Articles

Insurance

US insurance hiring swings again in Oct, agents & brokers in focus

Job counts in brokerages and agencies turn volatile after long-running gains.   7 November 2022

Insurance

Berkshire Hathaway suffers $3.4b hit on Hurricane Ian for insurance loss

P&C reinsurance escapes the noose: rate & reserve adjustments deliver slim Q3 gain.   7 November 2022

Insurance

Egypt mulls creating new nat cat pool to counter climate risk

It is working with large reinsurers/brokers to develop a more climate-resilient economy.   4 November 2022

Insurance

WTW taps 24-year company vet for US Midwest leadership role

The appointee has held various roles of increasing responsibility within WTW.   4 November 2022

Insurance

Fairfax buys $734m more stake in Allied World; swings to loss in Q3

The Canadian carrier now owns 82.9% stake in its subsidiary.   4 November 2022

Insurance

AIG appoints former Goldman Sachs/Credit Suisse and GE leaders to board

The insurer’s lead independent director has decided not to stand for re-election.   4 November 2022

Insurance

Hannover Re can cover rising retro costs with new rate across markets

The reinsurer can keep its retro structures even while seeking major overhaul from primaries.   3 November 2022

Insurance

Hannover Re can hit 2022 targets even as Ian submerges large loss budget

Hannover Re books €276m on Ian after underweighting Florida, but FY budget now exceeded.   3 November 2022

Insurance

Hamilton picks Munich Re veteran for specialty leadership role in US following departure

Appointee to serve as CEO of US E&S insurer Hamilton Select.   3 November 2022

Insurance

Chubb poaches head of hull from Allianz for Global Markets

The appointee is also a member of Lloyd’s Market Association’s Joint Hull Committee.   3 November 2022

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