Lockton, the world's largest independent and privately held insurance brokerage, reported global revenue of $3.55bn for its fiscal year ended 30 April 2024 (FY2024), compared to $3.09bn in FY2023.
Canopius has appointed Mr Mark Houghton as global product leader, specialty, effective October 2024. It is a newly created role.
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.
The value of revenues earned worldwide by MGA, MGU and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around $23.9bn in 2023, according to an analysis by Insuramore.
Chubb has appointed Mr David Kirk as division president of Chubb Global Markets, subject to regulatory approval and effective 1 July 2024. He presently serves as head of marine and deputy chief underwriting officer for the division.
At the 2024 General Assembly, The Geneva Association appointed Mr Lee Yuan Siong as chairman.
Capital providers seeking to align with underwriting agencies have identified six "pillars" they want agencies to have developed or be able to build.
MS Reinsurance has appointed Mr Miguel Marin as head of data. In his new role, he will be responsible for managing the cloud-native data and analytics platform and will advance key data strategies.
Among the top 300 broking groups globally, the Asia-Pacific/Australasia region is the base for 33 groups. China is the home country for 15 of the top 300 groups, according to Insuramore.
Howden Re has appointed Mr David Hearn as chairman, global clients strategy. In his new role, he will support leadership and client service teams across the spectrum of risk and strategic advisory. This will include advising large, multi-product insurance companies with international presence and complex coverage needs.