News

Insurance

Florida’s Citizens puts reinsurance to $5.4bn at ‘significant’ price hike

Total risk-adjusted price increase for 2023 placements hit 25%, gross ROL at 12.7%.   11 July 2023

Insurance

Beazley moves ESG consortium capacity to Syndicate 5623

The move is effective from January 2024.   11 July 2023

Insurance

Coalition expands in Canadian cyber insurance market

The MGA has active cyber insurance in Quebec.   11 July 2023

Insurance

Insurance evolution: ‘tangible steps’ on risk prevention ramping up

Re/insurers have always wanted to take a more preventive stance, and now there is concrete movement towards that ambition, says Swiss Re’s Arquint.   11 July 2023

Insurance

Global insurance growth may pick up to 1.7% in ‘24: Swiss Re Institute

The inflation whip: playing catch-up can drive top-line; later disinflation can drive margin.   10 July 2023

Insurance

Allianz targets Asian growth market with top AIG hire

The current regional director is leaving the business following a major restructure.   10 July 2023

Insurance

Zurich appoints new chief financial officer of Canada

He has held several roles of increasing seniority at Zurich.   10 July 2023

Insurance

Florida cites 18 insurer red flags in H1; two carriers put on watch

Of note: 1 mass non-renewal, 2 poor financial reports, 6 premium/surplus violations.   10 July 2023

Insurance

Marco Capital acquires former Credit Suisse ILS vehicle

It is being acquired by Humboldt Re, Marco’s Guernsey subsidiary.   10 July 2023

Insurance

Allianz buys 50% stake in UniCredit’s P&C insurance venture Incontra

UnipolSai and UniCredit have decided to terminate their partnership.   10 July 2023

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