Peak Re has appointed Mr David Menezes as chief risk officer. His responsibilities include ensuring regulatory and legal compliance, a comprehensive understanding of risks and exposures and safeguarding the company's financial strength. He joined Peak Re in 2016 and has been serving as deputy chief risk officer since 2022.
Life insurance premiums in emerging markets, including those in Asia, will grow by 7.2% in real terms in 2024, with just 1.5% aggregate growth in advanced markets, says Swiss Re Institute (SRI).
Chedid Re Global Operations, the reinsurance broker network of investment group Chedid Capital, has appointed Mr Vincent Vandendael as independent non-executive director.
There is good potential for the growing institutional and private wealth investor base in Asia, including Singapore, to invest in insurance linked securities (ILS), according to Mr Lim Cheng Khai, executive director of the Financial Markets Development Department of the Monetary Authority of Singapore (MAS).
Paris-headquartered CCR RE has been profitable since its creation as a stand-alone company in 2016, with earnings from both underwriting and investment activities. Since inception, the company has experienced strong growth, notes AM Best.
Schroders Capital, the private markets business of Schroders Group, has launched an innovative tokenisation pilot designed to enhance the way insurance-linked securities (ILS) investments are invested and managed. The proof of concept was a collaboration with global reinsurance company, Hannover Re.
Cover-More Group has appointed Mr David Fike as CEO.
A majority (76%) of IT and cyber security leaders have invested in cyber defences to qualify for cyber insurance according to a new global survey by Sophos, the cyber security solutions company.
Without insurance, businesses "will be unable to reach their net-zero transition goals or become resilient in the face of the changing climate", according to a whitepaper by Howden and BCG, titled The bigger picture.
Mid-year renewals have further consolidated the positive trends at 1 January and 1 April 2024, setting the stage for a more competitive reinsurance market in 2025, said Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions.