Global Risk Manager
-
US cyber insurance market stabilising as cyber risks evolve
The US cyber insurance market is stabilising, with competitive rates, ample capacity and enhanced risk management services. However, challenges like…
-
Severe weather events in Canada in 2024 set insured loss record of $8bn+
Insured damage caused by severe weather events in Canada in 2024 surpassed $8bn for the first time in Canadian history,…
-
US property rates fall; market awaits wildfire claims
US commercial property insurance policyholders saw continued rate relief at year-end renewals as capacity expanded, fuelling more competitive market conditions.…
-
Record California wildfire loss estimates reach $30bn
The wildfire engulfing the Los Angeles area will result in insured losses that materially exceed highs from past wildfire events…
-
Indian insurance market to lead global growth: Swiss Re
India is expected to surpass Germany and Japan to become the world’s third-largest economy by the end of this decade,…
-
SRS Altitude expands into North American market
Managing general underwriter SRS Altitude, which specialises in alternative risk transfer (ART) solutions, has announced its strategic expansion into the…
-
WTW launches new cyber facility in Singapore and Hong Kong
WTW has launched CyCore Asia, a new primary cyber insurance solution for businesses in Singapore and Hong. The broker said…
-
Captives: Building climate resilience and consolidating data
The world is seeing an increase in frequency and severity of nat cat perils and secondary perils, and as a…
-
Miller launches in Korea
Miller, the London-based international (re)insurance broker, has announced further expansion into Asia with the launch of Miller Korea, led by…
-
New portfolio solutions division at AEGIS London
Lloyd’s syndicate AEGIS London has formed a new portfolio solutions division that will focus on following third-party underwriting expertise in…
-
Africa Specialty Risks launches first Africa focused Lloyd’s consortium
The first Africa focused Lloyd’s consortium has been launched by reinsurance group Africa Specialty Risks (ASR). The consortium, known as…
-
Arch Insurance names new CEO for Europe
Arch Insurance has promoted Duncan Smith to CEO of its EU business as Søren Scheuer steps down. Smith has been…
-
California wildfire loss estimates up to $20bn
Insured loss estimates from the escalating Los Angeles wildfires are rising, with figures of $20bn now being put forward. Analysts…
-
New adjusting office in Rio de Janeiro for Charles Taylor
Charles Taylor has opened a new adjusting office focused on the natural resources sector in Rio de Janeiro, Brazil. The…
-
Everest Group appoints acting CEO
Jim Williamson has been appointed named acting CEO at Everest Group. He has also joined Everest’s board of directors. Williamson…
-
The Hartford launches new Singapore operation
US insurer The Hartford has opened a new service company in Singapore, extending its expertise to one of the world’s…
-
Last year third-most expensive for nat cat insured losses, says Munich Re
Last year was a loss-heavy one for the insurance market, with natural disasters causing insured losses of $140bn, compared to…
-
Aspen Insurance appoints head of US environmental
Michelle Dudek has been named Aspen Insurance head of US environmental. Based in Jersey City, New Jersey, she is responsible…
-
WTW appoints Wegbrans head of corporate risk and broking in Europe
WTW has named Hugo Wegbrans head of corporate risk and broking for Europe. Simon Delchar succeeds Wegbrans as the broker’s…
-
Outlook positive for Sri Lanka non-life insurers
Fitch Ratings says that underwriting profitability for Sri Lankan non-life insurers will gradually improve as they enhance practices and shift…