All News articles – Page 90
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People & OpinionTrust Re Appoints Yassir Albaharna as Chief Executive Officer
With a renowned international profile and wide marketing network, Mr. Albaharna has more than 34 years of in-depth experience in the reinsurance industry.
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NewsFirms stuck in ‘response’ mode - Deloitte
Over half of organisations have faced a risk incident due to third-party failure during COVID-19 pandemic
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NewsManaging money laundering risk in a COVID world
How money launderers are exploiting know your customer (KYC) checks and using the pandemic as a ruse to move money
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NewsJust 4.5% of Asia cat losses insured in 2020
Economic losses due to natural catastrophes in the region reached $67 billion last year, indicating a huge gap and growth opportunity for re/insurers
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NewsAXA’s Asian operations hit by ransomware attack
It comes a week after the insurer said it would be dropping extortion payments when underwriting cyber-insurance policies in France
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NewsOrganisations failing to anticipate and model key emerging risks: Marsh Report
The findings suggest a significant perception gap with firms’ risk management functions prioritizing short-term threats over those that are high severity but lower frequency.
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NewsEnvironmental risks, climate change threatens megacities
Firms must align climate risk assessments with the recommendations of the TCFD to build greater resilience - Verisk Maplecroft
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People & OpinionHamilton appoints Craig Howie as group chief financial officer
Howie joins Hamilton after nine years at Everest Re Group where he was EVP, Chief Financial Officer. Prior to joining Everest, Howie spent over 23 years at Munich Re America where he held a number of senior finance positions.
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NewsProtestors gather outside Lloyd’s of London over coal mine insurance
People gathered to demand Lloyd’s stops insuring all coal mines immediately. The protest was designed to coincide with the reopening of Lloyd’s underwriting room.
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NewsBuffett’s Berkshire buys Aon, slashes Chevron and Wells Fargo
(Reuters) - Berkshire Hathaway Inc said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp and Wells Fargo & Co.
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NewsGenerali profits beat forecasts led by asset management, non-life
“We continue to assess M&A opportunities with a disciplined approach as a way to diversify our sources of cash-flow,” head of finance Cristiano Borean told a news briefing on Tuesday.
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NewsLaurent Rousseau to succeed Denis Kessler as Chief Executive Officer of SCOR
The Board’s appointment of Denis Kessler as non-executive Chairman following the General Meeting of June 30, 2021, will help to ensure the continuity of the Group’s strategy and to perpetuate its values.
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NewsConduit hits target in first quarter
The company, part of the Class of 2020 start-ups on the island, reported estimated ultimate premiums written of $199.1 million in the quarter versus approximately $160 million announced in its January trading statement.
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NewsNectaris Re launches in Bermuda
Nectaris Re Ltd is the newest member of Bermuda’s re/insurance Class of 2020/21.
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NewsAon to sell retirement and investment business in Germany to resolve EU Commission Qs
Aon today announced the firm has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP).
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NewsRansomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
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NewsWhat will it take for the ILS market to assume more political violence risk?
Almost a year ago, what would eventually become known as the ‘George Floyd’ riots began – an event that would eventually cost the global insurance industry more than US$2 billion.
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NewsGovernment needs ‘to do something positive’ to clarify impact of EU Vnuk ruling on UK law
The government needs “to do something positive to make very clear the boundaries of UK law” around the European Vnuk ruling post-Brexit, said Paul Ryman-Tubb, partner at law firm Weightmans.
