CelsiusPro Buys UK’s Global Parametrics to Strengthen Climate, Nat Cat Risk Solutions September 7, 2023 CelsiusPro AG, the Zurich-based parametric insurance managing general agent, announced the acquisition of Global Parametrics Holding Co. Ltd. CelsiusPro said...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says September 7, 2023 By Loukia Gyftopoulou Growing fears about the state of the world are pushing more people to take out insurance even as prices rise,...
ACORD Releases Data Messaging Standard to Support London-Market Modernization September 7, 2023 ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting...
City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance September 7, 2023 By Huw Jones The City of London called in a report on Thursday for a new council which would allow Britain’s financial sector...
Loss Trends for Severe Convective Storms September 7, 2023 By L.S. Howard Loss trends for severe convective storms (SCS) have increased over the past 15 years and even more during the past...
The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
People Moves: Nutter to Retire as RAA President; Covington Appointed to Take the Helm September 6, 2023 The Reinsurance Association of America (RAA) on Wednesday said its long-time president, Frank Nutter, will retire at the end of...
People Moves: Marsh Names Harris CEO, UK Retail; AXA XL Appoints Meier as Chief Client Officer September 6, 2023 This edition of International People Moves details appointments at Marsh McLennan and AXA XL. A summary of these new hires...
Reinsurers’ Performance Keeps Improving on Underwriting Profits, ROE: Gallagher Re September 6, 2023 By L.S. Howard Reinsurers reported “a robust increase” in their capital base, improved underwriting profits as well as higher returns on equity and...
Howden New Zealand Acquires Apex Insurance September 6, 2023 Howden, the London-based insurance group, announced it has completed the acquisition of Apex Insurance New Zealand and its associated subsidiaries...