Global insurers

Industry veteran David Sapia will join the leadership team of expansion focused HDI Global.

Axa UK has appointed David Ovenden from Willis Towers Watson as CUO for its commercial business, a role where he will be tasked to deliver pricing and underwriting programmes and oversee a continual development of underwriting capabilities.

The regulator has published monthly claims data instalments following the conclusion of the test case into BI cover.

The nature of the hire demonstrates the level of competition for top talent in the sector.

From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.

QBE Europe’s new chief customer officer Andy Besant will report to Cécile Fresneau, managing director for insurance.

The Fidelis CEO said stochastic modelling was “pretty much meaningless” and failed to consider the impact of climate change.

The investment bank also said further insurance claims are being prepared.

“We do need to be careful about exuberance,” the CEO said, warning that complexities such as climate change and social inflation remain.

The quake caused building damage and downed power lines, leaving at least one person dead.

The carrier has non-renewed around $800mn of business in the past 18 months.

Reinsurers with third-party capital platforms said to be well-positioned for a return to growth in alternative capital.