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Arch Insurance North America promotes First to president

Brian First was previously CUO of programs, property and specialty at Arch.

Aisling Finn, 01 December 2022
Warburg Pincus to buy K2 Insurance Services from Lee Equity Partners

The business is predicted to write $1.4bn this year.

Rachel Dalton, 01 December 2022
Hull and cargo losses come in below average in benign 2021: Iumi

Inflation and a full post-pandemic return to shipping are expected to impact future claims.

Samuel Casey, 01 December 2022
Reask names Schmid head of parametric products

David Schmid joins from New Re, where he spent 11 years, most recently as a senior structurer.

Aisling Finn, 01 December 2022
Covea forced to withdraw treaty FoTs following hail loss update

The reissue of terms comes amid a tough European property cat market.

Rachel Dalton, 01 December 2022
Nat cat losses of $115bn in 2022 exceeded 10-year average again: Swiss Re

The reinsurer emphasised the need for improved secondary peril models including predictive capabilities.

Liz Bury, 01 December 2022
Convex Re hires Axa XL’s Simons as deputy CEO

The company has also promoted Richard Slater to CUO.

Rachel Dalton, 01 December 2022
Howden takes 100% stake in Australian broker AlphaXO in latest acquisition

The broker specialises in a broad range of marine coverage in the Pacific region.

Samuel Casey, 01 December 2022
Axa XL promotes Richardson to head of healthcare in Bermuda

Prior to her promotion, Kareen Richardson was a vice president, senior underwriter, in Axa XL’s excess casualty team.

Aisling Finn, 01 December 2022
Munich Re pegs North Atlantic storm losses at $110bn with $65bn insured

The year 2005, which featured the devastating Hurricane Katrina, remains the most expensive storm season.

Samuel Casey, 01 December 2022

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