Your weekly re/insurance round-up, ending November 17th 2023

In this week's news,?Marsh McLennan announced a collaboration with Ukraine to provide insurance for Black Sea grain shipments, and Amwins ?completed a $1bn recapitalization transaction with its existing shareholder group.

Meanwhile, Arch MI said it is set to acquire RMIC Companies, and?Brookfield Reinsurance finalised its acquisition of Argo Group.??

As for the major results, Talanx posted a 38% rise in 9M net income, and?Aviva reported a 13% increase in 9M GWP.

Across the globe,?Sompo International saw an underwriting income of $340.6m in H1, while?MS Amlin disclosed a 91.6% combined ratio.

In other developments,?PwC highlighted how the Bermuda market is crucial in responding to growing geopolitical risks, and?Moody’s RMS estimated Hurricane Otis insured losses between $2.5bn-$4.5bn.

Howden Tiger and Swiss Re ?also concluded a strategic Loss Portfolio Transfer for KBIC.

As for the key people moves,?Howden named Jean Bayon de La Tour as International Head of Cyber, while Canopius Group appointed?Mark Newman as UK CEO.

Accelerant hired Gabriella Engstrand as Head of Distribution – Europe, and?AIG named Roshan Navagamuwa as its new EVP & CIO.

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!