News

Insurance

Sompo adds C-suite pay cuts in ongoing response to auto claims fraud

Five group level C-suite officials will surrender 20-50% of pay across 3 to 6M periods.   29 February 2024

Alternative Risk Transfer

Potential for risk diversification in cyber ILS and cat bond market: CyberCube

Innovative cyber risk transfer strategies to arise as market matures, it says.   29 February 2024

Insurance

Howden secures second Irish market acquisition in under a month

The firm aims to establish itself as a local broker in Ireland.   29 February 2024

Insurance

AerCap trims claims after recoveries, still sees ca. $2bn down every path

Two alternative claims to its own C&P carriers & a move on carrier reinsurers still in play.   29 February 2024

Reinsurance

Reinsurance margin peak on the horizon as profits draw capacity: Fitch

The cat bond bonanza may roll on in 2024 to add margin pressure to top layers   29 February 2024

Insurance

Europe ‘ripe’ for MGA/MGU model given innovation gap & consolidation

MGU model may bring ‘quick materialisation’ of productivity gains plus and innovation boom.   29 February 2024

Reinsurance

Africa Specialty in landmark parametric deal with top European reinsurer

The agreement will double Africa Specialty Risks’ parametric capability.   29 February 2024

Reinsurance

New MGA launches in Cayman Islands

It is led by a former Aon and Artex Risk Solutions executive.   29 February 2024

Insurance

Amwins buys excess and surplus insurance brokerage from BRP Group

Connected Risk Solutions to join Amwins’ brokerage division.   29 February 2024

article

D&O through its worst, puts ProFin into ‘pretty strong position’: Ryan

‘I think we are through the pain phase’ given rollover and conversion of industry book.   28 February 2024

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