News

Insurance

Insurers have paid ¥74.4bn to end-March on Noto earthquake

To-date payments puts the New Year’s event in 7th place on the Japanese earthquake ranking.   22 April 2024

Insurance

Upward pressure on liability rates rising to-date in 2024: Gallagher

Concerns over liability rate adequacy ‘seem to be louder today’ than just one month ago.   26 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

Marsh won't go wholesale despite E&S heat; likes holding clients close

Marsh puts E&S-style deals to admitted solutions if possible, to niche wholesalers if not.   19 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

Marsh McLennan grows 9% in re/insurance broking lines, ups margin

Reinsurance broker Guy Carpenter laid claim to $1.1bn in Q1 revenue, up 7% y/y.   18 April 2024

News

Baltimore files suit on bridge collapse, cites outsize economic impact

Dali owner and operator showed ‘gross negligence and recklessness’ putting faulty ship to sea.   24 April 2024

Reinsurance

Reinsurers show enough cat appetite to clear mid-year Florida renewals

Cedant demand is pushing up the tops of towers, matching reinsurer appetite: GuyCarp.   19 April 2024

Alternative Risk Transfer

Mexico taps cat bond market, takes $420m for 4Y across 3 key perils

ILS funds and hedgies from the US and Europe led the World Bank/IBRD deal.   18 April 2024

Insurance

UK auto policy inflation at still-hearty 28% in March, well past claims

All major components of claims inflation have been in single-digit territory since mid-2022.   17 April 2024

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