The insurance-linked securities (ILS) market reached a record capacity of US$107 billion by the end of 2024, driven by retained earnings and new capital inflows, according to a recent AM Best report
Property catastrophe renewals on 1 January were oversubscribed as reinsurer appetite exceeded demand, leading to risk-adjusted rate reductions of 5-15 per cent for non-loss-impacted programmes
Heather Legg joins the firm from Validus Reinsurance, where she worked for five years, most recently as chief agent for the Canadian branch
Howden Re Japan will provide reinsurance brokerage services to life and non-life companies in addition to strategic advice leveraging data, analytics and capital markets expertise for the Japanese market
Guy Carpenter has launched the Capital & Advisory group as part of its Global Capital Solutions and has appointed Alexander Schnieders as global head of the new division.
The new division will provide solutions and guidance to healthcare providers and their insurers, and provide access to BMS’s broad range of insurance, reinsurance and risk management services and products.
In his new role, he will direct BMS Re’s operational expansion, from digital and technological capabilities to collaboration with its London and Bermuda offices.
Previously, he led European broking solutions at Guy Carpenter for more than three years.
With its popularity soaring, CIT takes a look at the mutual insurance arrangement to see why it is a viable option for retailers and even football clubs
