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Natural catastrophes cause US$108 billion in insured losses in 2023
27 March 2024
Reporter Diana Bui

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 joins Verisk SBS as director of pricing solutions
27 March 2024
Reporter Diana Bui

Ahmad, who will start his new position in mid-April, will be responsible for all pricing solutions, driving strategy and development across Verisk.

Cytora and Chimnie partner on AI-powered risk assessment for home insurance
27 March 2024
Reporter Diana Bui

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 modernises terrorism reinsurance scheme
26 March 2024
Reporter Diana Bui

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 strengthens its Finpro division with three key hires
26 March 2024
Reporter

BMS has added Tom Spraggs, Richard Austwick and Tom Woolcott to its financial and professional risks division.

Marsh launches new facility providing insurance cover for digital custodians
26 March 2024
Reporter Jack McRae

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

Apollo launches marine builders’ risk consortium
25 March 2024
Reporter Diana Bui

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.

Cytora welcomes Clarke to its global advisory board
19 March 2024
Reporter Klea Neza

Emmanuel Clarke, formerly president and CEO of PartnerRe, joins Cytora to support the firm’s global growth

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