Guy Carpenter: (Re)insurance sector remains resilient in challenging market

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Lara Mowery, the global head of distribution at Guy Carpenter, led the panel. She was joined by: Sebastian Cook, managing director and head of London Europe; Christopher Ross, managing director of treaty broking; Shiv Kumar, president of GC securities; Dr Jessica Turner, managing director for catastrophe advisory; and Erica Davis, managing director and global co-head of cyber.

In the briefing, Mowery claimed that reinsurers’ risk appetites and product offerings continue to evolve in response to emerging market realities. Meanwhile, differentiation remains valuable.

 “Some drivers of uncertainty are dissipating. Primary rates are stabilizing, and ample traditional, as well as alternative capital,

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Aon combines Asia-Pacific facultative reinsurance broking teams

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Aon has combined the facultative reinsurance broking team within its Singapore broking centre and Reinsurance Solutions’ Asia-Pacific facultative team.

The move, the global brokerage said, created a united facultative reinsurance broking team to serve its clients in the Asia-Pacific region. The newly combined team is part of Aon’s Reinsurance Solutions division.

Geoff Lambrou (pictured above) was appointed CEO, facultative – Asia-Pacific, to lead the newly combined team. He reports to George Attard, APAC CEO of reinsurance solutions, and Andrew Laing, global CEO of facultative for reinsurance solutions.

According to Aon, having a combined Asia-Pacific facultative reinsurance operation allows it to

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Zurich unveils low-carbon investment fund

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Zurich Insurance Group has announced the launch of the Zurich Carbon Neutral World Equity Fund, an investment fund that combines a low-carbon investment strategy with carbon offsetting to boost investment options for climate-conscious life insurance customers.

The fund offers well-diversified investment options in low-emission companies and leaders in clean technology, Zurich said. The estimated greenhouse gas emissions from companies in the fund are nine tons of carbon dioxide equivalent per US$1 million (around SG$1.34 million) invested, compared with 68 tons for a traditional investment strategy. Residual emissions from the fund are offset through carbon credits to achieve climate neutrality.

The

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Willis Towers Watson shares growth plan and financial targets

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Part of the company-wide initiative is to gain market share in risk & broking, as WTW is keen on focussing on core opportunities with the highest growth and return.

Meanwhile, by year-end fiscal 2024, the Irish-domiciled and UK-headquartered group expects to have grown its revenues to more than US$10 billion and to have delivered up to US$6 billion in free cash flow. Combined with the after-tax proceeds from the sale of Willis Re and current cash balances, that free cash flow will give WTW as much as US$11 billion of available cash by 2024.

Other financial targets include returning significant

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