All News articles – Page 27
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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.
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NewsGulf Insurance Group says “business as usual” after shareholder change
Fairfax completes acquisition of KIPCO’s stake in the Middle East and North African insurer, giving it 90% ownership of the Kuwait City-based insurer.
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NewsEnstar exits Atrium in $182.3m deal to buy remainder of StarStone
Legacy specialist re/insurer Enstar has inked a deal to acquire the remaining 41% of StarStone Specialty.
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NewsAnalysis of Aon’s $13.4bn acquisition of NFP
NFP’s purchase by Aon represents the largest deal ever announced in the global insurance broking sector.
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NewsRyan Specialty strikes deal to buy Castel from Arch
US re/insurance broker and MGA Ryan Specialty has signed an agreement to acquire Castel Underwriting Agencies in a deal expected to close in the first half of 2024.
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News“Business as usual” for Ebix Europe despite Ebix Inc’s US Chapter 11 bankruptcy
The London market arm is unaffected by the US firm’s bankruptcy proceedings filed in Texas, with the launch of PlacingHub still set for January 2024.
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NewsNormanMax gets Lloyd’s ‘in principle’ approval for parametric Syndicate 3939 with Apollo
US parametric re/insurer gains the initial nod from the Lloyd’s Council to launch a new syndicate, focused on climate change-affected cat business.
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NewsQBE Re makes two senior portfolio management hires
Guarnori and Ahluwalia join from rival reinsurer Swiss Re and QBE’s actuarial team, respectively.
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NewsLloyd’s agrees deal with Ping An to stay on One Lime Steet to 2035
The iconic Lloyd’s building will continue to play host to the subscription re/insurance market for at least another decade, after a deal with its Chinese owner.
