News

Insurance

Pen Underwriting extends Irish specialist fleet deal with Zurich

The multi-year agreement carries the partnership over the 25-year mark.   26 April 2024

Insurance

Historic day’ for Aon as $13bn NFP deal closes faster than expected

Swift close boosts Aon’s accretion, advances cash flow benefits by a year.   26 April 2024

Reinsurance

Treaty renewals in 2024 should hold market’s latest gains: Munich Re

CEO Wenning confirmed €5bn profit target, but also noted 3Y streak of beating plan.   25 April 2024

Insurance

Chubb likely to shy away from M&A options for foreseeable future

‘Our eyes are always open,’ CEO Greenberg said, but ‘don’t hold your breath’.   25 April 2024

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

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

Marsh McLennan targets major P&C agency in $315.9m M&A deal

Marsh calls the asset a Top-5 bank-affiliated agency and top player in the US southeast.   24 April 2024

Reinsurance

Hiscox Re & ILS, Ariel Re launch cyber catastrophe consortium CyberShock

CyberShock is designed to ‘materially improve’ the market’s approach to cyber catastrophes.   25 April 2024

Insurance

Lockton beefs up crisis management unit with key appointments

They are set to enhance support in time of ‘significant uptick in frequency of crises events’.   25 April 2024

Insurance

Davies names new CEO of consulting in global expansion drive

The insider brings 30 years of senior executive leadership experience to the role.   25 April 2024

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