News

Insurance

First quarter cats deliver $15bn insurance bill globally: Aon

US storms lead at $5.5bn, followed by small slice of Turkey EQ, flooding & winter weather.   14 April 2023

Insurance

US auto claims severity back on the rise; policy inflation hits 15%

Severity looks sticky: parts and repair costs put paid to prior month hopes for relief.   13 April 2023

Alternative Risk Transfer

Cat bond funds power past Ian losses by end-Q1 after 17-week rally

Gains accelerated in March-end, but leave euro and franc indexes still off pre-Ian peak.   12 April 2023

Insurance

US insurance brokerages & agencies shed jobs at record pace Q1

For brokerage and agency jobs, it's the worst start of the year ever.   11 April 2023

Insurance

Gallagher taps Zurich to bolster financial lines in Asia

The new hire has also worked at The Hartford, XL Group and Marsh.   11 April 2023

Insurance

Insurers face $7-9.5bn bill in Q1 as US weather hits familiar pricey pattern

‘The dice are loaded for a higher occurrence of severe weather this spring season.’   11 April 2023

Insurance

Global broker Marsh taps UK cyber leader for US leadership role

New regional leader is headed home after 20 years across US, UK & EMEA.   6 April 2023

Insurance

Zurich Insurance Group follows Munich Re in net-zero alliance exit

While Munich Re flagged anti-trust issues, Zurich cites need to smooth client transition.   6 April 2023

Insurance

New $20m consortium launches at Lloyd’s with SCOR and RenRe backing

Parsyl launches Lloyd’s consortium to bring new capacity to the perishable cargo market.   5 April 2023

Insurance

An ‘extra mile’ culture: why DE&I is vital for MGAs

A renewed regulatory focus plus an opportunity to boost the bottom line of MGAs are two of the reasons behind the launch of new DE&I training for members, says Managing General Agents’ Association CEO Mike Keating.   5 April 2023

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