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Only one in two risk leaders confident in their organisation’s risk response capability: WTW
21st November 2024
Most risk leaders (80%) are concerned about their organisation’s capability to respond adequately to risks that might emerge in the next decade, as only two in ten (20%) believe in their companies' resilience, a recent WTW survey has revealed. Moreover, only one in two respondents (50%) are confident their ... Read the full article
Commercial P&C premiums across all account sizes rise by 5.1% in Q3’24: CIAB
21st November 2024
In the third quarter of 2024, premiums across all account sizes rose by 5.1% within the commercial property and casualty (P&C) insurance market, roughly the same as the 5.2% recorded in the previous quarter, according to The Council of Insurance Agents & Brokers’ (CIAB) latest quarterly survey. In fact, Q3'24 marked ... Read the full article
Coalition highlights 68% surge in ransomware claims severity
21st November 2024
Coalition, an active insurance provider aimed at preventing digital risks before they occur, has released its 2024 Cyber Claims Report: Mid-Year Update, which highlights new trends in cyber threats and their effects on Coalition policyholders in the first half of 2024. One key finding from the report was a 68% increase ... Read the full article
CFC names Janine Fenwick as APAC Transaction Liability Practice Leader
21st November 2024
CFC, an insurance provider specialising in cyber risk, has expanded its rapidly growing transaction liability team by appointing Janine Fenwick as Transaction Liability Practice Leader, Asia Pacific (APAC). Based in Melbourne, Fenwick will provide strategic leadership to the onshore transaction liability team, established following the acquisition of Solution Underwriting in ... Read the full article
BMS Group appoints Ryan Phillips as Director & African Practice Leader
20th November 2024
BMS Group, the independent specialist insurance and reinsurance broker, has announced the appointment of Ryan Phillips as Director & African Practice Leader, effective March, 2025. Based in London, Phillips will report to Paul Galvin, Director, and his role will cover the entire African continent. He will collaborate with the broader BMS ... Read the full article
Tokio Marine’s international segment sees Q2’24 profit of $1.62bn as NPW surge 15%
20th November 2024
Tokio Marine’s international business reported Q2 2024 fiscal year profit of JYP 251.4 billion ($1.62 billion), an increase of 24.5% from the same period of the previous year, while net premiums written surged 14.8% to JYP 1,706.7 billion ($10.97 billion). As per Tokio Marine, the primary driver of the profit increase ... Read the full article
Bermuda plays key role in reinsurance innovation and collaboration: PwC’s Wightman
19th November 2024
The recent PwC Insurance Summit in Bermuda highlighted the island’s key role in driving reinsurance innovation, growth, and resilience in addressing global challenges such as climate change. Arthur Wightman, PwC Territory Leader, opened the summit by emphasising that it was not just an opportunity to reflect on the growth and resilience ... Read the full article
Acrisure London Wholesale promotes Tom Quy to Managing Director
19th November 2024
Acrisure London Wholesale (ALW), the London-based wholesale division of Acrisure, has promoted Tom Quy to Managing Director, effective January 1, 2025. He succeeds John Sutton, who will transition into a new role as a consultant, providing strategic guidance to the ALW management team. Quy will report to Simon Hedley, Global Chief ... Read the full article
Munich Re’s Matt Foster joins Coalition as Head of London Markets
18th November 2024
Coalition, an active insurer focused on preventing digital risks, has appointed Matt Foster as its Head of London Markets. In the role, Foster will serve as the lead underwriter for the London Market and complex risks, reporting to Stephen Wares, Head of International Underwriting. Foster began his career as a Graduate Trainee ... Read the full article
Aegis Executive Risks launches comprehensive management liability insurance programme
15th November 2024
Aegis Executive Risks (AER), a division of Aegis General Insurance Agency and K2 Insurance Services, is pleased to announce the launch of its new Management Liability insurance program. This comprehensive offering is designed to protect executives, directors, officers, and businesses, providing critical coverage that strengthens leadership teams and enhances organisational resilience. The ... Read the full article
Envelop Risk launches new underwriting division, appoints Dom Peters as CEO
12th November 2024
Data-driven reinsurance and analytics specialist Envelop Risk has launched Envelop Underwriting, appointing Dom Peters to lead the newly established division as CEO. According to the firm, Envelop Underwriting will encompass all existing underwriting activities, including Envelop Risk Bermuda and Envelop at Lloyd’s. Aforementioned Peters will reportedly oversee the management and governance ... Read the full article
Pasternak to succeed Hermelingmeier as CFO of HDI Global SE
8th November 2024
Industrial insurer HDI Global SE has appointed Dr. Stefan Pasternak, currently Chief Financial Officer (CFO) of Munich Re subsidiary, Great Lakes Insurance SE, to succeed Dr. Christian Hermelingmeier as its new CFO. Hermelingmeier moves internally within the Talanx Group as CFO of Hannover Re, effective April 1st, 2025. Pasternak brings with ... Read the full article
Everest names Emily Davis as Head of Reinsurance Global Specialties
8th November 2024
Everest Reinsurance, the reinsurance division of Bermuda-domiciled Everest Group, Ltd., has appointed Emily Davis to lead its Global Specialties business, reporting line to Jill Beggs, Reinsurance Executive Vice President and Chief Operating Officer. The firm's Global Specialties segment includes Aviation, Marine, Cyber, Engineering, and Parametric Solutions. Most recently, Davis served as Everest ... Read the full article
Conditions in property cat to remain ‘very attractive’ in 2025: Hiscox CFO
7th November 2024
Paul Cooper, Group Chief Financial Officer of Hiscox, has noted that in light of recent catastrophe activity, rates are expected to remain robust, creating "very attractive" conditions in the property cat market. As a result, the company plans to gradually deploy additional capital into this sector. Speaking during an analyst call ... Read the full article
Buyer friendly conditions continue as insurers focus on growth: Aon
6th November 2024
Buyer friendly conditions for insurance buyers in North America continued through the third quarter of 2024, accelerating in key areas as insurers seek to achieve year-end growth, Aon has revealed in its recent North America Market Overview for Q3. In its remarks, the broker noted that the Casualty insurance environment presents ... Read the full article
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