News

Insurance

US auto insurance inflation stalls, but easing claims raise margin hopes

Repair cost inflation had gone from single digit to 23% in 6M before February easing.   15 March 2023

Insurance

PERILS pegs New Zealand floods at $1.02bn at first glance

Floods may be largest weather-related New Zealand insurance loss, third largest cat event.   15 March 2023

Insurance

Sedgwick plucks claims guru from Covéa for UK private client leadership

New talent follows the 2022 addition of new private client development director in 2022.   15 March 2023

Insurance

Howden adds to the European stable, picks up brokerage via Swiss unit

Howden’s Swiss unit was launched in 2021 and is now out to 75 employees across seven offices.   15 March 2023

Insurance

Louisiana draws nine insurers to P&C market on subsidy offer

Insurer subsidy requests ran 1/3 over budget; some 55,000 homes could get cover.   15 March 2023

Insurance

Westfield Specialty builds out management liability, more lines pending

Expansion of offer goes hand in hand with extension of admitted capacities across US states.   14 March 2023

Insurance

AXA XL pulls talent up the ladder after new top appointment in marine

Newly named CUO picked four underwriters from his team to rise in his wake.   14 March 2023

Insurance

Global protection gap at $2.8tr; cyber dominates uncovered P&C threats

Advance of technology has driven cyber protection gap to nine times the gap in nat cat.   14 March 2023

Insurance

Lloyd’s rejigs c-suite in bid to hone focus on Blueprint Two & London Bridge

Lloyd’s lightens the load for CFO Keese, increasing oversight on long-term initiatives.   14 March 2023

Insurance

The Hartford mines Chubb for IT leader in drill down on P&C

The Hartford lays claim to an ‘aggressive technology agenda’ to add scale in P&C.   14 March 2023

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