Frequency of events is the main driver of insured loss accumulation, with severe convective storms accounting for a record high of US$64 billion in 2023
Ahmad, who will start his new position in mid-April, will be responsible for all pricing solutions, driving strategy and development across Verisk.
This partnership marks another step for Cytora in building a comprehensive data ecosystem for the insurance industry, following its collaboration with Chubb and the integration of Large Language Models into its platform.
Pool Re’s proposals to convert its reinsurance arrangements from the current facultative obligatory treaty to an annual aggregate catastrophe excess of loss treaty will take effect in April 2025.
BMS has added Tom Spraggs, Richard Austwick and Tom Woolcott to its financial and professional risks division.
The insurance broker says that the facility provides up to US $825 million in insurance capacity and will support organisations with digital assets held offline
The new consortium offers brokers lead line capacity up to US$75 million per vessel, addressing the growing need for lead capacity as the shipping industry moves towards greener solutions and expands naval construction.
Emmanuel Clarke, formerly president and CEO of PartnerRe, joins Cytora to support the firm’s global growth
