Munich Re
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US severe thunderstorms caused insured losses of $17bn during the first half. -
The loss comes hard on the heels of a large BI claim stemming from the Freeport LNG refinery.
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With more than 25 years of industry experience, Karen Rzeszutko will lead the inland and ocean marine underwriting teams.
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Dual’s crisis management team joined from Swiss Re in July 2021.
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Scor has appointed Vanessa Contreras, its deputy team leader for professional lines, to Haynes’ old role overseeing all of US casualty.
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The new coverage marks the first time that sovereign debt repayments have been protected by a parametric catastrophe clause.
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Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
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Munich Re’s venture capital arm Munich Re Ventures has closed a $500mn Munich Re Fund II to invest in early-stage companies.
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The ransomware surge is likely to lead to changes in the product, a shake-up in market share and challenges for MGAs.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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HDVI is planning to launch in Illinois, Indiana, Ohio, and Minnesota, on top of its existing presence in Tennessee and Alabama.
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The new unit will place cover for clients trading between the US and Canada.
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