All News articles – Page 53
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NewsChris Killourhy to take the helm at QBE Re
He replaces interim MD Peter Wilkins, who took over following Steve Postlewhite’s departure earlier this year
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NewsBeazley’s Syndicate 5623 gets ‘in principle’ approval
The Beazley Smart Tracker participates on London market broker facilities, line slips and consortia business using a ‘follow’ model
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NewsOcean Re expands into Europe with Oceva Risk acquisition
Ocean Re is also looking to acquire or launch an insurance/reinsurance business in Europe and the UK
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NewsMunich Re retains position as world’s largest reinsurer
Together, Munich Re and Swiss Re accounted for 24.3% of reinsurance gross premiums written in 2021 - AM Best
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NewsBrickell backs calls to remove R&Q chairman
Former suitor says it has ”lost confidence” in R&Q’s as shareholder Phoenix insists Ken Randall should replace William Spiegel
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NewsWTW appoints Conway to head Ecosystem Resilience practice
She was Lead Climate Finance Negotiator for the US delegation to the UN Framework Convention on Climate Change
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NewsShift away from cat risks creating more “stable” market
A number of re-alignment initiatives have been taking place for at least the last three years, notes AM Best
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NewsArgo reveals $22.5m net loss for H1
With a combined ratio of 95.6%, the group benefited from more favourable pricing and its exit from catastrophe lines
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NewsArgo appoints GuideOne’s Snyder president, US insurance
With a track record of restructuring and transformation, she will report to Tom Bradley, Argo’s executive chairman and CEO
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NewsUkraine: A ‘Matrix moment’ for climate change
The choices governments make in response to the Ukraine conflict might either accelerate or delay the global transition to net-zero emissions
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NewsAon taps University of California to enhance wildfire model
Recent events in North America have changed the perception of wildfire as a secondary peril
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NewsPartnerRe-Covea bucks the trend as M&A wanes
Fitch expects reinsurers to prioritise pricing, risk management and organic growth
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NewsMitsui Sumitomo confirms Transverse buyout
The acquisition increases MSI’s US presence and offers access to specialist MGA, wholesale and other broker-led distribution channels
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NewsMunich Re reveals €130m of drought losses in Q2
The reinsurer generated a profit of €1.4 billion in the first six months of the year driven by strong organic growth in property-casualty reinsurance.
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NewsGallagher buys crisis and risk management consultancy
AnotherDay provides crisis expertise across political risk/political violence, D&O and criminality, and cyber
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NewsCyber rate rises of 300% ‘not uncommon’ - Miller
Despite ‘no material change in exposure’, insurers are upping premiums by 100% on average and reducing capacity
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NewsAxa braces for Ukraine-Russia claims
Some of the insurer’s crisis management policies have been ‘triggered’, reveals group chief financial officer
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NewsHannover Re reports combined ratio of 99% in H1
The reinsurer is maintaining its profit guidance after generating group net income of €649 million in the first six months
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NewsSiriusPoint reports net loss of $278m in H1
Interim CEO Malloy says the firm is continuing to ”prioritise the improvement of its Reinsurance underwriting results”
