News – Page 7
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NewsGIG appoints new board led by Fairfax’s Khosrowshahi as chairman
Fairfax Financial is majority shareholder of Kuwait-based Middle East insurer Gulf Insurance Group.
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NewsHarnessing California Workplace Violence law to tame, not inflame, social inflation
The California legislation sets a powerful new standard for workplace violence prevention, and with social inflation a concern among P&C insurers the industry is now standing at a crossroads, writes Yoni Sherizen, CEO and co-founder, Gabriel Protects.
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NewsReinsurance buyers adding to cat limits in 2024 – Guy Carpenter
The reinsurance broker put out a note saying there had been “meaningful additional catastrophe limit purchased” already this year.
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NewsSpecialty veteran Boren to lead new Mosaic advisory board
Joe Boren is a former AIG and Ironshore 50-year career veteran in global specialty insurance, focused on environmental business.
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NewsClarke appointed WTW’s risk and broking president
Alongside Lucy Clarke’s appointment, Adam Garrard assumes role of risk and broking chairman at the international insurance broker.
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NewsMapfre appoints Jiménez as chief innovation officer
New head of innovation has been CEO of MAWDY, the Madrid-based group’s assistance business unit, since 2019.
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NewsRenewables showing resilience, optimism – WTW report
A report from the broking firm is upbeat on the renewable energy sector’s prospects to “weather the storm” of the risks and challenges it faces.
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NewsAspen appoints Dunleavy as group president
A leadership restructuring sees Christian Dunleavy take the president role while Mark Pickering becomes group CFO and treasurer of the re/insurer.
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NewsBMS promotes Watkins to UK chief growth officer
Hannah Watkins was most recently a managing director at BMS Re and joined the broker 12 years ago as director of risk solutions.
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NewsUnderwriting Ukraine: market efforts continue amid wheat harvest countdown – McGill and Partners
As Russia’s war continues in its third year, what role can the re/insurance industry play in rebuilding Ukraine?
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NewsCarbon Underwriting gains in principle approval for Lloyd’s Syndicate 5757
The MGA’s second syndicate at Lloyd’s will focus solely on US programme business.
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NewsSmith joins Mosaic as Americas CEO
Toby Smith was previously Liberty Mutual’s chief underwriting officer of North America specialty lines.
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NewsDual appoints Rodriguez Forero as LatAm CEO
Marilena Rodriguez Forero joins from Axa where she served as P&C underwriting director for Mexico.
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NewsVerisk estimates Beryl US insured losses in $2-3bn range
The cat modeler’s estimate for Hurricane Beryl is based on industry insured losses to onshore property from wind.
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NewsBishop appointed Aspen’s chief data and analytics officer
Expansion of technology role following AI work and recently launched data labs.
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NewsAon appoints new head of Lloyd’s capital
Ed Thomas joins from Lloyd’s to work in Aon’s reinsurance solutions capital advisory team.
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NewsGCube backs energy storage with new $100m Lloyd’s consortium
BESS consortium led by GCube and backed by six Lloyd’s syndicates will provide up to $100m in capacity for any single project across construction and operation.
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NewsSwiss Re: major economies 'robust'; set to drive insurance growth
Non-life hard market expected to continue over 2024 and 2025, as inflation and rising claims costs push rates higher, according to The Swiss Re Institute.
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NewsMosaic restructures roles to emphasise agency business
Bermuda-based Mosaic has announced a reshuffle across its underwriting and operational teams to prioritise driving the growth of its agency business.
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NewsBMS Re hires Nelson as US CFO
Reinsurance broker’s new US chief financial officer was previously an Aon UK board director.
