News
ICEYE to add wind risks to flood and wildfire focus; satellite constellation reaches 40
Synthetic-aperture radar satellites complements other technologies used to assess natural catastrophe damage, and ICEYE plans to use its growing satellite constellation to prevent flood damage when possible, as well as detect it.
Gallagher appoints crisis management, financial lines CEOs
Paul Bassett and Simon Brookes become CEOs of their product segments in a reshuffle at the intermediary’s Gallagher Specialty arm.
Climate, technology and geopolitics lead 2025 risks – Beazley CEO
Three overarching key risk areas emerged from Beazley’s ‘Risk & Resilience Predictions for 2025’, the re/insurer’s CEO, Adrian Cox revealed.
Geneva Association releases cyber risk transfer progress report
A new paper from the industry body provides analysis about the challenges facing the cyber re/insurance market, through traditional underwriting and alternative risk transfer.
Howden Asia to appoint new CEO and chairman in 2025
Joining from Marsh McLennan, Rohan Bhappu will first serve as deputy CEO of Howden Asia, then becoming its CEO later next year, at which point current CEO Chye Huat Goh, becomes chairman of the broker’s Asia Pacific arm.
M&A claims surge and W&I market grows to record levels – HWF study
The use of warranty & indemnity insurance grew to record levels in the first half of 2024, according to a study by broker HWF Partners.
Mapfre Re turns to cat bond market for the first time for retro cover
Spanish reinsurer has structured retrocessional protection through a catastrophe bond for the first time, to transfer US wind risk.
Aon and EBRD launch €110m Ukraine war risk facility
The broker has partnered with MS Amlin and several Ukrainian insurers, along with several governments and the European Bank for Reconstruction and Development, to put together the war risk scheme for Ukraine, nearly three years after Russia’s full-scale invasion of the country.
Chubb expands PVT with new Continental Europe, Middle East and North Africa team
New CEMENA team at the insurer is to be led by Becky Jarold, previously senior PV underwriter in Dubai.
Editor’s opinion-analysis: PV’s soft market has dodged a bullet; what will 2025 bring?
A $41m High Court case points to PV’s soft market traits despite the volatile geopolitical landscape, writes David Benyon, editor of GR.
Part of the Insurance and Risk group of Newsquest Specialist Media
Published by Newsquest Media Group Limited, registered in England & Wales with number 01676637
at 1st Floor, Chartist Tower, Upper Dock Street, Newport, Wales, NP20 1DW - a Gannett company
at 1st Floor, Chartist Tower, Upper Dock Street, Newport, Wales, NP20 1DW - a Gannett company
Site powered by Webvision Cloud