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Gallagher can muster $4bn for M&A through 2024, bullish on pipeline
Willis Re looks to deliver promised gains; integration won’t derail M&A hunt.
UK regulators set on trail of ‘crippling’ insurance rate hikes for high-rise housing
‘The insurance market is failing some leaseholders,’ housing minister tells regulators.
Insurtech sets up Lloyd’s Syndicate to target ‘underserved’ SME market
Syndicate 5183 has received ‘in-principle’ approval to write business incepting from April 1.
New WTW task force to address evolving cyber and crime risks
Cyber criminals are finding innovative ways to exploit weaknesses in tech infrastructure.
Marsh McLennan claims ‘solid’ M&A pipeline, need not join bidding wars to secure top assets
Marsh will deploy $4 billion in capital in 2022 flexibly between growth opportunities and shareholders.
Marsh plans to slow down organic hiring in 2022 after hitting 6k record in 2021; won’t take quick revenue boost
“When we hire, it’s not ‘what is your book of business?’ …not just somebody who can pull in an account or two.”
Cyber rates ‘nowhere near’ forcing corporates out of coverage as market leans on other cures: Marsh
Individual ransomware risks still dominate the market calculus; cumulation is a backburner concern.
AXIS slashes property cat reinsurance exposure at 1.1 renewals to nurse bottom line
70-75% reduction in premiums in key cat lines take 10 percentage points from property weight in books.
Primary market can deliver hardening rates into 2023 to get grip on prior loss cost: AXIS
Fast-rising cyber requires heightened discipline for claims volatility, even as profits remain solid.
AXIS Capital bounces back from 2020 loss, combined ratio improves
The group is making progress in repositioning its portfolio and reducing volatility, says CEO.
