
Reinsurance

United Risk buys Australian reinsurance MGA Pinnacle
US firm expands global market presence with acquisition of Sydney-based specialty reinsurance managing general agent

Hamilton appoints Daws as CEO of Hamilton Re
Executive succeeds Megan Graves at helm of Bermuda-based reinsurer

Lloyd’s Florida reinsurance exposure climbs 33% in 2024
Florida reinsurance business written by the Lloyd's market surpasses $1bn in 2024

Catastrophe bond issuance to hit Q2 record of $10bn
Second-quarter issuances follow a first quarter in which settled deals topped $7bn

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

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

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

IQUW promotes Furlong to lead technical underwriting
Specialty carrier appoints head of marine, energy and aviation to newly-created role

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

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

Samsung Fire & Marine ups stake in Canopius
South Korean insurance giant acquires additional 21% stake in specialty re/insurance group

Howden acquires Peruvian reinsurance broker
Innova Re specialises in commercial lines including property, aviation and civil liability
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