News

Insurance

First insured loss estimates emerge from major worldwide IT outage

Parametrix says cyber insurance losses likely 10% to 20% of the total outage damage.   24 July 2024

Insurance

Chubb claims broad swathes of rate adequacy inspire a reach for growth

‘Where rate is adequate, we are growing as fast as we can,’ CEO Greenberg said.   24 July 2024

Insurance

Beazley likely held cyber hit on IT outage below $120m: Berenberg

Beazley has the needed sub-limits, waiting periods and distance to affected sectors.   24 July 2024

Insurance

Commercial rate hardening flatlines Q2, casualty as lone driver: Marsh

Property ends its run after leading as recently as Q4; FinPro & cyber softening stable.   24 July 2024

Insurance

Chubb slows Q2, but holds double-digit growth; pre-cat margins flat

Property lines feel ‘competitive’ versus a durable and needed trend for casualty firming.   24 July 2024

Reinsurance

New specialty reinsurer launches

It will underwrite specialty and casualty lines—D&O, PI, cyber and more.   24 July 2024

Reinsurance

Aon taps 30-year vet as new Bermuda CEO to drive innovation & risk transfer

The executive to replace its CEO and president of 38 years.   24 July 2024

Reinsurance

Martello Re mulls growth with $1.3bn capital raise

It entered the reinsurance market with MassMutual and HSCM backing in early 2022.   24 July 2024

Insurance

Markel expands casualty underwriting leadership

A 30-year industry exec with Chubb/AIG pedigree to lead Markel’s casualty suite of products.   24 July 2024

Insurance

Penn Mutual to sell $150bn asset manager to global PE giant

Fitch views the sale as ‘opportunistic’.   24 July 2024

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