Articles

Insurance

Industry veterans launch new $250m E&S insurer targeting SME risks

It is backed by key players like RenaissanceRe, PartnerRe, and Starr Insurance.   14 March 2024

Insurance

Ageas bumps bid for Direct Line, gets rebuff from target & markets

Stock market investors seem to consider the price boost skimpy, send shares down.   13 March 2024

Insurance

Marsh taps top talent from AIG to lead Dutch marine business

‘The logistics industry in Europe is expected to reach €1.1 trillion by 2029.’   14 March 2024

Reinsurance

US flood programme NFIP bought $620m reinsurance at 1.1 for $121m

NFIP limit is now built over 2:1 on cat bonds more than traditional reinsurance.   15 March 2024

Insurance

Primary liability rates should rise through 2025: Aspen

Loss trends and reserve development create lasting mandate for long tail rate discipline.   14 March 2024

Insurance

Nord Stream sues Lloyd’s, Arch et al. for $400m after pipeline blast

Nord Stream estimates full repair costs at a much higher €1.2 – 1.35bh.   15 March 2024

Insurance

State Farm plots mid-year succession; 30-year insider takes top spot

Michael Tipsord will retire as CEO after 8 years at the helm & 35 years in the firm.   15 March 2024

Reinsurance

CEA feels reinsurance rate relief, but must keep members on the hook

CEA will prep another revenue bond to maintain member contribution to funding tower.   15 March 2024

Insurance

Brit crafts large-cap cyber offer through Lloyd’s consortium

Cyber First50 can drum up a major clients first $50m in limit on a single quote.   15 March 2024

Insurance

American Club sees P&I premium decline on 2024 renewals

Combined ratio for the 2023/4 policy year ran 103% at end-2023, ‘with an improving trajectory’.   15 March 2024

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