Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future projections of climate and storm activity across the continent. Windstorm …
This edition of International People Moves details appointments at Aon and Tokio Marine Kiln. A summary of these new hires follows here. Aon Names Mgoqi as CEO for South Africa Aon plc, a leading global professional services firm, has named …
The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and companies can better afford coverage. Cyber-insurance pricing increased 10% from a …
This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon. A summary of these new hires follows here. Swiss Re Promotes Ningen to CEO, US P&C Re Monica Ningen has been named CEO of US …
This edition of International People Moves details appointments at Generali Global Corporate & Commercial, Lockton Re and Aon. A summary of these new hires follows here. Generali Global Corporate & Commercial Promotes 3 for German Leadership Team Generali’s P&C unit …
This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller. A summary of these new hires follows here. Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty Division Howden Tiger, the reinsurance arm of …
Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading reinsurers to require higher attachment points, according to Gallagher Re. “The topic of primary versus secondary perils …
Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon. Roughly 42% of economic losses were covered by public and private insurance entities, which translates into …
Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit on the market sidelines, a market executive said recently. During an AM Best Reinsurance Briefing, Aditya Dutt, president of Aeolus …
When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually saying anything unique. Carlos Wong-Fupuy, a senior director for AM Best, who spoke during an online briefing on Monday, referred …
