All News articles – Page 24
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NewsMoody’s global cyber survey finds 50% rise in cyber insurance premiums
Buyer budgets are on the rise while C-suite visibility of cyber risk has also markedly increased, Moody’s Investors Service found.
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NewsChina is post peak but a Taiwan war would be “uniquely crazy” - Lord Patten speech
Spooks might rate the risk of conflict at 50:50, but Hong Kong’s last British governor used an insurance example to illustrate why Beijing is unlikely to launch a war with Taiwan.
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NewsCorporate demand “rocketing” – Argenta Private Capital
Brokers building their infrastructure, US regional insurers seeking global capital, and London Bridge 2 at Lloyd’s are sources of London market investment interest, according to Argenta Private Capital.
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NewsApplying lessons learnt from other classes to marine - Russell Group’s Basi
Marine hull and cargo could benefit from detailed analysis of relevant events that have befallen other lines of business, writes Suki Basi, Russell Group’s founder and CEO, following IUMI 2023.
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NewsUS property rates are justified and need to stay up – Everest’s Beggs
Higher catastrophe losses are a new normal, and the market turn is an overdue pricing adjustment, argues Everest’s Jill Beggs.
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NewsInsurers should brace for more civil unrest, warns new predictive SRCC model
Political violence risks have worsened globally since 2021, and 85% of US cities face high SRCC risks in next 12 months, writes Torbjorn Soltvedt, principal analyst at risk intelligence company Verisk Maplecroft.
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NewsBMS appoints Clarke chairman, announces completion of Eurazeo PE investment
The independent specialty and reinsurance broker has brought on board its new chairman and French private equity investment.
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NewsDIFC on track for 20% re/insurance client growth
Gross written premiums in the first half of 2023 increased up 18% on the year before, reaching $1.2bn, with DIFC’s re/insurance client growth led by new MGA licences.
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NewsMiller, CWD partner to offer Black Sea marine war risk coverage
The shipping situation in the Black Sea has led Miller and Clearwater Dynamics to partner with Ukrainian authorities to offer marine war risk coverage.
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NewsAon launches FI Protect 360
A London market collaboration to “blend” traditional financial and cyber risks, Aon’s FI Protect 360 has access to $100m capacity per client.
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NewsRonda appointed Howden Tiger CEO
Ronda joined TigerRisk Partners in October 2021 from Aon where he was latterly global geographic leader of Reinsurance Solutions.
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NewsArch Insurance appoints new MD in Bermuda
Matthew Smith is an internal appointment to managing director for the insurer, after the retirement of Tony Hay.
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NewsAon names Nichols as Bermuda client leader
Jake Nichols joins from Aeolus Capital Management to be Aon’s global reinsurance clients leader in Bermuda.
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NewsAM Best publishes reports on MENA and Sub-Saharan African reinsurers
The rating agency reports that reinsurers across MENA and Sub-Saharan Africa report topline growth, despite persistent or heightened economic challenges.
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NewsFraccalvieri named as EMEA fac leader for Aon Reinsurance Solutions
Nicola Fraccalvierii re-joins from rival reinsurance broker Guy Carpenter, where he led fac across continental European plus London for casualty, specialty and financial lines.
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NewsCharting Lockton Re’s journey into full spectrum broker
Keith Harrison, Lockton Re’s international CEO, joined the reinsurance broker from rival JLT Re in 2019. Fast-forward a few years and Lockton Re has organically grown into a different animal.
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NewsEmpowering Insurance Agility: Technology’s Crucial Role in Advanced Exposure Management
In the intricate tapestry of re/insurance, where uncertainty and opportunity entwine, effective exposure management emerges as the compass guiding insurers through a dynamic, ever-evolving market, writes Ebix Europe sales director James Pring.
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NewsWar risk and cyber restrictions weigh on cargo renewals – IUMI panel
Cargo reinsurance underwriters are adding fresh restrictions, particularly relating to cyber and war risks, but what’s covered and what’s not under new wordings is a cause of confusion for brokers and clients, according to a reinsurance panel at IUMI 2023.
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NewsAon’s Schultz on a record year for cat bonds, cyber ILS outlook, and ‘Bermuda-esque’ London Bridge 2
Bouncing back from a tough end to last year, 2023 will be a record year for the catastrophe bond market, according to Aon Securities CEO, Paul Schultz.
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NewsTalanx launches rights issue in search of €300m capital
The German insurer said the goal of its capital raising exercise was to enhance the trading liquidity of its shares and strengthening its position in equity indices.
