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Hawk Seguros joins the Assurex Global Partnership
16th February 2024
Assurex Global, the privately held commercial insurance, risk management, and employee benefits brokerage group, has elected Hawk Seguros of São Paulo, Brazil, to the Assurex Global Partnership, effective January 22nd, 2024. Hawk Seguros works with a diverse group of clients, with specialties such as Construction, Cyber, Energy, Environmental, International, Manufacturing, Mining, ... Read the full article
NAIC 2024 strategic priorities to include AI, climate risks and insurance marketing
14th February 2024
Climate and cyber risks, as well as protection gaps and transparency among the National Association of Insurance Commissioners (NAIC), priorities for 2024. The NAIC has recently announced its strategic priorities for the year and stated they are equipped to take on the shared challenges and responsibilities of a more interconnected world. The ... Read the full article
Inver Re hires Gallagher Re’s Steven Rance as Head of Specialty, London
14th February 2024
Inver Re, Ardonagh Specialty’s reinsurance broking business, has appointed Steven Rance to the newly created position of Head of Specialty in London. He will report to Jonathan Prinn, Chief Executive Officer of Inver Re London. Rance's remit in his new role will include being responsible for Credit, Marine, Cyber, Parametrics, Motor, ... Read the full article
Global insurance market sees moderate pricing pressures amid capacity expansion and underwriting flexibility: Aon
13th February 2024
In the fourth quarter of 2023, the global insurance market exhibited resilience in the face of inflationary pressures, according to the latest insights from Aon's Q4 Global Insurance Market Dynamics report. Despite inflationary forces, pricing in the insurance market remained relatively moderate. However, risks with challenged profiles and adverse loss experiences, such ... Read the full article
CFC appoints SCOR’s Samantha Tanner as Chief Actuary
13th February 2024
CFC, the specialist insurance provider with expertise in emerging risk and cyber, has appointed Samantha Tanner, formerly of global reinsurer SCOR, as its new Chief Actuary. Tanner brings more than two decades of insurance experience in the Lloyd’s market and internationally to the role. She started her actuarial career at KPMG ... Read the full article
Burns & Wilcox names Hiscox’s Wood head of Professional Liability practice
13th February 2024
Wholesale insurance brokerage and underwriter, Burns & Wilcox, has announced the appointment of Andy Wood as Vice President and Practice Group Leader, Professional Liability. In his new role, Wood will be responsible for working across Burns & Wilcox to build a cohesive strategy and develop new products and programs while aggressively recruiting ... Read the full article
Jonathan Kelly to head up Product Recall book at AXA XL
9th February 2024
AXA XL, the P&C and specialty risk division of global insurer AXA, has appointed Jonathan Kelly as Head of Product Recall – UK & Lloyd’s and Global Underwriting Practice Leader. Kelly has been with AXA XL since 2018. He joined the firm taking on the role of Global Practice Leader & UK ... Read the full article
Everest hails ‘excellent’ Jan 1 renewals, expects ‘terrific’ market conditions to persist
9th February 2024
As market conditions remain strong, and with no meaningful new capacity entering the market, Everest Group expects conditions for upcoming renewals to remain excellent, according to Juan Andrade, President and Chief Executive Officer of the Bermuda-based re/insurer. At the 1.1 2024 renewals, Everest achieved “outstanding results”, Andrade highlighted during the firm's ... Read the full article
Demand for parametric solutions to increase in 2024: Aon
9th February 2024
Demand for parametric covers from corporates and public entities will continue to increase to provide quick liquidity after a disruptive event, address gaps in traditional insurance coverage, and cover non-traditional risks, according to Aon's Q4 2023 Global Insurance Market Insights Report. Aon suggested that parametric solutions have now been tested in ... Read the full article
‘Resilience’ emerges as key theme in global insurance landscape in 2023: Aon
8th February 2024
In a comprehensive analysis of the global insurance landscape, Aon's latest report for Q4 2023, led by Joe Peiser, Chief Executive Officer of Commercial Risk Solutions, highlights resilience as the defining theme of the year. Despite economic volatility, geopolitical instability, and mounting climate concerns, communities and businesses have demonstrated remarkable resilience. The ... Read the full article
Boost Insurance secures $130m in reinsurance capacity for expansion
8th February 2024
Boost Insurance, an insurance infrastructure platform, has announced a significant milestone with the securing of over $130 million in new reinsurance capacity. This capital injection will fortify Boost's position in supporting Managing General Agents (MGAs), insurtech firms, and embedded insurance programs. The expansion includes renewing treaties with existing reinsurers and welcoming new ... Read the full article
Lloyd’s of London investment in Axio to support company growth and benefit the market
8th February 2024
Re/insurance marketplace Lloyd’s of London has announced investment in Axio to support further development of insurance solutions within the London insurance market. According to the announcement, the investment is a direct result from Axio’s selection into, and participation in Lloyds’s Lab Cohort 10, where it successfully piloted an extension of the ... Read the full article
Nichola Archibald appointed Interim Chief People Officer at CFC
8th February 2024
Specialist insurance provider CFC has hired industry veteran Nichola Archibald as Interim Chief People Officer. Overall, Archibald has over 25 years of expertise across a wide range of industry sectors, including insurance holding senior HR positions at Inter Hannover Plc and Hannover Re, RSA and Aviva. CFC explained that Archibald has been ... Read the full article
Corvus expands Tech E+O offering with backing from Travelers
8th February 2024
Cyber Underwriter Corvus Insurance has introduced a newly expanded Tech E+O product that features an enhanced appetite backed by Travelers. Corvus explained that Smart Tech E+O provides creative risk solutions for technology businesses across a range of sizes and complexity, including primary and excess policies. The firm added that its expert team ... Read the full article
DeNexus set to launch Bermudian subsidiary this year
7th February 2024
DeNexus, a provider in cyber risk modeling for industrial networks, has announced plans to launch its subsidiary, DNX Intermediaries (Bermuda) Ltd, this year. This announcement came as DeNexus also announced significant investments from energy and insurance companies to meet the escalating global demand amid evolving cyber threats to critical infrastructure and ... Read the full article
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