Hurricane Helene was the most destructive event of 2024, causing US$75 billion in damages and resulting in 243 fatalities when it made landfall in the US in September. It was closely followed by Hurricane Milton in October, which contributed US$20 billion to insured losses. Overall, the United States accounted for 78% of global insured losses, … Read more
Since joining Arch in 2015, Nema has led efforts to enhance the company’s infrastructure, implement enterprise-wide security measures, and integrate shared service desk operations. His work has focused on aligning IT investments with Arch’s strategic priorities, ensuring cost efficiency and operational resilience.
The news of the job cuts comes as Munich Re shares experienced an uptick, rising 3.9% on the Xetra stock exchange and 4% on the Börse Frankfurt, trading at €521.20 and €522.60, respectively. Looking ahead, the company forecasts €59 billion in insurance revenue for 2024.
For the fiscal year ending March 31, 2024, Malaysian Re’s net profits saw a significant increase, driven by improved claims experience, higher investment returns, and the success of its ongoing business remodeling and portfolio remediation efforts. Higher domestic interest rates further supported investment income, a key contributor to overall earnings.
Eric Herman has been named group head of underwriting performance management, a newly created role based in Iselin, New Jersey. Reporting to group chief operating officer Elizabeth Johnson and group chief underwriting officer Mark Pepper, he will work across Ascot’s functions to analyze market trends, optimize business portfolios, and guide the allocation of group capital.
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Jump to winners | Jump to methodology One for all, all for one “If you back off from your DE&I commitment right now, you’re sending a very strong message to your employee base that you’re only there to support when it’s convenient to do so,” says Aaisha Hamid, vice president of diversity, equity, and inclusion at … Read more