Fitch Ratings event.
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NewsBrace Underwriting launches Brace USA
Beat capital backed Brace is launching in the US with Glenn Dorr as president and marketing head for North America.
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News$100bn is the new normal for annual nat cat losses – WTW
2023 revealed the scale of the protection gap, but was still a $100bn+ nat cat year, the broker said.
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NewsHowden, SCOR launch carbon capture and storage insurance facility at Lloyd’s
The first-of-its-kind facility has SCOR as lead underwriter and other following markets at Lloyd’s have committed to support the facility, with further capacity anticipated, according to Howden.
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NewsWhere does the market go from here? – interview with Howden Tiger’s David Flandro
David Flandro, head of industry analysis and strategic advisory, Howden Tiger, spoke to GR about the reinsurance broker’s view of where the market is heading after its most recent 1/1 renewal.
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News2023 was a record year for billion-dollar cats and the protection gap got worse – Aon
The protection gap deteriorated to 69% last year, from 58% in 2022, with insurance covering the cost of $118bn of $380bn in economic losses.
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NewsMS Amlin completes world-first Singapore ILS renewal
With Phoenix 2 Re’s renewal, the Japanese-owned Lloyd’s re/insurer “confirms its commitment to Asia’s expanding ILS market”.
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NewsMoody’s expects “firm” April and July renewals
1/1 reinsurance renewals showed moderate price increases across most lines due to balanced supply and demand, according to ratings firm Moody’s.
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NewsFitch upbeat on Bermuda reinsurance market in 2024
Bermuda reinsurers’ “returns peaking”, to remain favourable in 2024, the rating agency said.
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NewsEnvelop, Apollo launch cyber reinsurance Lloyd’s SPA
Dedicated cyber reinsurance Special Purpose Arrangement in partnership with Apollo Lloyd’s Syndicate 1971 launched on January 1 with Chris Baddeley as active underwriter.
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NewsWTW’s Creighton promoted to lead GB trade credit, trade finance
Michael Creighton joined the insurance broker in 2019 from his former role as head of export credit finance at Nedbank.
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NewsRising political risk for emerging market manufacturing hubs - Verisk Maplecroft
Heightened political risks are overshadowing a ‘friendshoring’ shift, according to report data from Verisk Maplecroft.
