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Consultancy r10 hires ex-Lloyd’s modernisation leaders

Hélène Stanway and Paul Willoughby will be advising clients on digital transformation and other related projects.

PRA puts s166 review policy in place for certain legacy deals

The regulator said it does not seek to either “incentivise or disincentivise” legacy transfers.
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Retro deals limp over renewal line but reinsurers left holding more risk

Retro renewals have made major progress in early January, but programme gaps remain at some levels, with reinsurers left carrying more risk net.

Generali vice-chair Caltagirone resigns

Chairman Galateri di Genola expressed “deep regret and surprise” at the departure.
Louisville, Colorado, USA. 31st Dec, 2021. Homes were burned in the Marshall fire

Marshall Fire: Lessons for (re)insurance from a $1bn, ‘out-of-season’ US wildfire

Fire season in the US ran slightly later than usual in 2021, but total losses will fall far short of 2017-18 peaks.
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Eight themes to shape the (re)insurance market in 2022

The catastrophe market, inflation and loss-costs and the pandemic unwind are among the trends to shape the news agenda this year.
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Analysts optimistic on reinsurance after 1.1 rate rises

Property cat rate increases this January were double those of last year and the highest since 2014.

Excess D&O pricing starts to drop as increased capacity eases pressure

The market was divided about the outlook for 2022, with some predicting a substantial reduction in rates.
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From Inside P&C

CPI: Highest rate in 40 years keeps pressure on auto carriers

The latest report shows even higher inflation pushing up severity, forcing carriers to take rate.
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From Trading Risk

ILS challenges for 2022

ESG, non-catastrophe and rebuilding after personnel changes will be among the themes of the year.
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From Inside P&C

Short interest: InsurTechs catch a break, but pressure still on

InsurTechs, including Lemonade, Root, Hippo, and Metromile, shed some short interest but remain the target of choice for short-sellers.
From Insider Engage

2022 Challenges Include Cyber, Pandemic and Climate Change

Cyber, natural catastrophes and the ongoing pandemic are top of mind for executives attending the Joint Industry Forum in New York.
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