South Korean (re)insurers are looking at losses estimated to be around KRW90bn ($61.8m) from the devastating wildfires in Los Angeles. DB Insurance and Korean Re are likely to bear the largest impact, of these losses.
Swiss Re's Board of Directors has proposed Mr Morten Hübbe and Mr George Quinn for election as new members of the Board at the upcoming AGM in April 2025.
Lloyd's announced on Thursday that CEO John Neal will be leaving Lloyd's in 2025, after leading the world's marketplace for insurance and reinsurance for over six years. Mr Neal will be joining Aon as its global CEO of reinsurance and global chairman of climate solutions.
Lloyd's announced yesterday that CEO John Neal will be leaving Lloyd's in 2025, after leading the world's marketplace for insurance and reinsurance for over six years. Mr Neal will be joining Aon as its global CEO of reinsurance and global chairman of climate solutions.
CCR Re has successfully sponsored the 2025 vintage of its 157 Re sidecar, emphasising its commitment to maintaining long-term partnerships with third-party investors.
AXA Global Healthcare, the international medical insurance division of French multinational insurance firm AXA Group, has unveiled a digital platform merging insurance services with healthcare delivery.
On the group level, Forvis Mazars has appointed Mr Hervé Hélias as chairman, a reappointment; Mr Pascal Jauffret as CEO and Mr Rick Chan as a member of the Group Governing Board.
Etiqa Insurance Singapore (Etiqa) has launched 'Invest future', Singapore's first Takaful offering in over a decade. Maybank Singapore (Maybank) will be the exclusive distributor of this takaful product.
The number of people aged 65 and over is expected to hit 1.6bn in 2050, with Asia leading the trend, according to the World Economic Forum.
Beazley has appointed Mr Alessandro Lezzi as group head of cyber risks. He will report to Mr Paul Bantick, group CUO.