All News articles – Page 9
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BMS Re hires Nelson as US CFO
Reinsurance broker’s new US chief financial officer was previously an Aon UK board director.
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Peak Re appoints Menezes CRO
Hong-Kong-based reinsurer promotes new chief risk officer to the role.
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Kita, TMK partner to provide political risk cover for carbon credit projects
Lloyd’s coverholder Kita has secured re/insurer Tokio Marine Kiln as lead capacity provider for the launch of a political risk product aimed at high-growth carbon markets.
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Chedid Re adds Vandendael as non-exec to board
The Middle Eastern reinsurance broker has appointed the former chief commercial officer of Lloyd’s as an independent non-executive director of Chedid Re Global Operations’ board.
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International order ‘in decline’ – WTW political risk report
A political risk insurance report from the broker highlights the decline of consensus on the liberal international order, summarising it as at best, ‘lukewarm’.
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Saudi Re completes sale of Its Probitas stake for £123m
Riyadh-based reinsurer sold its ownership stake in Probitas Holdings, Bermuda to Aviva.
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Aon names Silitonga to lead its Indonesia business
Based in Jakarta, Marguerita Silitonga is to lead the reinsurance broker’s efforts in southeast Asia’s most populous country.
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Mapfre Re appoints Estevez to lead Tokyo office
The reinsurer’s chief representative officer for Japan was previously projects expert manager at Mapfre Re’s Asia Pacific regional management in Madrid.
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DWIC 2024 post event report: From Uncertainty to Opportunity
An event report on this year’s record-breaking Dubai World Insurance Congress, in association with the Dubai International Financial Centre Authority.
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Apollo appoints Day as new deputy CUO
New deputy chief underwriter Carl Day joins Apollo from CNA Hardy where he has been active underwriter for its Syndicate 382.
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Rozes joins BMS as group CFO
Broker appoints new chief financial officer and executive director who joins from IG Group and previously managed the JLT integration at Marsh McLennan.
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Mapfre Re gains Chinese approval for Beijing branch
The reinsurance arm of the Madrid-based insurer has gained approval from China’s National Financial Regulatory Administration.
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Hiscox appoints ex finance minister as Bermuda board member
The Bermuda (re)insurance subsidiary of Hiscox has a new non-exec board member, a former Bermuda government minister of finance, with 25 years of US banking experience.
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Specialist Risk Group acquires PV MGA Tristar
Terrorism and political violence focused MGA Tristar Special Risks has been bought by Specialist Risk Group.
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Howden Re enters Japanese market
The reinsurance broker announced the launch of Howden Re Japan and an ILS partnership with Keystone ILS Capital.
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Beazley appoints Mounier head of Europe, cyber risks
Lucien Mounier was previously based in Singapore as specialty insurer and reinsurer Beazley’s head of Asia Pacific for the past six years.
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Mid-year renewals ‘consolidate’ 1/1 trends – Aon
Aon described a ‘favourable’ July renewal on balance for reinsurance buyers in its Reinsurance Market Dynamics July 2024 report.
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‘Transitioning reinsurance market’ at 1/7 – Guy Carpenter
The reinsurance broking arm of Marsh McLennan gives its view of renewals made at the midpoint of 2024.
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Gallagher Re: Reinsurers make ‘strong start to 2024’
The first quarter of 2024 has also shown strong results, with up to a 12% improvement in reinsurers’ combined loss ratios, according to the reinsurance broker.
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Supercede makes $15m capital raise – interview with CEO Jerad Leigh
London-based Supercede was set up in 2019, launching its reinsurance-focused technology into the market in 2020 and 2021.