All News articles – Page 63
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AIG names Tom Bolt chief risk officer
Bolt replaces Sabra Purtill and was most recently chief underwriting officer, General Insurance
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Climate protesters block Lloyd’s entrance
Extinction Rebellion has blocked access to the market as it calls on re/insurers to stop insuring fossil fuel projects
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Ukraine drives Q1 losses up to $30 billion - Guy Carp
An active natural catastrophe period combined with the Russia-Ukraine conflict are driving claims severity
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Inigo issues first catastrophe bond
Montoya Re is a $115m transaction covering earthquake and windstorm risk in the US, Canada and Japan
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Aon Names Ferreira as LatAm Reinsurance CEO
Pablo Muñoz becomes Reinsurance Solutions LatAm chair and strategic growth leader of Global Facultative Reinsurance
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Ukraine crisis adds to inflation risk for insurers
Persistently high inflation will increase P&C insurers’ claims, eroding their earnings - Moody’s
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Swiss Re targets ROE of 14% for 2024
The Group has completed its turnaround of Corporate Solutions and improved P&C margins - CEO Mumenthaler
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World’s first crypto reinsurer launches
Relm II can accept both fiat and crypto as collateral and is domiciled in Bermuda
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RenRe launches casualty/specialty sidecar
Institutional investors also backed joint venture Fontana, which has launched with $475m of capital
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SIRC 2022 will be an in-person event
The reinsurance conference is returning on 31 October to 3 November at Singapore’s Sands Expo & Convention Centre
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Russia sanctions create fallout for trade credit insurers
Businesses seeking trade credit insurance may find cover unavailable as insurers react to ongoing sanctions
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O’Donnell is named chair of ClimateWise
Kevin O’Donnell, president and CEO of RenaissanceRe, will head up the industry climate action body
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Guy Carpenter appoints Enoizi as Public Sector head
The former Pool Re boss will lead Guy Carpenter’s Public Sector practice in a newly-created role
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Reinsurance Pool legislation passes in Australia
The risk pool for cyclone and cyclone-related flood will launch in just three months
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Orderly renewal at 1 April - Gallagher Re
Capacity largely sufficient in most classes as inflation becomes a key topic
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Reinsurance sector retains stable outlook - AM Best
Hardening trend is expected to continue in 2022 after major cat losses in 2021
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Swiss Re: Natural catastrophes in 2021: the floodgates are open
In 2021, there were more than 50 severe flood events around the world, resulting in combined economic losses of more than USD 80 billion.
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Lloyd’s boss John Neal hospitalised after cycle accident
The executive team will lead Lloyd’s while Neal recovers