All News articles – Page 39
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NewsZurich, Allianz both report double-digit Q1 growth in P&C revenues
Top line property and casualty growth at both groups was driven by commercial insurance pricing rises: North America powered Zurich’s revenues; and Allianz singled out Germany and Turkey as sources of growth.
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NewsHowden centralises management with restructure
The re/insurance broking and MGA group announced changes to its leadership structure.
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NewsGallagher Re appoints Kerton new UK CEO
The reinsurance broker has announced Ian Kerton will replace Tom Wakefield, who stepped up to the global CEO role.
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NewsS&P expects new criteria to affect 10% of re/insurance ratings
The credit ratings agency has published a revised version of its proposed methodology.
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NewsResults comparison: solid Swiss Re result just short of Munich’s combined ratio
Swiss Re’s P&C combined ratio was 97.2% for the first quarter, slightly less profitable than the 86.5% posted by German rival Munich Re; both reinsurers had higher than anticipated cat losses, driven by Turkey’s earthquakes.
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NewsHannover Re Q1 profit on track to meet 2023 target
Third largest reinsurer announces quarterly profit of €484m and a combined ratio of 92.3% on its property and casualty business.
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NewsReinsurers back Galápagos marine conservation credit deal
Axa XL, Fidelis MGU, Chubb Global Markets, Sovereign Risk Insurance, Mosaic, Coface and others are providing reinsurance coverage.
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NewsWinther appointed chair of Apollo Syndicate Management
New chair of ASML brings an investment banking background at Evercore and non-exec board experience at Hiscox Syndicates and Ecclesiastical.
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NewsTokio Marine restructures London market teams
London market marine, energy and renewables reshuffle at Tokio Marine HCC International.
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NewsAon launches climate analytics, advisory unit
Aon’s new Climate Risk Advisory team will use the broker’s Impact Forecasting models to provide physical risk diagnostics and advisory services on climate-related financial risks.
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NewsBMS Re promotes Wheeler to president
Reinsurance broker BMS Re said Andrew Wheeler assumes the role immediately.
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NewsGallagher Re heralds new era of insurtech investment
Tech investment across insurance bounced back from last year’s final quarter to hit $1.39bn in this year’s first three months, according to reinsurance broker Gallagher Re.
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NewsAon appoints Marcell CEO of risk capital amid internal reorganisation
Andy Marcell will lead Aon’s commercial risk and reinsurance broking business, part of a restructure for its “Aon United” strategy.
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NewsMunich Re Specialty Group targeting ‘the E in ESG’
Green Solutions launched in a bid to take a leading position in the London market’s sustainability ambitions.
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NewsBMS buys Australian MGA GARD
Australian acquisition billed as a diversifier to BMS Group’s international operations.
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NewsPool Re’s Clementi welcomes Martyn’s Law legislation
New terrorism legislation coming before the UK Parliament aims to improve protective and organisational preparedness at a variety of premises.
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NewsEnergy pricing, transition pushing back climate focus – Beazley
Current fears about energy prices and the need to transition may be blinding insureds to the existential threat that climate change poses, London market specialty insurer Beazley warns.
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NewsContinued pressure expected on UK personal lines - Moody’s
Lingering effects of low pricing and underestimated claims inflation last year will continue to affect UK retail insurers, according to rating agency Moody’s.
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NewsEnergy storage market has invisible cyber risks – Aon
The broker warned that a lack of robust cyber-security for critical operational technologies may be a weakness for battery storage risks being underwritten.
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NewsBanking contagion risk limited for European insurers – Moody’s
Rating agency Moody’s sees little immediate threat to European insurers from recent banking turmoil.
