Your weekly re/insurance round-up, ending December 22nd 2023

We'd like to take this opportunity to wish all our readers, supporters, industry partners and good friends in the reinsurance community a very Happy Holidays!

In this week's most prominent news,?Lloyd’s announced it will remain at its headquarters until 2035 with plans for renovations, while Aon revealed it is set to acquire middle-market P&C broker NFP.

Elsewhere,?Aspen Insurance filed for a US IPO to “increase financial flexibility”, and?Allianz issued a €250m European windstorm catastrophe bond.

White Mountains' specialty P&C re/insurance subsidiary, Ark , sponsored a renewal of its $250m reinsurance sidecar for 2024, and?Ryan Specialty signed an agreement to acquire Castel Underwriting Agencies Limited.

In other developments,?Fidelis Insurance Group ’s CEO Dan Burrows said the firm is “well placed” to pursue market opportunities, and?Swiss Re ’s John Zhu highlighted divergent interest rates for 2024.

Meanwhile,?NormanMax received ‘in principle’ Lloyd’s approval to launch a parametric syndicate, and?DBRS Morningstar observed that?Red Sea attacks are placing pressure on war insurance premiums.

Turning to people moves,?DeNexus hired ILS expert George Mawdsley as Head of Risk Solutions, while?SCOR elevated David Sütterle and Damien Bartlett to new senior roles for 2024.

Everest appointed Glen Browne as Global Head of Accident & Health, and Peter Riihiluoma was named new SVP, Head of Specialty Reinsurance at Hamilton Re .

QBE Re also hired Swiss Re’s Guarnori as Head of Underwriting Oversight.

We’ll continue to update you with more coverage on the major developments from this week, while also keeping up with the regular news coming out of the re/insurance industry.

We hope all our readers stay safe and well this weekend!