News

Insurance

Major board reshuffle at Flood Re as clock ticks for its exit in few years

It comes at a critical time with just 16 years left for Flood Re to exit the market.   11 January 2023

Insurance

ABIR elects Hamilton CEO as first female chair in 30-year history

Convex chair Stephen Catlin and AIG Re CEO among other newly elected officers.   11 January 2023

Insurance

Aon, Mosaic team up on innovative ESG-focused fund-insurance platform

The ‘ground-breaking’ approach links ESG ratings with specialised underwriting of D&O coverage.   11 January 2023

Insurance

Somerset Re enters 2023 with ‘substantial’ new capital to scale up

The company claims a ‘robust pipeline’ for 2023 as Aquarian takes control.   10 January 2023

Insurance

Re/insurers hit hard by ‘significantly above average’ losses in 2022: Munich Re

The high losses come just as insurers are dealing with both inflation and a shrinking capital.   10 January 2023

Insurance

Brokerslink eyes London & Lloyd’s markets; Ardonagh Specialty now part of its network

The move includes Price Forbes, Bishopsgate, Compass London Markets, Besso, and Inver Re.   10 January 2023

Insurance

AXA XL taps 10-year company vet to drive ‘sustainable’ underwriting profitability

The appointee takes up the role of head of underwriting management for UK & Lloyd’s.   9 January 2023

Insurance

Fairfax’s Brit sells ‘fast growing’ MGU operations for $400m

Brit shifts focus on building out its core underwriting and digital capabilities.   9 January 2023

Insurance

IAG rejigs reinsurance at 1.1: hikes retention & pays 20-25% more on XoL

First-event retention rises 75% in ‘a rational economic decision’.   9 January 2023

Insurance

Major ILS investors back Beazley’s groundbreaking $45m cyber catastrophe bond

For the first time a liquid ILS instrument has been created for cyber catastrophe risks.   9 January 2023

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