News

Insurance

Insurers duck NotPetya cyber war exclusion ruling, settle with Merck

A lower court had already said that NotPetya was ‘not sufficiently linked’ to warfare.   8 January 2024

Reinsurance

QBE Re taps AXIS talent for Bermuda and global specialty expansion

QBE Re claims rising demand for specialty and property reinsurance in Bermuda.   8 January 2024

Reinsurance

US flood programme NFIP tops up reinsurance above $7bn

Combined with three prior deals, US transferred $1.9bn of NFIP flood risk to private sector.   8 January 2024

Insurance

Gallagher to enter Germany’s specialty financial lines market via M&A

The acquired firm specialises in D&O insurance, cyber and professional indemnity.   8 January 2024

Reinsurance

Everest Re bolsters UK leadership for market expansion

Appoints new head of UK branch and chief underwriting officer.   8 January 2024

Alternative Risk Transfer

Cat bonds at the 1.1: from would-be market complement to competitor

Record cat bond year rang through at 1.1, put ‘competitive tension’ in upper layers.   5 January 2024

Reinsurance

D&O vs the rest at 1.1: reinsurer casualty gripes only hold for D&O

Even the D&O market split for 1.1 between devotees of rate trend vs. rate adequacy.   5 January 2024

Insurance

Rokstone inks binder deal with Munich Re Syndicate for property expansion

The binder empowers Rokstone to underwrite property risks internationally.   5 January 2024

Reinsurance

QBE Re appoints new casualty, cyber, financial lines global product leaders

The new global product heads will oversee underwriting quality and governance.   5 January 2024

Insurance

Antares nabs Allianz pro as new chief financial officer

The executive has more than 30 years of experience in executive leadership roles.   5 January 2024

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