News

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

Insurance

Former Marsh McLennan boss Glaser resurfaces at NY private equity firm

Glaser will help source new investments and support portfolio management at the firm.   10 January 2023

Insurance

Cat bond funds end 2022 on enduring recovery, cut Ian losses to 3.7%

The USD denominated composite index ends 2022 with 2.3% loss, ahead CHF & EUR measures.   10 January 2023

Insurance

Brokerslink eyes London & Lloyd’s markets; Ardonagh Specialty now part of its network

The move includes Price Forbes, Bishopsgate, Compass London Markets, Besso, and Inver Re.   10 January 2023

Insurance

WTW snags Aon talent to drive ‘new approach’ towards industry specialisation

The new hire has served for more than 20 years at Aon serving large and complex clients.   9 January 2023

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