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Reinsurance

 

 

United Risk buys Australian reinsurance MGA Pinnacle

US firm expands global market presence with acquisition of Sydney-based specialty reinsurance managing general agent

Asia Pacific Australia

Hamilton appoints Daws as CEO of Hamilton Re

Executive succeeds Megan Graves at helm of Bermuda-based reinsurer 

Bermuda Reinsurance

Lloyd’s Florida reinsurance exposure climbs 33% in 2024

Florida reinsurance business written by the Lloyd's market surpasses $1bn in 2024

United States Lloyds

Catastrophe bond issuance to hit Q2 record of $10bn

Second-quarter issuances follow a first quarter in which settled deals topped $7bn

North America International

Differentiated underwriting is crucial in a soft market: LSM’s Prato

The convergence of the soft market with the bifurcation of the subscription market is a cause for concern, the head of Liberty Specialty Markets’ London operations says

London Liberty

Air India crash expected to harden aviation market

Air India Flight 171 crash likely to cost insurers $200m, most of which will fall on international reinsurers, GlobalData says

India International

Swiss Re warns heat waves will hit insurance hard

Extreme heat will result in damage to a variety of infrastructure, set off fires and damage agriculture, reinsurer warns

International Climate change

IQUW promotes Furlong to lead technical underwriting

Specialty carrier appoints head of marine, energy and aviation to newly-created role

Lloyds Specialty

Gallagher and WTW joint brokers on Air India insurance cover

Reports suggest New India leads operator’s insurance cover, while AIG said to lead reinsurance programme

India Reinsurance

US severe storm losses mount but so far remain under 2024 totals

Year-to-date severe convective storm losses surpass $27bn following wave of severe weather in May

United States Climate change

Samsung Fire & Marine ups stake in Canopius

South Korean insurance giant acquires additional 21% stake in specialty re/insurance group

London Canopius

Howden acquires Peruvian reinsurance broker

Innova Re specialises in commercial lines including property, aviation and civil liability

Peru Howden
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