News

Insurance

1.1 renewals pricing & terms to boost reinsurer margins 4pps in 2023: Fitch

Cat bond primary market could be the first real ray of hope on the capacity side.   11 January 2023

Insurance

Markel International brings new COO to gain ‘fresh & innovative’ perspective

The appointee has 17-years’ industry experience gained at Lloyd’s, ERS and CAN Hardy.   11 January 2023

Insurance

AIG CFO steps aside to take medical leave of absence

The company brings former CFO to take helm on an interim basis.   11 January 2023

Insurance

Somerset Re enters 2023 with ‘substantial’ new capital to scale up

The company claims a ‘robust pipeline’ for 2023 as Aquarian takes control.   10 January 2023

Insurance

Bank of England puts insurers on Black Swan alert as economy lags

Beware ‘novel risks, changes in risk correlations and increases in distressed assets.’   10 January 2023

Insurance

Re/insurers hit hard by ‘significantly above average’ losses in 2022: Munich Re

The high losses come just as insurers are dealing with both inflation and a shrinking capital.   10 January 2023

Insurance

Bank of England could move to manage rush into longevity reinsurance

Industry rush to longevity reinsurance may be breeding unmanageable concentration risks.   10 January 2023

Insurance

Lloyd’s taps Silicon Valley executive who served the Obama administration

He replaces John Sununu, who is stepping away from the Lloyd’s Council in May 2023   10 January 2023

Insurance

Helios ups its Lloyd’s retained capacity 39% for 2023

Despite its role as consolidator, M&A added little to the 2023 capacity gains.   10 January 2023

Insurance

Private equity giant acquires P&C insurtech for $2.6bn cash

The insurtech will be taken private upon completion; CEO excited for the next chapter.   10 January 2023

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