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The SEADRIF Insurance Company has made payouts totalling US$1,137,500 to the Government of Lao PDR and the United Nations World Food Programme (WFP), following severe flooding that triggered both the country’s two-year parametric sovereign policy and WFP’s disaster resilience policy. The funding was triggered after intense southwest monsoon activity and low-pressure systems caused widespread flooding…

While discussions around pricing and rate adequacy are important, Tom Wakefield, Global Chief Executive Officer (CEO) of Gallagher Re, has said that in the reinsurance broker’s view, the most important conversations as the market heads to Monte Carlo are around the increased volume of capital and choice now available to buyers. Speaking this afternoon during…

Reinsurance capital continues to build, creating a favourable environment for insurers but placing greater pressure on reinsurers to demonstrate the value they bring to clients, according to Laurent Rousseau, CEO of Global Capital & Advisory, and Europe and IMEA at Marsh Re. Speaking ahead of the Monte Carlo Rendez-Vous, Rousseau said the continued growth in…

Hannover Life Reassurance Company of America (Hannover Re US) has appointed Sean Conrad as Vice President (VP) and Head of Traditional Life Pricing and Data Analytics, effective immediately. In his new role, Conrad’s remit within the traditional life solutions will include traditional pricing, data analytics, and accelerated underwriting. He will also support growth and the…

Strategic Risk Solutions (SRS), an independent insurance company manager, has announced that SRS Altitude has been approved as a Lloyd’s Coverholder. SRS Altitude is an independent entity under the SRS umbrella, specialising in Alternative Risk Transfer solutions designed to address the increasingly complex risk management challenges and needs of corporate clients across industries. SRS Altitude’s…