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Convex financial lines head Hopper exits after launching book in 2020
Convex joined the financial lines space at the height of a hard market, when capacity was scarce.
Samuel Casey
,
15 November 2022
Allianz Re CUO Störmann to retire in June 2023
Thorsten Fromhold has been appointed to the new role of chief group reinsurance buyer.
Rachel Dalton
,
15 November 2022
COP27: African facility launched with $14bn to cover climate risks
The Africa Climate Risk Facility was unveiled at COP27 with aims to underwrite $14bn of cover for 1.4 billion people by 2030.
Marcel Le Gouais
,
15 November 2022
Citizens’ loss estimate surges over $1bn to $3.8bn based on second model
The new loss pick takes into account litigation and inflation costs, as well as claims activity to date.
Samuel Casey
,
15 November 2022
AIG’s Zaffino stands to net $50mn bonus at end of five-year term
The CEO’s annual salary and short- and long-term incentive targets have increased.
Rachel Dalton
,
15 November 2022
Liberty Mutual promotes Gosselin to global energy leader
Mike Gosselin has spent 21 years at Liberty Specialty Markets, most recently as CUO for specialty lines.
Aisling Finn
,
15 November 2022
BOC Aviation sues 16 insurers over Russia losses
In its annual report published earlier this year, BOC revealed it was pursuing a claim for aircraft worth $589mn stranded in Russia.
Aisling Finn
,
15 November 2022
Marsh promotes Adamantiadis to Continental Europe CEO
Christos Adamantiadis succeeds outgoing CEO Siegmund Fahrig, who will retire at the end of the year.
Aisling Finn
,
15 November 2022
Ascot process reboot unlikely near term as Blackstone deal called off
Management are now likely to focus on growing the business given the turn in market conditions, rather than rebooting the process immediately, sources said.
Catrin Shi
,
15 November 2022
Lloyd’s grants Antares’ Bermudian unit coverholder status
The move comes after Antares Syndicate 1274 secured a 16% stamp capacity increase for 2023.
Rachel Dalton
,
15 November 2022
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