Zurich

Gaughan took over the leadership of SiriusPoint’s energy underwriting operation last year.

The Global Risks Report 2024, made in partnership with Marsh and Zurich, shows that extreme weather events, misinformation and disinformation are top risk severity concerns.

The carrier has made numerous energy and power appointments in recent months.

George Quinn has worked at Zurich for a decade and will oversee the completion of Zurich’s 2023 annual results.

In the US, growth was driven by property and motor lines, while Brazil and Mexico contributed most to the Latin America region’s growth.

The (re)insurer has proposed the acquisition of a 51% stake in Kotak Mahindra General Insurance Company for $488mn.

The top five insurers on the continent maintained their ‘clear dominance’ in terms of scale.

Dirk De Nil will step into the role following the retirement of Hanno Mijer, who has been CEO of Zurich Resilience Solutions since its inception in 2021.

Plus the latest people moves and all the top news of the week.

The commercial insurance CEO said carriers must communicate on the reasons for ongoing rate increases as the market bifurcates.

The carrier's combined ratio in P&C operations rose by 1.3 percentage points over the period, to 92.9%.

The Association of British Insurers has also appointed Clare Bousfield, CEO of retail and savings at M&G, as deputy president.