Regions
London
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European insurance stocks gain 16% in H1
Aviva and Talanx are the top-performing stocks to date, with Axa, Fairfax and SiriusPoint also posting good gains, but Lancashire has struggled
The UK government’s fraud reduction strategy has implications for insurers
The Public Authorities (Fraud Error and Recoveries) Bill seeks to modernise the government’s approach to fraud investigation and recovery though a series of new powers
M&S and Co-op cyber attacks could cost up to £440m: CMC
Cyber Monitoring Centre classifies attacks as a category 2 systemic event, in first live assessment
Bermuda
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Hamilton appoints Daws as CEO of Hamilton Re
Executive succeeds Megan Graves at helm of Bermuda-based reinsurer
Fidelis ‘reviewing options’ following aviation ‘mega-trial’ judgment
Bermuda-based carrier says it is ‘disappointed’ with judgment and is considering a possible appeal
Compre names Bardon CUO
Legacy specialist hires Hudson Structured Capital Management senior executive Rachel Bardon
Europe
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European insurance stocks gain 16% in H1
Aviva and Talanx are the top-performing stocks to date, with Axa, Fairfax and SiriusPoint also posting good gains, but Lancashire has struggled
Marsh launches European cyber facility for mid-sized businesses
The facility will offer limits of up to $5m and promises to remove barriers to buying cyber insurance
Aviation lessor ruling ‘unlikely to have an immediate market impact’
Insurers were likely well prepared for the court judgement and the war risk market has already been hardening, broker Price Forbes says
Americas
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Insurer implications of Trump’s AI moratorium remain unclear
Regulators worry moratorium could erode state oversight of use of artificial intelligence technology by insurers
European insurance stocks gain 16% in H1
Aviva and Talanx are the top-performing stocks to date, with Axa, Fairfax and SiriusPoint also posting good gains, but Lancashire has struggled
Citizens expects policy count to fall to 654,000 by year-end
Florida last resort carrier’s policy count fell below 800,000 last week, but is expected to rise during hurricane season, chief executive says
Asia-Pacific
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Aon reports record M&A insurance claims in North America
Claims payments surpass $300m on North American representation and warranty policies
Price Forbes appoints Sathanart to lead Asia property business
Global insurance broker hires DirectAsia executive to lead growth of property business across the Asia-Pacific region
United Risk buys Australian reinsurance MGA Pinnacle
US firm expands global market presence with acquisition of Sydney-based specialty reinsurance managing general agent
Middle East and Africa
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Aon reports record M&A insurance claims in North America
Claims payments surpass $300m on North American representation and warranty policies
Africa Specialty Risks names Malterre CUO
Former Sedgwick executive Eric Malterre will lead the development of Africa Specialty Risks' underwriting strategy
Gulf war risk premiums double but softening is now expected
Hectic two days as underwriters attempt to second guess twists of Middle East hostilities
Global
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