News

Insurance

Twelve Capital and Securis to merge creating ~$8bn global ILS powerhouse

Securis CEO to exit upon deal’s completion; new leadership revealed.   25 July 2024

Alternative Risk Transfer

RenRe sees Q2 ILS outflows on cat bond profit taking & capital release

Q2 fundraising fell 76% y/y to a mere $84.5m; ILS fee income takes its own upward course.   25 July 2024

Insurance

Ryan Specialty supercharges financial lines MGU with ‘largest’ international facility

It has secured a new facility to write management, financial, and professional lines.   25 July 2024

Insurance

First insured loss estimates emerge from major worldwide IT outage

Parametrix says cyber insurance losses likely 10% to 20% of the total outage damage.   24 July 2024

Insurance

Chubb claims broad swathes of rate adequacy inspire a reach for growth

‘Where rate is adequate, we are growing as fast as we can,’ CEO Greenberg said.   24 July 2024

Insurance

Beazley likely held cyber hit on IT outage below $120m: Berenberg

Beazley has the needed sub-limits, waiting periods and distance to affected sectors.   24 July 2024

Insurance

Commercial rate hardening flatlines Q2, casualty as lone driver: Marsh

Property ends its run after leading as recently as Q4; FinPro & cyber softening stable.   24 July 2024

Insurance

Chubb slows Q2, but holds double-digit growth; pre-cat margins flat

Property lines feel ‘competitive’ versus a durable and needed trend for casualty firming.   24 July 2024

Reinsurance

Martello Re mulls growth with $1.3bn capital raise

It entered the reinsurance market with MassMutual and HSCM backing in early 2022.   24 July 2024

Technology

Former SCOR boss and Guy Carpenter EMEA CEO appears at insurtech

The executive to provide strategic advice for global expansion.   24 July 2024

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