Around the 25th Baden-Baden Reinsurance Meeting, as the market prepares for the key January 1st renewals, Nikhil da Victoria Lobo, Head of P&C Reinsurance for Western & Southern Europe and Middle East & Africa at reinsurer Swiss Re, highlighted how artificial intelligence (AI) and emerging technologies are reshaping the reinsurance landscape.
The introduction of the first 144A cyber catastrophe bond transactions in the final quarter of last year was an important step in the development and advancement of the broader cyber risk transfer market, according to Damini Mago and Alice Woolley of Moody’s RMS.
Financial Results, P/C Insurers
RiverStone International, a global provider of legacy solutions, has announced the appointment of Charlotte Pritchard as UK CEO, effective 5 January, subject to regulatory approval.
In a tumultuous year marked by an extraordinary surge in catastrophic events, Canada grappled with insured losses totaling a staggering CAN $3.1 billion in 2023, as reported by CatIQ.
Cyber Risks, E&O, Mergers and Acquisitions, Technology Brown & Brown
Digital home insurance provider Kin has surpassed $100 billion in total insured property value, a milestone that highlights the company’s growth in consumer based and increased profitability.
Specialty insurance carrier Relm Insurance has officially launched its own managing general agent (MGA) in the US, licensed in all 50 states with locations in Miami, New York and Pennsylvania.
Agents and Brokers, Construction, Excess and Surplus Lines, P/C Insurers Alliant Insurance, Aon, Liberty Mutual
Japanese insurer Mitsui Sumitomo Insurance (MSI), owner of Lloyd’s of London underwriter MS Amlin, is investing in the UK hub as it announces its plans to increase its underwriting capacity to £3 billion in the next five years.
