A joint study released in January 2025 by the IFoA and University of Exter says that the global economy could face a 50% loss in GDP between 2070 and 2090 unless immediate action is taken on the risks posed by climate change.
Dubai International Financial Centre (DIFC) Academy and Lloyd's Academy will work together to foster development of future talent into insurance industry.
Each year mental health issues such as depression and anxiety result in 12bn lost workdays globally according to data compiled by Resolute Psychiatry.
On 17 January, Paris-based reinsurer CCR Re officially announced a name change to Arundo Re.
Global sukuk volumes will likely cross $1tn outstanding in 2025 according to Fitch Ratings. Sukuk will also remain a major part of the debt capital markets in a number of Organisation of Islamic Cooperation (OIC) countries.
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.