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Vagenende returns to Allianz Commercial as Benelux and Nordics MD

Elke Vagenende will lead the newly established region, completing Allianz’s leadership team across 11 regions.

Abbie Day, 11 October 2023
Digitalisation could cause up to 8 percentage point reduction in loss ratios: Swiss Re

The report also stated that digital technology could generate savings of 10%- 20% in other processes in the value chain.

Abbie Day, 11 October 2023
Aon names Chaucer’s Mallen as head of strategic growth for casualty reinsurance

Mallen previously spent over 10 years at Chaucer, most recently as a US casualty reinsurance underwriter.

Aisling Finn, 11 October 2023
IAG reports A$120mn in H1 natural catastrophe claims

The carrier reported an additional A$70mn reinsurance reinstatement because of higher claims.

Aisling Finn, 11 October 2023
‘Rapid weakening’ for Hurricane Lidia after Cat 4 Mexico landfall

The storm made landfall on Tuesday night in the Mexican state of Jalisco.

Samuel Casey, 11 October 2023
Lloyd’s models $5tn global economic impact of food and water shocks

Extreme weather events leading to food and water shortages are largely uninsured, the Corporation warns.

Rachel Dalton, 11 October 2023
GC says it will defend ‘integrity of the market’ after poaching settlement

An internal missive, seen by Insurance Insider, also revealed Howden has agreed to a ‘set of demands to make amends’ in the wake of poaching settlement.

Aisling Finn, 11 October 2023
Indian InsurTech InsuranceDekho closes $60mn Series B funding round

Mitsubishi UFG Financial Group led the round, which also saw participation from BNP Paribas Cardif-backed Eurazeo and Goldman Sachs Asset Management.

Aisling Finn, 11 October 2023
FinSac, Helios and Hampden: The antecedents to a Lloyd’s gold rush?

The three new capital vehicles fundraising for a Lloyd’s play, coupled with some of the best underwriting conditions seen for years, have raised the prospect of a new age of investment in the market – but questions remain around execution.

Rachel Dalton, 11 October 2023
Hurricane Lidia intensifies to Category 4 ahead of Mexico landfall

Additional strengthening is possible before Lidia makes landfall on Mexico’s West-Central Coast, according to the most recent update from the National Hurricane Center.

Kyoung-son Song, 10 October 2023

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