News

Insurance

US auto policy costs rise again in June; still chasing key claims costs

Versus pre-pandemic levels, policy costs have risen half as fast as used cars or repair.   12 July 2023

Insurance

Florida bristles at Farmers Insurance retreat, vows regulatory pushback

‘I want additional scrutiny on this company,’ the state CFO said, hinting inquiry and fines.   12 July 2023

Insurance

Cat bonds can’t dent hard market; competitive capital still tight

Lack of new market entrants or collateralised reinsurance means no downward price pressure.   12 July 2023

Insurance

Steve Hearn to replace Bronek Masojada as PPL chair after Ardonagh exit

He aims to create a market that will be ‘better, faster and cheaper’.   11 July 2023

Insurance

Ardonagh’s Inver Re launches Bermuda SAC, collateralised reinsurance vehicle

It will enable the group to offer segregated accounts, or ‘captive cells’.   11 July 2023

Insurance

Claims on French riots double over past week to €650m price tag

Damage profile shifts to commercial & public property from vehicles in prior incidents.   11 July 2023

Insurance

Compre taps former Markerstudy leader as group COO to fuel growth

Compre has recently completed a $1.3bn reinsurance loss portfolio transfer deal with SiriusPoint.   11 July 2023

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

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

Zurich appoints new chief financial officer of Canada

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

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