Ping An increases its green investment targets
Ping An Insurance (Group) Company of China, Ltd. aims to achieve overall targets with green investment and credit of RMB400 billion by 2025.
Biodiversity risks a growing concern for businesses
Agents and Brokers, Asbestos & Environmental, Current Issue, Energy, Excess and Surplus Lines, P/C Insurers, Risk Management Alliant Insurance, Allianz, Aon, Axa, Marsh & McLennan, Munich Re, Willis Towers Watson, Zurich
Inigo, Johnson & Johnson backed Motion Specialty becomes Lloyd’s coverholder
Motion Specialty has been approved as a Lloyd’s of London coverholder, having been founded by Dan Alpay and Alex Kickham with the support of wholesale US broker Johnson and Johnson, and writing on behalf of Lloyd’s Syndicate 1301, managed by Inigo Ltd.
Toa Re America recruits Chief Agent of Canada from PartnerRe
Toa Re America (TRA), the North America arm of Japanese group Toa Reinsurance Company, has announced the appointment of Jing Gong as Senior Vice President, Chief Agent of Canada.
Vantage appoints Livingstone as SVP for Credit, Mortgage, & Structured Re/Insurance
Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Paul Livingstone as Senior Vice President for Credit, Mortgage, and Structured Re/Insurance.
Reinsurance buyers look for rate relief on property cat exposures
Agents and Brokers, P/C Insurers, Property, Reinsurance Arthur J. Gallagher & Co., Everest Re, Guy Carpenter & Co., Munich Re
LSM names Nelson active underwriter of Syndicate 4472
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the appointment of Henry Nelson as active underwriter, subject to regulatory approval.
PERILS estimates final industry loss of NZ $2.174bn from Cyclone Gabrielle
PERILS, the independent Zurich-domiciled catastrophe insurance data provider, has disclosed its fourth and final insurance industry loss estimate for Cyclone Gabrielle of NZ $2.174 billion.
Captive firms extend options for smaller companies
Agents and Brokers, Alternative Risk Transfer/Captives, P/C Insurers Alliant Insurance, Marsh & McLennan
Gaffigan becomes Lockton’s U.S. Market Strategy and Engagement Group Leader
Vincent J. Gaffigan has been appointed U.S. Market Strategy and Engagement Group Leader at Lockton, reporting to Devin Beresheim, Lockton U.S. Risk Solutions Leader.
Arch to acquire insurtech MGU Ventus
Mergers and Acquisitions, P/C Insurers, Technology Alliant Insurance
Insurers steadily increasing their private credit holdings continued throughout 2023: AM Best
According to credit ratings agency AM Best, a decade-long trend of insurers moderately increasing their private credit holdings continued to be seen throughout 2023, comprising 44% of the bonds held within the insurance sector, compared with approximately 27% in 2013.
