Reinsurance

Aon has appointed Renuka Nar as head of broking and Neha Shah as chief actuary of the new unit

The recent wildfires in Los Angeles could use up more than 30 per cent of the natural catastrophe budgets set by Europe’s largest reinsurers for 2025, according to Fitch Ratings

“Given the severity of recent wildfires in Los Angeles, the reinsurance market in California is expected to become even more challenging,” says Ming Li, partner, EVP, and global head of catastrophe modelling at Acrisure Re

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

The deal covers Zurich’s French discontinued motor and architects & engineers (A&E) professional indemnity portfolios

Facultative reinsurance is evolving from a transactional tool to a strategic resource for achieving objectives, filling treaty gaps, and managing risk in a volatile market, according to WTW's latest report

Chariot Re will be launched in the first half of 2025 as a Class E Bermuda-based life and annuity reinsurance company