News

Reinsurance

Give us a double digit mid-year rate cut or broker heads roll, Citizens warns

Citizens board member warns 10% rate cut is a start, not a ceiling.   18 March 2025

Insurance

Marsh cranks up cyber facility capacity by $45m

The enhanced facility extends beyond the Lloyd’s market, maintains key features.   17 March 2025

Insurance

Berkshire’s BHSI lifts veteran executive to bolster Australasia operations

The executive joined BHSI in 2015 after a 20-year career as a solicitor.   17 March 2025

Insurance

Generative AI amping up fraud threat of deepfake CEOs for SMEs

Fraud involving hackers posing as CEOs rose by 17% in 2023, says Liberty Specialty Markets.   17 March 2025

Insurance

Markel ushers in new insurance CEO as part of review; Noble heads for exit

Shakeup comes after board admits Markel structure ‘made it harder’ to serve clients.   17 March 2025

Insurance

Aon CEO tightens his grip, adding president to his job titles

Current president will stay on until June 2026 advising chief executive.   17 March 2025

Alternative Risk Transfer

Flood Re closes debut £140m cat bond through Lloyd’s London Bridge

Retrocessional cat bond marks first time ILS vehicle has been used by Lloyd’s entity.   17 March 2025

Insurance

Australian insurers deal with another 10,000 cyclone Alfred claims over weekend

Total claims reach 63,000 but reinsurance pool well placed to cover insured losses, says Guy Carpenter.   17 March 2025

Insurance

California regulator kicks State Farm rate-hike decision further down the road

Insurance commissioner orders California insurer to prove its case in court on April 8.   17 March 2025

Insurance

Howden grows again in South Wales with Marsh hire

Move follows two key appointments last week as part of Welsh expansion.   14 March 2025

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