CFC introduces affirmative AI cover for intellectual property risks

CFC, a specialist insurance provider focused on emerging risks, has introduced affirmative artificial intelligence (AI) coverage as part of its Intellectual Property policy. The new wording is intended to provide greater clarity over how the policy responds to intellectual property claims involving AI. Businesses are increasingly using AI in the development, creation and commercialisation of…

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Holistic, enduring partnerships key as reinsurance capital grows: Hannover Re’s Althoff

As reinsurance capital is more abundant and client needs become increasingly complex, cedents are looking for holistic, enduring partnerships built on predictability and aligned profitability, Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, noted during Aon’s latest Capital Outlook panel. Anshuman Srivastava, Global Chief Broking Officer at Aon, questioned…

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Fathom makes UK region of flagship global catastrophe model freely available

Fathom, a specialist in flood risk modelling, has announced that the UK region of its flagship flood catastrophe model, Global Flood Cat, is now free to access. The move allows re/insurers, brokers and financial institutions to access validated, climate-conditioned flood risk data to support underwriting, capital allocation and risk management decisions. Acquired by Swiss Re…

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Reinsurance access remains critical to Florida market’s stability, says Morningstar DBRS

A new report from Morningstar DBRS has suggested that, given Florida’s significant hurricane exposure, continued access to “affordable and readily available” reinsurance will remain critical to the market’s long-term stability and financial strength. “Florida’s residential property insurance market has undergone a significant transformation after the severe disruption it experienced between 2020 and 2023,” the rating…

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Marsh and WEF call for place-based resilience to support insurability and reinsurance capacity

Marsh, a global insurance broking and risk management firm, and the World Economic Forum, an international organisation focused on public-private cooperation, are calling for greater investment in place-based resilience to support insurance and reinsurance availability and affordability as climate-related losses increase. According to Marsh and the World Economic Forum, insurance and reinsurance markets are increasingly…

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Howden appoints John Zern to senior Health and Benefits role in the US

Howden, the global insurance broker specialising in insurance, reinsurance and risk advisory services, has appointed John Zern as Vice Chair of Health and Benefits at Howden US. Zern will take on a senior leadership role within Howden’s US Health and Benefits business, where he will work on expanding the practice’s reach among employers and contribute…

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Bohnert named EMEA MD of Life Solutions, Strategy and Technology Group

Insurance and reinsurance broker Aon has announced the appointment of Dr. Fabian Bohnert as EMEA Managing Director of Life Solutions, Strategy and Technology Group, effective immediately. Based in Stuttgart, Bohnert will lead Life Solutions, including the firm’s PathWise platform, across Germany and the DACH region, overseeing advisory, capital and technology strategy to help clients address…

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