All News articles – Page 39
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Consilium launches facultative reinsurance offering
Simon Richardson has been appointed managing partner of the division and joins from Besso Re
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Aspen Capital Markets names Chris Less COO
He joins from Hiscox Re & ILS, where he was most recently in the role of COO
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1/1 renewals put ‘stress’ on long-term relationships
There was an evident mismatch in demand and supply for property reinsurance as global capital fell by 17 percent - Aon
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Generali GC&C names Christian Kanu CEO
He replaces Manlio Lostuzzi, who was appointed as regional officer of the Central Eastern Europe region
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Zoomers and Millennials to play increasing role in market plans
Putting younger professionals at the centre of the London insurance market’s modernisation is LIIBA’s focus for 2023
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Over $24 billion premium renewed via Supercede platform
Co-founder predicts 2023 will be an important year for ’reinsurtech’ as customers report 85% operational savings
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Hannover Re, Stone Ridge in ground-breaking cyber risk transfer
The asset manager intends to “meaningfully grow” its cyber exposure after $100m quota share cession
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LSM names Mel O’Neill as London CUO
In her new role, she will report to LSM chief underwriting officer Rachel Conran
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Arcadian Risk Capital and Aviva in multi-year property binder
The target portfolio will be worldwide industrial and commercial property, mostly written on an excess-of-loss basis
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California floods highlight need for “robust private market” - AM Best
Many homes covered by the NFIP would benefit from an excess policy above the NFIP coverage limit
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Aviation start-up Itasca Re launches in Bermuda
Launched by Castlelake, Itasca Re will be led by aviation industry veteran Kostya Zolotusky
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Consilium names Paul Richards Co-CEO
He will lead the business as Co-CEO alongside James Baird who was appointed CEO in November
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Swiss Re appoints Velina Peneva as Group CIO
She will succeed Guido Fürer following his retirement after 25 years at Swiss Re
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MS Amlin APAC renews Phoenix Re sidecar
Secures $45m of additional collateralised capacity after investors show support for ’diversifying region and perils’
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Convex promotes Brian Bissett to group CFO
As part of a planned transition of roles Benji Meuli will be stepping aside to become chief investment officer
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Cyber war exclusions top industry’s list of concerns for 2023
Climate change and ESG responsibilities will also shape the direction of travel this year, predicts RPC
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Reinsurers’ underwriting margins to expand in 2023
Fitch believes some property catastrophe risks could become uninsurable as industry capital shrinks by 15%
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Shirel Stedman joins board of Flood Re
It is a ‘critical time’ for flood risk with climate change on the rise and Flood Re due to exit the market in just 16 years
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CyberCube model used to structure first cyber cat bond
The insurance market will see greater partnerships with ILS fund managers in 2023, research suggests
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Federico Casini to head up Howden Italy
He joins as chief executive from Aon SpA, where he was executive chairman