News

Insurance

Allstate faces $276m January cat losses; will pursue rate hikes

Two events accounted for roughly 80% of the losses.   16 February 2024

Technology

WTW to use new mathematical modelling for climate-related risks

WTW to work with maths lab on natural catastrophe models.   14 February 2024

article

Mosaic launches $25m blended insurance for investment managers

It combines PI, investment management, D&O, crime, and cyber coverages.   22 February 2024

Risk Management

Europe tops political risks in global ‘electoral supercycle’ - Verisk

Europe is the worst performing region on Maplecroft’s Q1 2024 political change meter.   21 February 2024

Reinsurance

TWIA may target $3.35bn reinsurance purchase for above $400m

The purchase is well over initial budget and could yet grow further as TWIA book expands.   21 February 2024

Insurance

End of restructuring for SiriusPoint as it pivots to profit-led growth drive

The re/insurer plans to focus on ‘underwriting-first’ to improve profits.   21 February 2024

Reinsurance

Conduit Re leaps to first major profit, retains upstart growth pace

Underwriting earnings rose 18x; nat cat dearth plus new T&C left loss register clean.   21 February 2024

Reinsurance

Conduit Re grows 38% at 1.1, extending pivot to preferred lines

Property and specialty books grow in excess of 50% at 1.1; casualty contracts.   21 February 2024

Insurance

US giant Truist to sell insurance brokerage business in $15.5bn deal

Truist Insurance portfolio includes McGriff, CRC Group and Crump.   20 February 2024

Insurance

Lockton snags Aon senior leader to fuel strategic growth and attract talent

The executive spent several years at McKinsey before his 15-year tenure at Aon.   20 February 2024

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