Munich Re

Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.

She has served as interim CEO since January, after former CEO Michael Kerner was appointed as a board member.

Capitola operates as a digital market that connects brokers with carriers using AI for risk-appetite matching.

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Industry climate alliances have received allegations from conservative politicians and regulators in the US that such commitments are illegal group activities that violate antitrust laws.

The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector. 

Highlander has $300mn of insurance coverage, placed by Ed Broking and led by Munich Re Syndicate.

No successor will be named and some of Kuczinski’s responsibilities will be transferred to a new board division called GSI.

The year 2005, which featured the devastating Hurricane Katrina, remains the most expensive storm season.

The reinsurer said it will be “significantly more challenging” to hit EUR3.3bn 2022 profit target.

The carrier will no longer invest or insure contracts and projects directly relating to new oil and gas fields, new midstream oil infrastructure and new oil-fired power plants.

US severe thunderstorms caused insured losses of $17bn during the first half.