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Willis Re, a global reinsurance broking and advisory business, has announced the appointment of Kyung Won to a senior leadership role in Asia Pacific, as the company looks to expand its regional operations and strengthen its business development capabilities. Kyung will be responsible for driving business growth across Asia Pacific and providing strategic oversight as…
The International Union of Aerospace Insurers (IUAI) has announced the formation of a new Reinsurance and Data Study Group (RDSG), broadening its technical scope. The new initiative brings together specialists from across the industry to develop aviation-related statistics, strengthen market understanding and share reinsurance expertise with its global membership. This initiative expands the Union’s technical…
Nigel Farage has been criticised for appearing on Russell Brand’s podcast two years ago, after the sexual allegations against the comedian had been made public. The Guardian reported that the Reform UK leader was a guest on Brand’s show in July 2024, alongside pro-Donald Trump supporter Dan Bongino and right-wing activist Charlie Kirk, who was…
Munich Re research published to coincide with COP 31 in Türkiye has found that weather-related disaster losses accounted for a higher average share of national income in 13 of the 20 countries studied over the past decade than in the first decade of the analysis. The global reinsurer compared losses from weather-related disasters, including floods,…
AM Best, an international credit rating agency specialising in the insurance sector, has identified improving underwriting results in the US commercial motor insurance market, following several years of sustained financial pressure. In its latest Best’s Market Segment Report, the agency highlights a reduction in annual underwriting losses and further improvements during the first half of…
Calls for the government to cut young people’s benefits in a bid to push them into work have been criticised for being far too extreme. Former Labour cabinet minister, Alan Milburn, will release his report into the one million 18 to 24-year-olds who are not currently in employment, education or training (also known as NEETs)…
The cast members of Rivals have been opening up about shooting one of season two’s most mortifying scenes. Earlier this week, the Jilly Cooper adaptation returned to Disney+ with three brand new episodes, one of which centred around an action-packed Bonfire Night party. And while there were plenty of fireworks thanks to the drama among…
QBE Re, the reinsurance division of global insurance group QBE, has announced the appointment of Alex Kogan as its Head of Accident and Health for North America, a newly created role. In his new position, Kogan will lead the strategic development and management of QBE Re’s North American A&H portfolio, and overseeing the A&H underwriting…
The accumulation of catastrophe losses across Latin America and the Caribbean could erode insurers’ retentions, earnings and capital, while prompting reinsurers to reassess pricing and capacity, according to Lucas Castagnino, CUO Latin America and the Caribbean at MS Reinsurance. Speaking to Reinsurance News, Castagnino warned that multiple events affecting the same portfolios were testing reinsurance…
Arch Capital Group Ltd., the Bermuda-based insurer and reinsurer, has appointed Daniel J. Houston as Chair of the company’s Board of Directors, succeeding John M. Pasquesi who has made the decision to step down as Chair. Pasquesi, who has been Chair since September 2019 and has also served as a director at Arch since 2001…