Reinsurance
CMA launches merger inquiry into Gallagher-Willis Re deal
The Competition and Markets Authority has opened a merger inquiry into Arthur J Gallagher buying Willis Towers Watson’s treaty reinsurance business looking at whether the proposed deal will lead to a lessening of competition in the UK market.
Rob Bredahl named Tiger Risk CEO as Rod Fox becomes chair
Tiger Risk Partners has appointed Rob Bredahl as CEO with founder and incumbent Rod Fox taking on the role of executive chairman.
Blog: The villain of the piece - Insurers cannot bear the risk of ESG change alone
Insurers have the opportunity to help drive global change but they cannot do it alone, blogs Kennedys partner Fleur Rochester.
Covéa talks to buy Axa XL Re fall through: report
Covéa has failed to secure a deal to buy Axa XL Re, Post’s sister title has reported.
Blog: We are not responding fast enough to the climate change challenge
Climate change still remains the biggest challenge facing society, and we aren’t responding fast enough, writes Guido Fürer, group chief investment officer and member of the group executive committee, Swiss Re.
Pool Re names ex-BBA boss Angela Knight as chair
Pool Re has appointed Angela Knight as non-executive chair, subject to regulatory approval.
Healthy capital levels in reinsurance market, says Guy Carpenter
The reinsurance market had $531bn (£384bn) of dedicated capital at the middle of 2021, a $14bn increase on the end of 2020, Guy Carpenter has estimated in association with AM Best.
MS Amlin AG adds Michael Koller as CRO
MS Amlin AG has appointed Michael Koller as chief risk officer replacing Catherine Farnworth who is leaving after more than eight years with the business.
The top 30 European Insurers 2021: A turbulent time
The impact of Covid-19 saw the European non-life insurance market report a decline in gross written premium and profit after tax. Mathilde Jakobsen, director, analytics, Amsterdam, AM Best, analyses the numbers and reports on the movements in the ranking…
Rupert Moore to succeed Nick Frankland as UK CEO of Aon’s reinsurance solutions
Aon has appointed Rupert Moore to take over from Nick Frankland in leading its reinsurance solutions in the UK as part of a global management reshuffle.
Swiss Re signs $10m carbon removal deal to tackle climate change
Swiss Re has partnered with Climeworks in a $10m (£7.3m) deal over 10 years to combat climate change using direct air capture and storage of carbon dioxide technology.
Marsh and Citi support vaccine efforts; Hudson takes majority Occam stake; Simply Business in Barclays tie up; Aston Lark strikes Irish deal; RAC picks Premium Credit
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Swiss Re appoints Jason Richards as UK and Ireland CEO
Swiss Re has named Jason Richards as country president and CEO of UK and Ireland effective 1 January 2022.
Willis Re buy a growth not a synergy story, say Gallagher chiefs
The up to $4bn (£2.9bn) purchase of Willis Re will be a manageable integration costing $250m over three years, according to the leaders of Gallagher.
Analysis: Europe's costliest weather event
Floods caused by torrential rain across western and central Europe in July are likely to become the continent’s costliest weather event, raising the question of how prepared at-risk communities and insurers are to deal with the onset of climate change.
Gallagher to buy Willis Re for up to $4bn
Gallagher has agreed to pay up to $4bn (£2.9bn) for Willis Re's treaty reinsurance brokerage operations, reviving the deal that was called off when Aon’s takeover of Willis Towers Watson collapsed.
Insurance Cyber Incident Tracker
Data rich insurance businesses have been warned they are a prime target for cyber criminals, with major firms facing up to cyber disruption and ransomware attacks. Who has been affected?
Willis Re 'only business' WTW exploring strategic alternatives for: Haley
Willis Towers Watson is exploring "strategic alternatives" for Willis Re but not other parts of the business, CEO John Haley said on Tuesday.
Hiscox shifts cyber insurance stance as it posts $133m H1 profit
Hiscox is seeking to cut its reinsurance exposure to cyber-attacks and refocus its retail cyber insurance portfolio on smaller businesses amid the global surge in ransomware attacks.
Aon share price soars as WTW and Gallagher’s dip after mega-deal termination
Aon’s share price rose as its mega-merger with Willis Towers Watson was terminated, while its deal partner and rival Gallagher’s fell.
WTW sells Irish arm to GRP; motor premiums hit five year low; Questgates acquires two firms and LV tops new customer experience report
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
View from the top video: Diversity and inclusion in insurance
In this exclusive interview recorded as part of the Insurance Post Live Annual Conference an expert panel described the D&I challenge in insurance.
Hiscox CEO Bronek Masojada to retire as insurer names successor
Hiscox CEO Bronek Masojada, who has been in post for 21 years, intends to retire at the end of the year.
View from the Top video: Tackling climate change - managing emerging risks and reducing carbon
In this exclusive interview recorded as part of the Insurance Post Live Annual Conference 2021 William McDonnell, group chief risk officer at RSA, addresses the risk that climate change poses to insurers.