Global reinsurer MS Reinsurance, part of the world-leading insurance group MS&AD, has produced a net profit of $366m for 2023, a significant turnaround from a net loss of $50m for 2022.
Swiss Re has appointed Mr Ivan Gonzalez as CEO corporate solutions and member of the group executive committee and Mr Beat Strebel as CEO reinsurance China and China country president, subject to regulatory approval.
MS Reinsurance has appointed Dr Frank Ellenbürger as fourth independent director and Mrs Yasuko Fukuda as third shareholder representative director. Both appointments are subject to approval by the Swiss Financial Market Supervisory Authority. Dr Ellenbürger He will also become chair of the audit committee.
Financial advisers should leverage social media to connect with millennials and Gen Z, as new research indicates they are twice as likely to get financial advice online than from a professional, says financial counselor Myles Ma.
Aon has appointed Mr Will Allen as executive managing director of capital advisory within its reinsurance solutions. In his new role, he will be responsible for sourcing capital from global organisations to support Lloyd's of London programmes, as well as risk transfer programmes involving the London market and Aon's client base.
BMS Re has appointed Ms Alicia Santocki as executive vice president; Mr Scott Fields and Ms Stephanie Fick as senior vice presidents; Mr Colin Curran and Mr Charles Ill as assistant vice presidents; Ms Cora Cruz as executive assistant and Ms Brenda Martinez-Cox as technical broker.
Front Street Re has appointed Mr Edison Fong as CEO. Prior to his new role, Mr Fong worked at Converge Re and Manulife Financial. He also a diverse range of experiences across all facets of actuarial functions with multinational companies, and currently serves on committees for the Canadian Institute of Actuaries and the American Academy of Actuaries.
Climate change and land-use change could become the main drivers of biodiversity decline by mid-century according to a new study.
A new global survey of 1,800 supply-chain leaders has revealed that average response time for supply chains to respond to disruptions is five days, hindering progress on resiliency and risk mitigation.
The UK P&I Club (protection and indemnity) has expanded its safety and risk management remit to provide its members with resources and guidance to help them navigate increasingly complex risk environments.