Price Forbes Re has appointed Mr Oliver Waterhouse as head of property facultative. In his new role, he will spearhead the property facultative division, a core area of growth for Price Forbes Re.
The Singapore Reinsurers' Association (SRA) yesterday announced its panel programme line-ups and Guest-of-Honour for the Singapore International Reinsurance Conference (SIRC) 2024.
French reinsurer CCR Re has announced that its name will be changed to Arundo Re on 16 January 2025.
Lloyd's has appointed Sir Charles Roxburgh as chair, effective 1 May 2025 and subject to regulatory approval and consent from the Prudential Regulation Authority and the Financial Conduct Authority. His appointment was also approved by the Council of Lloyd's. He succeeds Mr Bruce Carnegie-Brown.
Climate change and its impact on losses and claims featured highly as major challenges to be faced by marine insurers in the future, according to a general consensus reached at the 150th anniversary conference in Berlin of the International Union of Marine Insurance (IUMI). Changing weather patterns would place increased strain on supply chains causing delays and risk accumulations.
Allianz Global Corporate and Specialty has appointed Mr Thomas Lillelund as CEO, effective early 2025 and subject to regulatory approval. He will also assume leadership of Allianz Commercial, the Group's integrated global model for serving the commercial property and casualty insurance segment.
The prices of comparable sukuk and bonds analysed by Fitch Ratings maintained high correlation over 1H2024, continuing the pattern observed over the previous five years, although there are sometimes brief instances of price volatility when correlation falls, the global credit rating agency says.
The Asia Pacific region maintained its share of global marine insurance premiums of 28.1% in 2023, compared to 28.4% in 2022, according to data from the International Union of Marine Insurance (IUMI) which presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin on 16 September 2024.
AXA XL has appointed Mr Chris Caponigro as head of reinsurance capital management. In his new role, he will further expand the product offering and investor base by continuing to develop the team's infrastructure and strategy.
Four years after the peak of the COVID-19 pandemic, many countries are still reporting elevated all-cause excess mortality compared with pre-pandemic levels, according to Swiss Re Institute.