News

Insurance

Insurtech Next seeks traditional talent in quest for price adequacy

Next mines Farmers & Metlife vet ‘to ensure alignment’ of growth and profit goals.   7 December 2022

Insurance

Florida insurers trim 9M losses as business flows to state insurer

State insurer Citizens took the Q3 hit: a 21x increase in 9M net underwriting losses.   7 December 2022

Insurance

Key conditions for US commercial insurance now ‘past their peak’: AM Best

Pricing power diminished while economic inflation still rages and social inflation looms.   6 December 2022

Insurance

HDI Global Specialty will seek M&A in quest for €5 bn premium target

HDI will seek to plug gaps on its premium map; US market eyed expanded footprint.   6 December 2022

Insurance

Munich Re reshapes Asia-Pacific and Africa P&C business

Change of focus drives new ‘market clusters’ in APA P&C restructure   6 December 2022

Insurance

US P&C insurer CNA mines rival Chubb for financial lines leader

The new acquisition has done twenty years through AIG, ACE and Chubb.   6 December 2022

Insurance

Underwriters sour on export credit & political risk as clouds gather

Strong growth in short-term covers has sustained sentiment, but ‘will drop considerably.’   5 December 2022

Insurance

Moody's sours on pricing power, slashes global P&C outlook to negative

Few have the pricing power to combat low growth, high inflation and reinsurance pinch.   5 December 2022

Insurance

UK insurers talk the talk on fair pricing, but can’t put proof to paper

Insurers ‘satisfied themselves’ on compliance, ‘but provided no evidence’ in support.   2 December 2022

Insurance

Specialty insurer Mosaic takes on lawyers to lead tax liability charge

Mosaic draws on experience outside underwriting in build-out of transactional liability.   2 December 2022

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