News

Insurance

Reinsurers hold key risks at arm’s length, rendering uneven rate hikes - Howden

A pinched retrocession market may have suffered a 15% hike in rates, 9% in property-cat.   4 January 2022

Insurance

AJ Gallagher sweeps up Florida-based agency

Gallagher holds the pace in its drive to sweep up small- and mid-sized players.   4 January 2022

Insurance

Zurich unloads Italian back book to Portugal's GamaLife to free $1.2bn in capital

The sale constitutes a "first step" in a major rejigging of Zurich's capital allocation.   4 January 2022

Insurance

Sompo offloads health unit in Brazil to SulAmerica to focus on core segments

But Brazil remains "strategically important" for Sompo in remaining segments.   4 January 2022

Insurance

Reinsurers flood the safe zones in “highly differentiated” approach to January renewals – Gallagher Re

Pricing of loss-hit lines runs upwards of 25% in US, over 50% for select loss-hit European cat.   4 January 2022

Insurance

Wild volatility in January renewal pricing as composite pricing index rises 10.8% - Guy Carp

Reinsurers get picky on policies; loss-impacted clients took rate hikes of 10%-30%+.   4 January 2022

Insurance

Unum UK hires chief change officer from Prudential

The hire also previously worked for leading management consultancy Accenture.   4 January 2022

Insurance

Talanx dumps Russian life unit in deal with Sovcombank to "streamline" CEE line-up

But its key Russian industrial lines unit remains in Talanx group.   4 January 2022

Insurance

Aviva unloads Vietnam unit to Manulife to wrap up global disposals

The deal follows previous exits from Italy and Poland.   4 January 2022

Insurance

Wind-driven wildfires sweep Colorado destroying 1000+ high-worth homes

The median home value in affected municipalities is upwards of $580,000.   4 January 2022

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