News

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

Insurance

Global insurance growth may pick up to 1.7% in ‘24: Swiss Re Institute

The inflation whip: playing catch-up can drive top-line; later disinflation can drive margin.   10 July 2023

Insurance

Allianz targets Asian growth market with top AIG hire

The current regional director is leaving the business following a major restructure.   10 July 2023

Insurance

Zurich appoints new chief financial officer of Canada

He has held several roles of increasing seniority at Zurich.   10 July 2023

Insurance

Florida cites 18 insurer red flags in H1; two carriers put on watch

Of note: 1 mass non-renewal, 2 poor financial reports, 6 premium/surplus violations.   10 July 2023

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