WTW partners with the University of Geneva & more…Keep up with what has been happening this week in our latest insurance news round-up…

Topsail Re announces JV with Bishop Street for MGA support

Bishop Street Underwriters has revealed a new collaborative venture with Topsail Reinsurance.

Swiss Re & Zurich address the risks that GenAI poses for the re/insurance industry

As AI technology continues to progress further, especially with the rise in Generative AI (GenAI), organisations across the re/insurance sector are experimenting more with the technology and finding new ways to apply it into their workforce.

Baltimore bridge collapse could lead to record insurance loss, says Lloyd’s boss

The collapse of Baltimore’s Francis Scott Key Bridge is likely to lead to the largest single marine insurance loss ever, the chair of Lloyd’s of London has said.

Natural catastrophes cause US$108 billion in insured losses in 2023

A new record of 142 natural catastrophes led to US$108 billion in insured losses in 2023, according to Swiss Re.

WTW partners with the University of Geneva to quantify systemic global risks from massive volcanic eruptions

WTW, a global advisory, broking, and solutions company, announced that it has partnered with the University of Geneva to quantify the rare but catastrophic effects of very large volcanic eruptions on climate, food security, and society. This collaboration will allow WTW and its clients to anticipate how a future massive eruption would affect their operations and portfolios and make better decisions to manage their exposure over the long term.