People Moves: WTW Names Aon’s Wegbrans as Head of Broking; EmergIn Risk Hires Occam’s Paraskeva; Aon’s Norris to Gallagher Re as Cyber ILS Broker November 16, 2021 This edition of International People Moves details appointments at Willis Towers Watson; Ryan Specialty’s MGU, EmergIn Risk; and Gallagher Re....
Shipowners Make Payments to Free Vessels Detained by Indonesian Navy: Sources November 16, 2021 By Joe Brock SINGAPORE – More than a dozen shipowners have made payments of about $300,000 apiece to release vessels detained by the...
Markel Corp. Puts Retrocessional ILS Fund Manager Into Run-Off November 16, 2021 Markel Corp. announced it is winding down Lodgepine Capital Management Ltd., its retrocessional insurance linked securities (ILS) fund manager, based...
People Moves: Allianz Global Corporate & Specialty Appoints 5 to Leadership Team November 15, 2021 Allianz Global Corporate & Specialty SE (AGCS) announced it is strengthening its leadership team, hiring internal and external talent for...
U.S. Severe Weather Insured Losses Surpassed $20B After Rough October: Aon November 15, 2021 Annual U.S. severe weather insured losses for 2021 are jumping above $20 billion after a rough October, even before the...
Aston Lark Continues Buying Spree With Purchase of UK Broker Philip Williams & Co. November 15, 2021 Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the...
Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses November 15, 2021 All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period...
COP26 Climate Agreement Targets Fossil Fuels as Key Driver of Global Warming November 15, 2021 By Valerie Volcovici, Kate Abnett and William James GLASGOW – U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the...
Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock November 15, 2021 By Simon Jessop and Ross Kerber GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the...
Berkshire Hathaway General Reinsurance Unit Launches Mideast Office in Dubai November 15, 2021 DUBAI — The General Reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc has set up a Middle East office in...