Your weekly re/insurance round-up, ending February 2nd 2024

Fourth quarter and full year 2023 results dominated headlines this week, as RenRe , Chubb , AXIS , Markel , and Aon provided updates. ? ?

Financial results were also announced by RGA , The Hartford , Phoenix Group , Kemper ,?Selective Insurance , The Hanover , and Suncorp .

There was also a series of high profile appointments announced this past week, including a new role for?Dirk Spenner at Gallagher Re .?

Broker?BMS Re announced new co-CEOs , as?Continental Re hired a new?CUO – Treaty and Retrocession, and Ascot hired a new COO .?

Elsewhere,?Somerset Reinsurance named?Thomas Porter as its new CUO.

Also this week, Swiss Re's P&C CUO described 1.1 2024 as a much more normal review, while?Munich Re noted ongoing inflation concerns.?

Reinsurance News spoke with?Natraj Nukala, Founder of Kshema , about?investing in the Indian re/insurance market, and also with WRMS'?Anuj Kumbhat about the?global parametric insurance marketplace.

This week also saw?Guy Carpenter launch a?new cyber reinsurance product , while Moody's RMS commented on the pivotal cyber cat bond transactions. ?

Descartes?launched a new cyber risk parametric solution in France, and SCOR?bolstered its presence in the offshore renewable energy sector.

Finally, Fortegra Group announced the launch of its initial public offering.

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!