Your weekly re/insurance round-up, ending May 19th 2023

A fresh wave of results from some of the largest re/insurers flooded in this week, alongside a host of industry developments and hires.

Munich Re?saw profits dip in Q1 as nat cats drove above-average losses.?Talanx?and?Zurich?reported increased income, and?AXA?disclosed GWP of €31.8 billion.

Elsewhere,?Convex?was hit by a negative investment return in its FY 2022 results, as?MS Amlin?saw a return to underwriting profit, despite a ￡144m net loss.

Sompo International's?underwriting income for 2022 was up 25%, and?Tokio Marine’s international?business posted 29.8% growth in net premiums.

In other developments,?Everest?announced it is raising?$1.5bn to target "hard market growth opportunity."

Meanwhile,?Aon?launched a climate innovation hub in Singapore, and?Howden?revealed that it is set to unify its business under one single management structure.

Turning to appointments, MGA?Ledgebrook?appointed a new Chief Operating Officer, while?Howden CAPbolstered it's surety division with three banking hires.

Lockton?named James Bannister as Head of Global War, Terrorism & Political Violence,?Cowbell?appointed Andrea Collins as Chief Marketing Officer, and?Juan Carlos Gomez was promoted to CEO of?BMS Re?Latin America and Caribbean.

Finally, James Turner joined?Acrisure Re?as Vice President, Corporate Advisory & Solutions, and?Karen Tan was named CRO Life & Health Reinsurance at?Swiss Re.

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!