Record earnings for ‘big four’ Continental reinsurers; discipline held amid casualty, wildfire claims
Munich Re, Swiss Re, Hannover Re and SCOR have raised their earnings targets after strong performance and €11bn of combined earnings in 2024, according to a paper from rating agency Moody’s.
Latest updates
Johnson takes on new technical underwriting role at Markel
Prior insurance market roles include as an active underwriter at MIC Global, and head of syndicate management at Pioneer Underwriters.
Trafford joins Howden as chief corporate affairs officer
Previously a senior advisor at Lansons, Brigitte Trafford has held senior corporate affairs and marketing roles at LSEG, Virgin Media, ICAP, ITV and Dow Jones.
Allianz Trade names Williams as new UK & Ireland CEO
Veteran exec to succeed Sarah Murrow, who moves to lead Americas region.
Arch Insurance International appoints Barrett to lead cyber and health
James Barrett promoted to lead two lines at the London market insurer.
Renewals at 4/1 favour reinsurance buyers – Aon
A competitive reinsurance market saw “much improved pricing” for most buyers at the key 1 April renewal for Japan, South Korea and India, the reinsurance broker reported. Notably, the LA wildfires had little effect beyond loss-hit US insurers, according to Aon.
Pool Re makes terrorism treaty transition, heralds innovation, resilience benefits
Tailored retentions can include CBRN threats, cyber physical damage, as well as conventional risks, under the new ‘bifurcated approach’ adopted by the UK’s Treasury-backed reinsurance pool for terrorism risk in mainland Great Britain.
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