News

Alternative Risk Transfer

Climate change drives rise in parametric insurance take-up: Swiss Re

Climate change means the nat cat protection gap will only grow—and parametric risk transfer products are gaining traction as a potential way of closing this gap.   26 April 2024

Insurance

Allianz appoints new MD for personal lines broker following key departure

Its personal lines broker business in the UK LV= rebrands to Allianz.   26 April 2024

Insurance

R&Q in lock-up deal over Accredited sale; anticipates significant cut in proceeds

Closing proceeds now expected between $65m and $110m, down from $170m to $210m.   25 April 2024

Technology

Cytora taps former Aon veteran to support global growth plans

New board appointee ‘blown away by Cytora’s capabilities and use of AI’.   25 April 2024

Insurance

WTW takes 8% growth in broking in Q1, remaining segments lag

CEO Hess claims broking revenues are rate-indifferent, credits retention & new business.   25 April 2024

Insurance

California moves to bolster FAIR Plan as exposures rise 6% in Q1 alone

The state admits a ‘looming fear’ of assessments is driving out admitted carriers.   25 April 2024

Insurance

Chubb has Baltimore Bridge exposure, but 'nothing outsize,' CEO claims

The exposure fits the Chub large loss profile ‘within what we would contemplate.’   24 April 2024

Insurance

Commercial rate growth slows again, now at 1% globally Q1: Marsh

P&C renewal rate growth slips, struggles to buoy declines in financial lines & cyber.   24 April 2024

Insurance

Chubb boosts P&C premium ca 13% Q1, holds margins amid retail recovery

US commercial premium balanced 13% P&C growth against 7.6% erosion of financial lines.   24 April 2024

Insurance

WR Berkley adds Q1 margin on ca. 11% top line growth

Berkley moved heavy into short-tail in primary insurance plus a big gain in property re.   23 April 2024

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