Your weekly re/insurance round-up, ending October 6th 2023

This week, global insurance group Howden unveiled a new brand, bringing together its global broking operations under one name, while former Tremor founder?Sean Bourgeois launched an insurance communications platform called fuse.

As news of a potential takeover of Aviva emerged,?analysts noted that while rumours are unsurprising, an acquisition of the whole Group seems unlikely.

Elsewhere, Aon signalled it is looking to enhance its risk capital capability offering in India with the acquisition of Global Insurance Brokers, and?PPL disclosed it has successfully switched to its Next Gen platform.

In other developments, French reinsurer?SCOR exercised its call option to buy 9m of its shares held by Covéa, and?Boost Insurance entered into a strategic partnership with Canopius US Insurance Holdings.

Canadian P&C insurer Definity ?reported estimated catastrophe losses for Q3 of CAD122m,?leading to the full erosion of its catastrophe aggregate reinsurance treaty limit for the year.

Meanwhile, in its H1 results,?Hong Kong-based Peak Re posted a net profit of $160m, up substantially from a?net loss of $103m last year.

Turning to key appointments,?Generali announced that Giulio Terzariol will join the firm as CEO Insurance, while?Guy Carpenter named Blake Dimitrijevic as Head of Capital Advisory, Asia Pacific.

Arch Group ?promoted Seamus Fearon to CEO, International Mortgage, and?Verisk made two new hires to drive growth in the UK insurance market.

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!