All News articles – Page 8
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NewsLondon market has ‘superpower’ to meet client needs against growing risks – Neal
‘We have a riskier world with the impact of Covid, war on land and the climate,’ says chief executive of Lloyd’s John Neal, speaking at an S&P event in London.
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NewsOAK Re gains Lloyd’s underwriting approval
Syndicate 2843 launches with blue chip capital providers including Bain Capital and Hampden Agencies, the largest provider of private capital to Lloyd’s.
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NewsHamilton moves into credit, bond and political risk reinsurance with Lottimore hire
Lottimore joins Hamilton in Bermuda from Validus Re where he was vice president, credit lines underwriter for three years.
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NewsArch names Ouwehand as new head of terrorism, political violence and war
Jelle Ouwehand promoted to lead London-based team after several years as a senior underwriter and before that as a broker at Marsh.
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NewsRapid growth of MGAs continues to lead the sector – AM Best
Rating agency maintains is positive view on delegated underwriting authority enterprises segment, as well as for the global reinsurance business.
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NewsHowden: cyber-attacks cost UK businesses £44bn in the last five years
The (re)insurance broker has estimated firms can reduce the cost of cyber-attack by up to 75% (£30bn) by implementing simple cyber security basics more widely.
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NewsResilience fears lead WTW client study
Some 80% of risk leaders concerned about their organisations’ emerging-risk resilience in the next decade, according to a new WTW survey.
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NewsOptio completes Den Hartigh acquisition
Dutch tech-enabled MGA provides P&C products, primarily land-based equipment, marine and high net worth, distributed via brokers through its proprietary distribution platform.
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NewsZywave: How AI is changing the insurance industry’s reputation
Artificial Intelligence has the potential to benefit both insurance professionals and consumers, says Doug Marquis, chief technology officer at Zywave.
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NewsCoalition: Addressing the information breakdown in the cyber reinsurance market
In the evolving age of digital risk, cyber insurance has emerged as a preferred method for businesses to protect themselves, writes Shawn Ram, head of insurance at Coalition.
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NewsBMS Specialty rehires Phillips as African practice leader
The specialty broking arm of BMS makes a return hire, who rejoins from Afro Asian Insurance Services, where he was group CEO.
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NewsSaudi Re highlights impact of local market reinsurance premium cession
The Saudi regulator’s regime for local market reinsurance premium cession takes effect from 1 January 2025, affecting at least 30% of all reinsurance treaties and facultative risks, Saudi Re noted in remarks published on the country’s stock exchange website.
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NewsMontreal Port strike to cost $55m a day, says Russell
The Montreal Port strike is expected to cost the Canadian economy an estimated $55m per day, according to analysis by data and analytics firm Russell Group.
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NewsEight tips to avoid a data migration migraine – Xceedance
In an era where data is pivotal, effective data migration is critical for insurance companies aiming to stay competitive. Jarno Seegers, vice president, business development at Xceedance, looks at the intricacies of data migration and offers eight top tips to deliver migration projects.
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NewsHowden builds Hong Kong presence with Storfield acquisition
Re/insurance broking group buys an Asia Pacific specialist in small-to-medium sized enterprises and high-net-worth clients.
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NewsEnvelop Underwriting launches with Dom Peters as CEO
New entity to encompass all existing underwriting activities, including Envelop Risk Bermuda and Envelop at Lloyd’s, including its special purpose arrangement, Envelop Risk SPA 1925.
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NewsOasis publishes exposure management C-suite guidance
“Navigating the Storm - The C-Suite Guide to Mastering Exposure Management”, from the the open source cat modelling platform, aims to provide best practices for resilience, compliance, and profitability in an unpredictable global environment.
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NewsHannover Re CEO Henchoz to step down in 2025; CFO Jungsthöfel to take top job
Clemens Jungsthöfel will take over the group chief executive role at Hannover Re from 1 April 2025.
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News‘Rosy picture’ belies the challenges carriers face, Convex’s Brand warns
Speaking at an AM Best event in London, Convex’s CEO gave a (re)insurance carrier’s perspective to challenges, from claims activity, operating expenses and market cyclicality, to the balance of power between brokers and carriers.
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NewsSwiss Re strengthens US liability reserves by $2.4bn
The reinsurer made its “ad hoc announcement”, saying it would miss its combined ratio target for the year as a result, with third quarter net income of $0.1bn.
