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Despite Trump order, abandoning DEI could land companies in legal trouble
“When companies are sued by women or people of color and they're...
LA wildfires may use up over 30% of Cat budgets of Europe’s largest reinsurers for 2025
The impact of the fires on European reinsurers’ natural catastrophe...
Gallagher Re launches new academic research centre
London:Gallagher Re, the global reinsurance broker, today has announced the launch of the Gallagher Research Centre (“GRC”). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr Tina Thomson as Global Head of Research, the...
MS Amlin AG to rebrand as MS Reinsurance
London: MS Amlin AG today announced its rebrand to MS Reinsurance, An MS Amlin AG Company. The name change, which will occur during September 2022, reflects parent company MS&AD’s commitment to building a leading, globally diversified reinsurer. MS Reinsurance...
MOODY’s unveils new ESG insurance underwriting solution for P&C insurers
As insurers are seeking to measure the ESG impact of their portfolio, alongside the assessment of traditional insurance risks, this new offering is a great example of how our integrated risk-assessment strategy helps meet our customers’ needs,” said Colin Holmes,...
”Unique confluence of market uncertainties” tocharacterize the renewals: Aon
Investors and reinsurers are consequently reassessing their view of risk and appetite for natural catastrophe exposures, as macroeconomic conditions drive insurers to seek additional risk transfer capacity, resulting in a supply / demand mismatch that will continue...
MS Amlin strengthens its Singapore team with six new hires
The new appointments will bolster MS AAP’s underwriting and claims expertise, with four hires to the Reinsurance division and an additional hire to the Political Violence, Trade Credit and Political Risks team London: MS Amlin Underwriting Limited (MS AUL), the...
Industry headwinds fail to dampen ILS Success, Aon Report
The study reveals that ILS capital remained relatively stable at $95 billion through June 30 – a reduction of approximately 2 percent relative to the $97 billion recorded in the prior-year period. CHICAGO: Aon plc in its annual report, published today, about the...
Global reinsurance capital down, profits and solvency up at H1 2022: Gallagher Re Report
Total global dedicated reinsurance capital of $647 billion at the half year reflects a decrease of $82 billion versus the end of 2021. The most important driver is $78 billion of realised and unrealised investment losses due to the sell-off in fixed income and equity...
Howden launches ‘World-First’ voluntary carbon credit insurance product, to help scale the market
Capacity comes from the Lloyd’s market, with Nephila’s Syndicate 2357 as the lead market Charlie Langdale, Head of Climate Risk and Resilience at Howden, says: “For the voluntary carbon market to grow to $50bn by 2030, buyers need to be able to trust that the carbon...
17 states weigh adopting California’s electric car mandate
Under the Clean Air Act, states must abide by the federal government's standard vehicle emissions standards unless they at least partially opt to follow California's stricter requirements. Among them, Washington, Massachusetts, New York, Oregon and Vermont are...
Pakistan: More than 6.4 million in ‘dire need’ after unprecedented floods
With 1.1 million houses washed away and vital infrastructure destroyed such as schools, UNICEF’s Representative in Pakistan, Abdullah Fadil, explained that “ 18,000 schools have been destroyed and thousands of schools are now fully shuttered… So that means children...