Aon has appointed Mr Ollie Barcock as leader of aviation reinsurance for Global ReSpecialty. In his new role, he will support the delivery of capital, customised data and analytics and consultancy services to the firm's aviation reinsurance clients.
The "dynamic nature of maritime trade makes speed and service particularly important", according to Markel senior underwriter - marine Wanshi Lin.
A high frequency of small to medium events resulted in global insured losses from natural catastrophes of $60bn in the first half of 2024, according to Swiss Re Institute's preliminary estimates.
Howden Re has appointed Ms Harriet Gruen as head of cyber threat intelligence. She brings eight years of cyber industry experience.
Swiss Re has appointed Mr Anders Malmström as group chief financial officer, effective 1 April 2025. He takes over from Mr John Dacey, who will retire from his executive role.
The continual growth of the aviation sector will see premiums hit a 20-year high in 2024 of more than $8bn, according to Mr Tom Fadden, global head of Aviation at Allianz Commercial.
Aspen has appointed Mr Christian Dunleavy as group president and Mr Mark Pickering as group chief financial officer and treasurer.
Munich Re's overall profitability and earnings diversification has improved significantly over the past couple of years, says S&P Global Ratings (S&P) which has raised to 'AA' from 'AA-' the long-term issuer credit and insurer financial strength ratings on the entities within the Munich Re group. The outlook is 'Stable'.
Gross direct premiums written (GDPW) for cyber insurance is estimated globally at just over $15.7bn in 2023 rising to more than $16bn if captive insurers are also included, says Insuramore, a provider of marketing services and related consultancy with a focus solely on the insurance sector.
The 19 July cyber security software incident at CrowdStrike is unlikely to have a material impact on global (re)insurer financial results, Fitch Ratings says.