News

Insurance

Investors jump ship on Rear & Allen LSE-listed insurance SPAC

Last-minute shift to Lloyd’s profile OK’d, but 82% of shareholders head for the door.   11 July 2023

Insurance

California homeowners market tightens further: Farmers caps uptake

Major player still taking new business vows not to mop up spillover demand from rivals.   11 July 2023

Insurance

Claims on French riots double over past week to €650m price tag

Damage profile shifts to commercial & public property from vehicles in prior incidents.   11 July 2023

Insurance

Compre taps former Markerstudy leader as group COO to fuel growth

Compre has recently completed a $1.3bn reinsurance loss portfolio transfer deal with SiriusPoint.   11 July 2023

Insurance

Westfield bids on minority capacity at syndicate 1200

Westfield will offer 62.5p in cash for each £1 of 2024 capacity allocated.   11 July 2023

Insurance

Florida’s Citizens puts reinsurance to $5.4bn at ‘significant’ price hike

Total risk-adjusted price increase for 2023 placements hit 25%, gross ROL at 12.7%.   11 July 2023

Insurance

Beazley moves ESG consortium capacity to Syndicate 5623

The move is effective from January 2024.   11 July 2023

Insurance

Coalition expands in Canadian cyber insurance market

The MGA has active cyber insurance in Quebec.   11 July 2023

Insurance

Insurance evolution: ‘tangible steps’ on risk prevention ramping up

Re/insurers have always wanted to take a more preventive stance, and now there is concrete movement towards that ambition, says Swiss Re’s Arquint.   11 July 2023

Alternative Risk Transfer

Cat bond funds power through H1 on 30-weeks of uninterrupted gains

The USD-denominated index is up 11.4% from post-Ian lows and 4.2% since pre-landfall.   10 July 2023

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