Reinsurance
COP26 Blog: Climate change and the regulatory landscape
With a growing trend towards compliance with climate-related reporting standards and a flurry of other regulatory proposals in the post, companies and their insurers will be forced to put green issues at the head of the agenda if they haven’t already…
COP26 Round up: Week one
Post rounds up the insurance news and announcements from the first week of COP26 in Glasgow.
COP26 Briefing: A tale of two insurance climate reports
Two reports released on COP26's finance day highlight mountains insurers – and others – have yet to climb in the climate challenge.
Oil and gas cover undermining climate efforts, says Insure Our Future as it scores insurers' climate policies
The global insurance industry is undermining efforts to meet climate targets by continuing to insure and invest in oil and gas production, the Insure Our Future campaign has said.
Annual investment into renewable energy needs to quadruple: Munich Re's Wenning
There needs to be a quadrupling in current investment in renewable energy, Munich Re CEO Joachim Wenning has noted as he called on countries to develop roadmaps through the transition.
Interview: Steve McGill, McGill and Partners
Having successfully launched the boutique specialist (re)insurance broker only two years ago CEO Steve McGill sets out the firm’s ambitious global growth plans, the ethos underpinning the relatively new start-up and reflects on his route through the…
Covéa to buy Partner Re; Lloyd’s joins net zero alliance; another record for insurtech investment; crime tops insurer concerns; and Flood Re on tour
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Protect Duty legislation impact to cascade through liability insurance value chain, warns Pool Re
Proposed legislation that will require the owners and operators of publicly accessible locations to mitigate the threat of terrorist attacks will have major implications for the entire liability insurance value chain, Pool Re chief underwriting officer…
Europe 'big enough' for us sets out Getsafe boss Wiens
Getsafe intends to keep its sights set firmly on Europe, founder and CEO Christian Wiens told Post as the business bagged its German insurance licence and a $93m capital raise.
CMA launches merger inquiry into Gallagher-Willis Re deal
The Competition and Markets Authority has opened a merger inquiry into Arthur J Gallagher buying Willis Towers Watson’s treaty reinsurance business looking at whether the proposed deal will lead to a lessening of competition in the UK market.
Rob Bredahl named Tiger Risk CEO as Rod Fox becomes chair
Tiger Risk Partners has appointed Rob Bredahl as CEO with founder and incumbent Rod Fox taking on the role of executive chairman.
Blog: The villain of the piece - Insurers cannot bear the risk of ESG change alone
Insurers have the opportunity to help drive global change but they cannot do it alone, blogs Kennedys partner Fleur Rochester.
Covéa talks to buy Axa XL Re fall through: report
Covéa has failed to secure a deal to buy Axa XL Re, Post’s sister title has reported.
Blog: We are not responding fast enough to the climate change challenge
Climate change still remains the biggest challenge facing society, and we aren’t responding fast enough, writes Guido Fürer, group chief investment officer and member of the group executive committee, Swiss Re.
Pool Re names ex-BBA boss Angela Knight as chair
Pool Re has appointed Angela Knight as non-executive chair, subject to regulatory approval.
Healthy capital levels in reinsurance market, says Guy Carpenter
The reinsurance market had $531bn (£384bn) of dedicated capital at the middle of 2021, a $14bn increase on the end of 2020, Guy Carpenter has estimated in association with AM Best.
MS Amlin AG adds Michael Koller as CRO
MS Amlin AG has appointed Michael Koller as chief risk officer replacing Catherine Farnworth who is leaving after more than eight years with the business.
The top 30 European Insurers 2021: A turbulent time
The impact of Covid-19 saw the European non-life insurance market report a decline in gross written premium and profit after tax. Mathilde Jakobsen, director, analytics, Amsterdam, AM Best, analyses the numbers and reports on the movements in the ranking…
Rupert Moore to succeed Nick Frankland as UK CEO of Aon’s reinsurance solutions
Aon has appointed Rupert Moore to take over from Nick Frankland in leading its reinsurance solutions in the UK as part of a global management reshuffle.
Swiss Re signs $10m carbon removal deal to tackle climate change
Swiss Re has partnered with Climeworks in a $10m (£7.3m) deal over 10 years to combat climate change using direct air capture and storage of carbon dioxide technology.
Marsh and Citi support vaccine efforts; Hudson takes majority Occam stake; Simply Business in Barclays tie up; Aston Lark strikes Irish deal; RAC picks Premium Credit
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Swiss Re appoints Jason Richards as UK and Ireland CEO
Swiss Re has named Jason Richards as country president and CEO of UK and Ireland effective 1 January 2022.
Willis Re buy a growth not a synergy story, say Gallagher chiefs
The up to $4bn (£2.9bn) purchase of Willis Re will be a manageable integration costing $250m over three years, according to the leaders of Gallagher.
Analysis: Europe's costliest weather event
Floods caused by torrential rain across western and central Europe in July are likely to become the continent’s costliest weather event, raising the question of how prepared at-risk communities and insurers are to deal with the onset of climate change.