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Aon’s Mike Van Slooten has suggested the reinsurance market will become “more flexible” in 2027 as global reinsurer capital reaches a record $800 billion, with strong sector profitability continuing to support capacity and giving buyers greater scope to reassess their programmes. Van Slooten, Head of Market Analysis, Reinsurance at Aon, made the comments during an…
Manuel Arrivé, Head of EMEA Reinsurance Ratings at Fitch Ratings, said the growth of data centres and digital infrastructure in general presents both an opportunity and significant risk for reinsurers due to potential exposure, accumulation risk and modelling challenges. During Fitch’s 2027 Global Reinsurance Outlook webinar, Arrivé noted that reinsurers tend to take a very…
Gallagher, the global insurance broking and risk management group, has strengthened its Private Equity and M&A (PEMA) operation in EMEA with the appointment of Paul Jeroen van de Grampel as Chief Commercial Officer EMEA. Based in London, van de Grampel will work across the EMEA region as Gallagher continues to develop its specialist offering for…
Swiss Re, the global reinsurance company, has examined how evolving cyber threats and gaps in insurance protection are influencing the market and its prospects for future growth in its latest analysis of the cyber insurance sector. Swiss Re’s assessment suggests that while the factors driving growth within the cyber insurance market have changed relatively little…
MS Transverse, a specialty insurance platform that works with programme administrators and managing general agents (MGAs), has strengthened its Board of Directors with the appointment of Michael Angelina, Bryan Sanders and Kevin Traetow. The company said the three appointments add significant experience in specialty insurance, reinsurance, actuarial work, underwriting and strategic management to its board…
Descartes Underwriting, a global provider of parametric re/insurance solutions for climate and emerging risks, and Generali Global Corporate & Commercial (GC&C), the business unit of Generali Group that provides insurance solutions and services to medium-large companies, have renewed their long-term strategic partnership. Building on their collaboration, which began in 2019, the agreement establishes a long-term…
Marsh, a global professional services firm, has announced the appointment of Laurent Rousseau as Head of International, Marsh Re, effective immediately. In this expanded role, based in London, Rousseau will lead Marsh Re’s Asia, Pacific, Latin America and Caribbean regions in addition to Europe and IMEA. He will also retain global leadership of Capital and…
domusIQ Inc, an AI-powered analytics platform for commercial real estate, has launched domusIQ Risk Holding (Bermuda), a global risk, advisory and capital services business providing data-led, technology-enabled risk management and insurance solutions to commercial real estate owners worldwide. Donald Harrell will lead domusIQ Risk Holding (Bermuda) as Global Chief Executive Officer, Insurance. Harrell brings more…
Reports have emerged suggesting that Samsung Fire & Marine Insurance and Samsung Life Insurance, both part of South Korea’s Samsung Group, are planning to acquire an additional 50% stake in specialty and P&C re/insurer Canopius for more than 2 trillion won ($1.47 billion). The Korea Economic Daily was the first to report the news, citing…
Verisk, a strategic data analytics and technology partner serving the global insurance industry, has introduced a new US Data Center Exposure Database aimed at helping insurers, reinsurers and brokers assess the growing concentration of physical assets associated with data centre infrastructure. The database, developed by Verisk, covers more than 2,500 data centre facilities across the…