CRE Insurance
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Portuguese risk managers question value of cyber cover
The hard cyber insurance market has become such a big issue that companies must ask themselves whether it is really…
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Cyber losses from 1-in-200-year event could reach $33.4bn, says Guy Carpenter
A one-in-200-year cyber loss could cost the insurance industry between $15.6bn and $33.4bn but would manageable for the market, according…
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Aon’s Fumagalli joins Sompo International in Italy
Sompo International has appointed Simona Fumagalli as country manager of insurance in Italy. She will be based in the company’s…
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Alta Signa names AIG’s Huidekoper D&O and FI manager in Benelux
MGA Alta Signa Europe has appointed Sytse Huidekoper from AIG as D&O and financial institutions manager in Benelux as it…
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Europe’s risk managers must be clear on strategy and transparent to secure best terms: Wegener
Ferma president Dirk Wegener has advised Europe’s risk and insurance management community to focus on transparency and clarity when it…
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Mactavish index shows UK claims litigation hitting High Court up 14% last year
New data from Mactavish finds that the number of commercial claims disputes going to the UK High Court rose 14%…
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Lloyd’s, QBE and Mapfre join exodus from NZIA
Lloyd’s, QBE and Mapfre have become the latest members of the UN-convened Net Zero Insurance Alliance (NZIA) to leave, with…
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Guy Carp buys Israeli reinsurance broker
Marsh McLennan subsidiary Guy Carpenter is to acquire Israel-based reinsurance broker Re Solutions. Terms of the transaction, which is expected…
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UN backs NZIA collaboration but 11 members have now quit
The UN said “there is a fundamental and urgent need for collaboration” in the insurance and reinsurance industry to tackle…
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Scor secures $75m cat bond after lowering exposure
Scor has placed a trigger cat bond for $75m of cover against named storms in the US, earthquakes in the…
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Bloomer succeeds Childs as Hiscox chair
Specialty insurer and reinsurer Hiscox has announced Jonathan Bloomer is to replace Robert Childs as chair. Bloomer is a former…
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Allianz, Scor and chair AXA exit NZIA
Three more European insurers, AXA, Allianz and Scor, left the Net Zero Insurance Alliance (NZIA) yesterday after weeks of speculation…
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Lloyd’s names new CUO
Lloyd’s has appointed Beazley’s Rachel Turk as its new chief underwriting officer. Turk is currently group head of strategy and…
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AMRAE study finds French cyber market showing signs of improvement but capacity shortfall persists
The cyber insurance market showed signs of improvement for French buyers last year, but they still had to deal with…
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Debate hots up on coverage for mass timber projects in Europe
A webinar will be held today by the Alliance for Sustainable Building Products (ASBP) and partners designed to push forward…
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Swiss Re latest to quit Net-Zero Insurance Alliance
Swiss Re is the latest high-profile member to leave the UN’s Net-Zero Insurance Alliance (NZIA) in the face of growing…
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HDI Global says turnaround complete as it delivers strong Q1 numbers
HDI Global said its turnaround is now complete as the company’s underwriting results and combined ratio improved in the first…
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Market and macroeconomic risks top Eiopa’s concerns for European insurers
European insurers’ exposures to macro and market risks are running high and pose the main concerns for the sector, according…
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Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
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MS Amlin adds Hassan to claims team in bid to boost service
MS Amlin has appointed Erman Hassan as head of natural resources claims as part of plans to boost its claims…