Global Risk Manager
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Hurricane Ian losses could exceed $40bn as storm heads to Carolinas: Fitch
Insured losses from hurricane Ian are estimated to range between $25bn and $40bn but the bill could escalate as the…
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Rising interest rates wipe 72% off world’s ten largest reinsurers’ net income in H1
Global P&C reinsurers recorded improved underwriting results in the first half of this year but the impact of rising interest…
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Best sees potential for profitable growth for sub-Saharan reinsurers
Sub-Saharan Africa’s reinsurance market has expanded during the past decade as a result of steady real GDP growth and international…
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IAIS highlights role of supervisors in response to future pandemics
The response to future pandemics is likely to involve multi-stakeholder insurance-based programmes, and insurance supervisors could act as a bridge…
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Independent unified insurance regulator to be established in Saudi Arabia
The authorities in Saudi Arabia have approved the establishment of an independent regulatory authority to oversee the insurance sector and…
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Optio launches Dubai-based MGA and reinsurance broker
Specialty MGA Optio Group is to establish an MGA and reinsurance broker in Dubai, subject to final approvals from the…
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Hurricane Ian losses will add fuel to reinsurance rate rises
Significant insured losses from Hurricane Ian will drive rates up ahead of key reinsurance renewals next month, according to analyst…
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Swiss captives set for lighter regulation under revised insurance law
The principle of proportionality will be enshrined in the upcoming new Swiss insurance law, thus ensuring that captives are not…
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QIC Global rebrands core companies as Antares
Specialty insurance and reinsurance firm QIC Global is to rebrand its core companies using the Antares name, creating a single…
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Global average annual insured losses from catastrophes to exceed $120bn, says Verisk
Catastrophes are expected to cause about $123bn in insured losses on an annual average basis globally, compared to an average…
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Ascot launches new US miscellaneous professional liability unit
A new miscellaneous professional liability (MPL) unit has been launched by Ascot in the US. The new unit will provide…
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New assistant director of captive insurance in Vermont
Jim DeVoe-Talluto has been promoted to assistant director of captive insurance at the Vermont Department of Financial Regulation. DeVoe-Talluto replaces…
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US banks fined $2bn for failure to keep records
Wall Street banks are to pay penalties totalling more than $2bn for failing to maintain and preserve electronic communications. The…
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QBE sells select Irish renewal rights to Ascot
QBE has sold the renewal rights of select Irish casualty commercial insurance portfolios to Ascot, following its decision earlier this…
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Cat capacity crunch in focus as hurricane Ian nears Florida coast
The ability of the global insurance and reinsurance industry to shoulder catastrophe risk is being called into serious question as…
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Hurricane Ian reconstruction costs estimated at $258bn for one million homes at risk: CoreLogic
Data and analytics company CoreLogic said its data analysis shows 1,044,412 homes along the Florida gulf coast with a reconstruction…
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US hospitality benefits captive launched by Hub International
Hub International has launched a benefits captive for hospitality employers in the US, and those with cross-border operations in Canada.…
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Super-typhoon Nanmadol losses manageable for Japan’s non-life insurers, says Best
AM Best expects insured losses from super-typhoon Nanmadol to be manageable for Japan’s non-life insurers. Best noted that the typhoon,…
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New Japanese partner for Zurich Global Employee Benefits Solutions network
Sompo Himawari Life Insurance (SHL), the life insurance company of Sompo Holdings in Japan, has joined the Zurich Global Employee…
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Growing role for risk managers as diversity exposures rise
A new ISO standard can help organisations identify and tackle risks associated with diversity and inclusion, according to Zurich’s Julia…
