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Fitch Ratings has changed its outlook on Hannover Re, one of Europe’s big four reinsurers, and its subsidiary E+S Rückversicherung AG (E+S Re) from Stable to Positive, while maintaining both companies’ Insurer Financial Strength (IFS) Ratings at ‘AA-’. The decision reflects Fitch’s assessment of Hannover Re’s financial resilience, strong capitalisation and competitive standing in the…
CRC Group, an independent wholesale specialty insurance distributor, has appointed Christina Becht as Senior Underwriting Team Leader at CRC Specialty. This appointment aligns with CRC Specialty’s long term plan for continued investment in attracting professionals with strong technical knowledge, diverse industry experience, and a commitment to exceptional service. In her new role, Becht will be…
Members of the UK P&I Club and TT Club have voted in favour of a merger that will bring together two mutual insurance organisations serving different parts of the global transport industry. The UK P&I Club provides protection and indemnity insurance for shipowners and charterers, while TT Club specialises in insurance and risk management for…
Compre Group Holdings Limited, the Bermuda-domiciled international specialty reinsurance group, has announced the promotion of Davin Patel to Chief Risk Officer (CRO) and Thuan Ho to Chief Actuary, Pricing. Patel, whose appointment is subject to the necessary governance and regulatory approvals, initially joined Compre as one of its first actuaries in 2016, and has played…
Financial services company Jefferies has reviewed German-based, global insurance and reinsurance group Munich Re’s prospects against a backdrop of weakening reinsurance prices. Jefferies has maintained its Hold recommendation on Munich Re but cut its price target from €600 to €550. The company said the revised valuation reflects a higher level of execution risk as underwriting…
If you’ve noticed more scam calls and increasingly convincing phishing emails recently, you’re not alone. The UK National Cybersecurity Centre (NCC) itself has said that “scams are getting smarter, and some even fool the experts”. AI tools and voice cloning (where fraudsters use clips of someone’s voice to mimic a loved one on the phone) might make your online life…
What is it about cold weather? As soon as the bus windows start to fog up or a single glitter of frost falls, I exclusively crave food that could be cooked in a cauldron. We’re talking porridge, soups, and stews, people! My slow cooker’s been unpacked, and that pack of slightly crumbling bay leaves has…
The Celebrity Traitors is back for a second season, and has already delivered backstabbing, accusations and suspicions among its famous cast. While any series of Traitors guarantees plenty of tension, there’s something about the celebrity version in particular that just feels so much more sinister. From episode one, Ross Kemp was suspicious of his fellow…
The current season of Slow Horses has once again won over both critics and viewers – but if you’re not familiar with the original book series, there’s a moment in the latest episode that will undoubtedly have hit like a bolt from the blue. Now, if you haven’t watched the episode yet, we’re going to…
MISSION, the MGA Capital Partner, has launched Trevanti, a specialist surety managing general agent (MGA) based in France, led by Jean Lowe as CEO. As the company’s first MGA in Continental Europe, this launch marks an important milestone in MISSION’s international expansion and further strengthens its growing portfolio of specialist underwriting businesses. Ross Dingwall, CEO…