[ad_1] Munich Re’s Risk Management Partners is teaming with CGI, the business and IT consulting services firm, in a move that is set to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation. This partnership between the two firms will combine Munich Re’s Location Risk Intelligence Platform with CGI’s climate … Read more
[ad_1] The June 1 and July 1, 2024, reinsurance renewals revealed sufficient capacity to meet increased demand, with an additional $5 billion available for US insurers covering catastrophe-exposed properties compared to last year, according to insurance and reinsurance broker Aon. Aon’s mid-year 2024 report highlights that this extra capacity brought the total market available to … Read more
[ad_1] Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Christoph Müller as Country Manager, Insurance for Switzerland. In his new role, Müller will report directly to Ralph Brand, President of Continental Europe Insurance at Sompo. Brand expressed enthusiasm for Müller’s appointment, stating, “Christoph is an … Read more
[ad_1] Independent specialist re/insurance broker Miller has made three new hires in its Solicitors’ Professional Indemnity (PI) team, namely Calum MacLean, Chris Jones and Tom Davies. All will report to Zarina Lawley, Head of Legal Services. Calum MacLean joins as a Risk Manager, bringing over 20 years of experience in the legal and insurance sectors, … Read more
[ad_1] Global advisory, broking, and solutions company WTW has revealed the introduction of IMI Plus, an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth managers, hedge funds, private equity firms and real estate strategies. As per WTW, IMI Plus ensures “thorough and unified” risk management … Read more
[ad_1] Global insurance intermediary group Howden has reached an agreement to acquire the AGEO brokerage group, an independent Employee Benefits insurance broker headquartered in Paris. Founded in 1984 by Eric and Maryse Oziebala, AGEO specialises in Employee Benefits, health insurance, policy administration and claims management platform, Retirement & Pensions services and boutique P&C capabilities. According … Read more
[ad_1] A new report from Gallagher Re has observed that reinsurers overall maintained a healthy appetite and stable capacity for US Casualty lines at the July 1 renewals. Commenting on the US general third party liability segment of the casualty insurance space, Gallagher Re noted that loss trends remain elevated, and as a result, volatility … Read more
[ad_1] Re/insurance broker Arthur J. Gallagher & Co. has acquired California-based Cornerstone Commercial & Personal Insurance Services, Inc. (Cornerstone) in an undisclosed transaction. Cornerstone has been serving both commercial and personal clients, particularly in San Bernardino and Riverside counties in California. The agency’s specialisation in commercial real estate, construction, and homeowners associations is expected to … Read more
[ad_1] Howden, a global insurance intermediary group, has entered the Japanese market with the launch of Howden Re Japan, and also announced a new insurance-linked securities (ILS) partnership with Keystone ILS Capital, a boutique consultancy focused on catalysing more active use of ILS in Japan. With Kentaro Tada as Chief Executive Officer (CEO), Howden Re … Read more
[ad_1] Industrial generative AI company, Zapata Computing Holdings Inc., and KPMG UK, an audit, tax, and advisory services firm, have completed a successful client project to streamline the compliance models of an international insurance firm. By leveraging Zapata’s analytics, optimization, and generative AI capabilities, the project aims to transform the client’s risk, operations, and compliance … Read more