All News articles – Page 34
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NewsGuy Carpenter appoints Enoizi as CEO of Europe
The former Pool Re CEO takes up his new position at Guy Carpenter, the reinsurance broking arm of Marsh McLennan, effective immediately.
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NewsConvex promotes new Bermuda CEO and group deputy CUO
Paul Simons will become Bermuda CEO and Christophe Chandler will become group deputy chief underwriting officer reinsurance.
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NewsAtkin takes over from Card as Carbon chairman
After five years at the helm of Carbon Underwriting, Stephen Card has passed the chairman role to Rupert Atkin, former CEO of Talbot Underwriting.
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NewsIdalia: Moody’s RMS provides $3.5bn insured loss estimate; versus $2.5-4bn Verisk figure
The first major hurricane landfall in Florida’s Big Bend since records began in 1842, Idalia could have been much worse had it taken a different track or not weakened before landfall.
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NewsPilko appointed as AXA XL’s Americas insurance CEO
Lucy Pilko has been appointed AXA XL’s chief executive for the Americas insurance operations, effective 30 October, joining from Boston Consulting Group.
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NewsIdalia impact limited by low population area landfall - Moody’s RMS
Florida’s Big-Bend coastal area is sparsely populated, reducing the impact of Hurricane Idalia, while inland losses are expected to be less than last year’s Hurricane Ian.
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NewsUS law enforcement liability market: Amwins emphasises tech, collaboration
Collaboration and emerging tech offer hope for risk management in the US law enforcement liability market, writes Brian Frost, public entity liability practice leader, Amwins Brokerage.
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NewsBeazley: A line in the sand
Beazley’s Patrick Hartigan writes on the increased frequency of extreme weather and the need for adequate pricing for the many climate change linked secondary perils hitting re/insurance markets.
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NewsMIS: Modelled Data vs Observed Intelligence
In a major paradigm shift, modelled data is being sidelined for tangible information sourced from observed intelligence. McKenzie Intelligence Services’ chief product officer Rosina Smith describes how we’re bridging the gap between prediction and knowledge.
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NewsFidelis MGU makes several exec, senior changes
Richard Coulson has been promoted to deputy group CUO, remaining in his secondary role as CEO of insurance.
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News2022 fourth-costliest year on record for cat losses – S&P
A new report on catastrophe risk appetite among global reinsurers has found last year to be the fourth-costliest on record for annual global insured catastrophe losses.
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NewsHowden Tiger provides optimistic interim market snapshot
Reinsurance broker Howden Tiger provided analysis jointly authored by Michelle To, head of business intelligence, and David Flandro, head of industry analysis and strategic advisory.
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NewsUnrealised investment losses not a ‘material risk’ to leading reinsurers – S&P
A new report from S&P Global Ratings says that the current unrealised losses on most fixed-income securities for the world’s twenty leading reinsurers is not a material risk.
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NewsSupercede discusses the avoidable tax on poor quality reinsurance data
The digital revolution has reshaped countless industries, so why is reinsurance seriously lagging behind? Especially when the ability to harness and effectively manage data is becoming the critical determinant of success in our unique marketplace.
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NewsHawaii wildfires: Moody’s RMS estimates insured property loss of $2.5-4bn
Most losses are expected to be from the town of Lahaina, which sustained catastrophic urban fires for 12 hours and destroyed almost 2,200 structures. Around 75% of the economic loss is expected to be insured, the cat modeller thinks.
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NewsAM Best’s ranks top 50 reinsurers: Munich Re, Swiss Re make up a quarter of GPW
Munich Re was ranked top, across non-life and life business, followed by Swiss Re, Hannover Re, Canada Life Re and Berkshire Hathaway.
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NewsBrazilian broker Latin Re gets Lloyd’s broking licence
Founded in 2019, Latin Re becomes the first Brazilian brokerage to secure a Lloyd’s licence.
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NewsKCC estimates Hawaii property losses at $3.2bn
Karen Clark & Company (KCC) has estimated the property insurance losses arising from the wildfires in Maui to be around $3.2bn.
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NewsMaui wildfires to surpass $1bn insured loss estimate – Moody’s
The devastating Maui wildfire is likely ranked among the most costly insured catastrophes in Hawaii’s history.
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NewsVesttoo seeks ‘breathing space’ with Chapter 11 bankruptcy filing
Insurtech firm Vesttoo has filed for Chapter 11 bankruptcy within Delaware, according to multiple reports.
