News

Insurance

Allstate Q1 nat cat tally tames to $731m versus prior year slaughter

March rose to $328m, chiefly on a single hail event; no mention of convective storm.   18 April 2024

Insurance

Markel promotes internal talent to head of terrorism in London

The promotion reveals a drive for profitable expansion in Asia, London and the US.   18 April 2024

Insurance

Marsh McLennan grows 9% in re/insurance broking lines, ups margin

Reinsurance broker Guy Carpenter laid claim to $1.1bn in Q1 revenue, up 7% y/y.   18 April 2024

Insurance

New Lloyd’s coverholder Macquarie will write follow-form for Mosaic

Transactional liability deal with Mosaic fits Macquarie’s target for more MGA premium.   18 April 2024

Insurance

Aegis raids AIG to rebuild cyber offer after eight-year hiatus

Cyber has ‘matured’ and ‘learned some hard lessons’ since the firm’s last cyber foray.   18 April 2024

Insurance

Munich Re shakes up P&C underwriting leadership across Asia & Africa

Munich Re claims its Asia & Africa units have grown capacity for a ‘leaner on top’ stance.   18 April 2024

Insurance

Cyber insurance can’t hold its margin amid capacity surge, Fitch says

Current margin looks ‘unsustainable’ as market competition ‘intensifies.’   18 April 2024

Insurance

Japanese earthquake at 6.4 hits southern islands

Six aftershocks followed within the first 45 minutes after the initial hit, starting at 5.0.   18 April 2024

Alternative Risk Transfer

Mexico taps cat bond market, takes $420m for 4Y across 3 key perils

ILS funds and hedgies from the US and Europe led the World Bank/IBRD deal.   18 April 2024

Reinsurance

Insurers won’t rebuild reinsurance as market calms in ’24, survey says

Higher program retentions likely upped nat cat risk 10% for small to medium sized events.   17 April 2024

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