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Broker consolidation and trapped value: new broker Augment’s CFO speaks out

Reinsurers and cedants have been adversely impacted by consolidation among reinsurance brokers – making this a good moment for a new player to launch. That is the argument of Charlie Love, the newly appointed chief financial officer of Augment, launched in July, who also promises the broker will innovate and help clients unlock trapped value.   4 August 2023

Insurance

Acrisure Re nabs Catalina/Stonybrook talent for lead global roles

The broker has hired a global head of legacy and head of investment banking.   29 August 2023

Insurance

At the forefront of innovation

There will always be those that resist change in the insurance industry but that should not be an excuse for shunning innovation, Greg Case, the chief executive of Aon, tells Intelligent Insurer.   4 August 2014

Awards

Aon Benfield voted Reinsurance Broker of the Year by the readers of Intelligent Insurer

Aon Benfield has claimed the title of Reinsurance Broker of the Year (with reinsurance brokerage revenues of more than $1bn) at Intelligent Insurer’s Global Awards.   19 September 2013

Insurance

US tax reform to lift P&C insurance earnings 14%: Morgan Stanley

The proposed House bill calls for 20 percent corporate tax rate, which could lift earnings of US property/casualty (P&C companies) by around 14 percent on average, according to Morgan Stanley analysts.   6 November 2017

Insurance

Reinsurance hardening to stay firm in 2024 but with softer price bumps

Fitch expects reinsurers to uphold strong underwriting discipline despite higher interest rates.   25 August 2023

Insurance

Hermine, Meranti and other tropical cyclones cost economy over $4bn

Tropical cyclones in September have cost the global economy over $4 billion dollars, according to Impact Forecasting’s Global Catastrophe Recap report.   7 October 2016

Awards

ACORD names top ten InsurTech leaders of 2019

Members of AIR, Zurich and Aon are among those recognized for driving change.   20 December 2019

Insurance

Wildfires become most damaging event on record in California

The recent wildfires in the US state of California, which killed at least 43 people and injured 185 others, could in aggregation become the most damaging event on record in the state, according to Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap.   13 November 2017

Insurance

Big leadership shake-up at AIG in bid to become ‘top performing company’

The move will see Lyons leaving CFO position for a new role, and departure of its life & retirement CFO Tom Diemer.   26 October 2021

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