News

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

Insurance

Japanese earthquake at 6.4 hits southern islands

Six aftershocks followed within the first 45 minutes after the initial hit, starting at 5.0.   18 April 2024

Insurance

Generali revolution: insurance redrawn, asset management given wing

Terzariol redraws maps & mgmt for ‘strategic alignment’ and ‘proximity to markets’   18 April 2024

Insurance

Cyber insurance can’t hold its margin amid capacity surge, Fitch says

Current margin looks ‘unsustainable’ as market competition ‘intensifies.’   18 April 2024

Insurance

CRC Group launches cyber practice group

The strategic move aims to enhance the broker’s specialty capabilities.   16 April 2024

Insurance

Munich Re shakes up P&C underwriting leadership across Asia & Africa

Munich Re claims its Asia & Africa units have grown capacity for a ‘leaner on top’ stance.   18 April 2024

Alternative Risk Transfer

SageSure MGU closes consecutive cat bond deal for Gateway Re at $130m

The deal brings the SageSure-supported cat bond tally via Gateway Re to $1.16bn.   17 April 2024

Reinsurance

Aspen and PIMCO launch casualty-focused reinsurer Pando Re

Pando Re to help drive growth of third-party capital and fee income for Aspen.   16 April 2024

Insurance

Allianz Commercial taps insider for global marine leadership role

The new marine chief brags a pedigree from Allianz, Chubb, Aspen and Tokio Marine.   17 April 2024

Insurance

Q1 insured nat cat losses hit $20bn, convective storms dominate again

Harsh hurricane outlook ‘bears close watching’ on what is still ‘a difficult US market.’   17 April 2024

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