Tony Dowding
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UK/Ireland
State National to enter UK market to serve MGAs
State National Companies, the largest programme services carrier in the US and a wholly owned subsidiary of Markel, is entering…
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GRM People Moves
Markel appoints war and terrorism senior underwriter
Tim Woodhouse has been appointed as senior underwriter at Markel within its war and terrorism team. The insurer said the…
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Energy
Abundant energy sector capacity could see price softening in 2024
Market capacity across the whole energy sector remains abundant, despite the significant loss activity across the sector in the last…
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Asia
Positive outlook for Vietnam’s non-life insurance sector
Vietnam’s non-life insurance sector has seen premium growth in 2023 despite a slowdown in economic growth, and a new law…
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Brokers
Ardonagh Specialty’s CEO joins Brokerslink board
Brokerslink has appointed Antony Erotocritou as a new board director representing London-based Ardonagh Specialty. Brokerslink said the move reinforces the…
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ESG Regulation
ESG rating regulations should extend to data, say EU insurers
Measures included in the European Commission’s ESG rating regulation proposal have been welcomed by Insurance Europe and Pensions Europe as…
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GRM Insurance
Favourable market conditions for financial institutions into 2024
Insurance market conditions will continue to be favourable for financial institutions for the remainder of 2023 and into the first…
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Europe
European insurers more exposed to weather losses as reinsurers pull back
Fitch Ratings has warned that European insurers have become more exposed to weather-related losses due to reinsurers providing less cover…
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Asia
Asia sees modest price increases amid growing demand for ART
Demand for alternative risk transfer solutions has increased in Asia according to Aon, which said it has seen a growing…
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GRM Captives
Artex renames cell facility as Artex Axcell
Artex, Gallagher's wholly owned subsidiary for alternative risk and capital, has created Artex Axcell and will be transitioning all of…
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Employee Benefits
One-size-fits-all benefits packages no longer fit for purpose, says Zurich
Organisations should consider placing wellbeing, technology, inclusivity and social good at the heart of their benefits packages, according to Zurich…
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UK/Ireland
New London-based MGA launched by climate risk underwriter Arbol
Climate risk solutions provider Arbol is expanding into the UK with the launch of a new London-based MGA that will…
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North America
Gallagher rebrands US management liability practice
Gallagher has renamed its US management liability practice as executive and financial risk practice and appointed Jennifer Sharkey as managing director of…
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Latin America
Chilean insurance sector shows resilience and strengthened regulatory framework
The resilience of Chilean insurers in the face of global and domestic pressures, together with the strengthening of the market’s…
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Aviation
Overcapacity likely to accelerate airline insurance sector softening
While insurers try to hold some pricing resolve for the airline insurance sector, over capacity exists for many risks and…
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Risk Management
Employee risk, reputation and ESG rise up risk agenda for business leaders
The risk landscape for business leaders is changing, particularly around business and executive risks, from employee risk to reputation management…
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GRM News & Analysis
Increasing regulatory risks for global insurance programmes
Alex Gage, head of global programmes – specialty risks, Beazley, spoke to Global Risk Manager about demand for specialty products,…
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ESG Regulation
Agreement reached on proposed EU nature restoration law
The EU Parliament and the Council of the EU have reached a provisional political agreement on a regulation on nature…
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GRM Insurance
Pen Underwriting launches new intellectual property cover
A new intellectual property (IP) cover has been launched by Pen Underwriting, backed by Tokio Marine Kiln (TMK). Pen said…
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UK/Ireland
Chubb launches UK media product and rebrands technology practice
Chubb has launched a new UK media insurance product for UK and has rebranded its existing UK technology industry practice…