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Christopher O’Connor named Head of Professional Liability and Cyber, North America at AIG

Christopher O’Connor has been appointed Head of Professional Liability and Cyber, North America at AIG. As Reinsurance News understands, this is an internal promotion, with O’Connor having been with AIG for over 15 years. He joined AIG in November 2010 as an Underwriting Analyst, before going on to lead AIG’s Financial Institution Cyber business. Most…

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Climate-driven SCS to reshape how insurers price risk: First Street

Severe convective storms (hail, damaging wind, and tornadoes) have become the costliest insured peril of the 21st century, reshaping how insurers, investors, and asset owners price risk, new First Street analysis reveals. In 2025, SCS generated approximately $82 billion in global economic losses, which accounted for nearly one-third of all worldwide natural catastrophe losses and…

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Munich Re CEO says P&C demand will continue to rise as market moves towards balance

Christoph Jurecka, Chief Executive Officer (CEO) of Munich Re, one of the world’s largest global reinsurance companies, has said he expects demand for property and casualty (P&C) reinsurance to continue growing over the medium to long term, supported by rising levels of uninsured risk, emerging exposures, and the increasing impact of climate change. Last week,…

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