Munich Re

Ransomware will remain the primary loss driver in 2023 in terms of threats for businesses and individuals.

The market veteran left Aegis London, where he was CEO from 2015, in June last year.

Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.

Aviva has said it is committed to the Net-Zero Insurance Alliance, in the wake of withdrawals from the group by Zurich, Munich Re and Hannover Re.

Hannover Re has followed Zurich and Munich Re in announcing its departure from the Net Zero Insurance Alliance, though it offered no explanation for its decision.

Capitola operates as a digital market that connects brokers with carriers using AI for risk-appetite matching.

Industry climate alliances have received allegations from conservative politicians and regulators in the US that such commitments are illegal group activities that violate antitrust laws.

Monica Tigleanu will be succeeded by Simone Hardy, who has been appointed senior underwriter, joining from The Channel Syndicate.

The executive will stand for election at RenRe’s AGM in May.

The longstanding Chaucer underwriter left when the carrier exited the FI market last year.

The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector. 

The release of Swiss Re, Munich Re, Hannover Re and Scor’s year-end reports provides an update on market conditions.