News

Insurance

Lockton mines Arch Re casualty talent for NA construction team

The new North American construction SVP brings pedigrees from Arch, General Re & LSM.   15 March 2024

Alternative Risk Transfer

Hamilton added $200m US risk retro cover 1.1 via Easton Re cat bond

Hamilton claims more retro cover at a better price than initially targeted.   15 March 2024

Insurance

California preps use of cat models in wildfire & flood insurance pricing

To-date rules bred ‘rate spikes and balloon premiums’ on major events, regulators admit.   15 March 2024

Insurance

MS Amlin pairs with Starwind group MGA for oil & gas sector facility

MGA J.H. Blades will write new general liability and an up to $10 million excess liability book.   15 March 2024

Insurance

Industry veterans launch new $250m E&S insurer targeting SME risks

It is backed by key players like RenaissanceRe, PartnerRe, and Starr Insurance.   14 March 2024

Insurance

Ageas bumps bid for Direct Line, gets rebuff from target & markets

Stock market investors seem to consider the price boost skimpy, send shares down.   13 March 2024

Insurance

Marsh taps top talent from AIG to lead Dutch marine business

‘The logistics industry in Europe is expected to reach €1.1 trillion by 2029.’   14 March 2024

Reinsurance

US flood programme NFIP bought $620m reinsurance at 1.1 for $121m

NFIP limit is now built over 2:1 on cat bonds more than traditional reinsurance.   15 March 2024

Insurance

Primary liability rates should rise through 2025: Aspen

Loss trends and reserve development create lasting mandate for long tail rate discipline.   14 March 2024

Insurance

Nord Stream sues Lloyd’s, Arch et al. for $400m after pipeline blast

Nord Stream estimates full repair costs at a much higher €1.2 – 1.35bh.   15 March 2024

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