All News articles – Page 19
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NewsIndia’s insurance sector to lead G20 growth, says Swiss Re Institute
Swiss Re forecasts 7.1% growth for the Indian insurance industry between 2024 and 2028, well above advanced or emerging market averages.
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NewsAspen appoints Stanford interim UK CEO
Active underwriter from Aspen’s Lloyd’s Syndicate 4711 assumes the UK CEO role on a temporary basis.
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NewsAlta Signa launches European marine division
Brussels-based MGA Alta Signa appoints Francesco Dubbioso, in Genoa, to lead its new marine unit.
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NewsCyber leads Allianz Risk Barometer in 2024
Data breaches, attacks on critical infrastructure or physical assets and increased ransomware attacks drive cyber concerns, in the German insurer’s annual paper on the global risk landscape.
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NewsSwiss Re, Gallagher Re launch cyber retro ILW in market first
The industry loss warranty follows the successful launch of “PoleStar Re” underwritten-rule 144A cyber catastrophe bond in December.
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NewsHDI Global announces new Singapore head
Alex Tarantino, who currently leads Asia Pac cyber and liability for HDI, will replace Graham Silton as the German insurer’s managing director for its Singapore branch, when Silton retires.
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NewsMisinformation and disinformation threats lead “gloomy” World Economic Forum risk report
The viral spread of fake news and manipulation of the truth online were ranked first, followed by extreme weather events, society’s polarisation, cyber insecurity, and interstate conflict on the roster of short-term risks, according to the WEF’s Global Risk Report 2024.
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NewsMeyenhofer appointed CEO of PartnerRe in leadership reshuffle
The Bermudian reinsurer announced the retirement of Jacques Bonneau and several appointments to its senior leadership team.
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NewsTrueman joins as CFC’s CUO
Former cyber head at Axis, Dan Trueman joins CFC as chief underwriter after the London market MGA announced management changes after a Lloyd’s investigation into undisclosed allegations of non-financial misconduct.
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NewsAon names Kielty UK CEO
Jane Kielty has more than 20 years’ experience in risk and insurance, spanning the broker’s commercial risk and retail capabilities.
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NewsGuy Carpenter’s RoL index for property cat up by 5.4% globally at 1/1
At the 1/1 reinsurance renewals, Guy Carpenter’s global rate-on-line index increased by an estimated 5.4% year-on-year.
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NewsInsurance Development Forum provides Disaster Risk Reduction Task Force update
The task force has three areas of focus, according to the public-private partnership between the insurance industry and the UN, World Bank and other NGOs.
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NewsBeazley sponsors first London Bridge cat bond at Lloyd’s
The Aon-brokered 144A excess of loss cat bond provides $100m of multi-year protection for named storm and earthquake events affecting the US, Canada and Caribbean.
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NewsTechnology is driving market change – Swiss Re Solutions’ Higginbotham
AI isn’t putting commercial and specialty lines underwriters out of a job anytime soon, but technology can reduce the protection gap, expanding the re/insurance market into fresh pastures, Russell Higginbotham, CEO of reinsurance solutions, Swiss Re suggests.
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NewsSmooth 1/1 helped by reinsurer profits, higher pricing across retro and primary markets
Global reinsurance capital surpassed $635bn at the nine-month point of 2023, according to Aon.
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NewsOptio expands MENA operation with senior Dubai appointment
New hire joins from Ardonagh Specialty as managing director of broking and general lines for Optio Re MENA in Dubai.
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NewsMS Amlin launches financial lines for Middle East
Lloyd’s market re/insurer announces new business class for MENA region amid growth in M&A and IPO activity.
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News1/1 renewal stable, showing stronger supply dynamics – Howden
Reinsurance renewals in January 2024 saw a market adjusting to a period of extraordinary cyclical and structural change, according to Howden’s briefing.
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NewsMiller appoints Spells as its new London property fac broking leader
Ollie Spells joins the broker in January from Guy Carpenter to lead property facultative reinsurance in London.
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NewsSmoother 1/1 with motivated market and more capital – Guy Carpenter
Renewals characterised by ample capacity and a commercial approach to trading partnerships, albeit with continued underwriting scrutiny for casualty, cyber and SRCC, according to the broker.
