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The carrier said it achieved average risk-adjusted price increases of 30% on cat business.
Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.
The lessor is looking to recoup the value of a B777-300ER aircraft, which is still in Russia.
DAE is arguing that, if its battle against its war insurers should fail, then it has grounds to push for a total loss under the terms of its all-risk policy.
Opinion

Three risks Zaffino must master to make a success of Ascot

The in-coming CEO must ensure a smooth transition, land the “London-out strategy” started by Brooks, and handle CPPIB’s exit.
Analysis
Marine and aviation markets among most active parts of the industry in recent months, data shows.
Early evidence is leading the (re)insurance market to hope the storm can avoid the development curve of its 2017 predecessor Hurricane Irma.
Annual reviews of natural disaster activity highlighted drought – which can also heighten risk of fire and flood losses – as an increasingly important secondary peril.
Cyber rates in excess layers saw decreases of mid-single digits to low double digits in the last quarter while primary layers remained flat or experienced low rate rises.
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Interviews
Interviews
In an interview with this publication, the CEO admitted the transition “took longer than any one of us would have wanted”.
CEO Nick Cook said the company also plans to invest in an international MGA strategy and a capital advisory unit, with 149 hires budgeted this year.
Beazley’s $45mn first-time cyber cat bond offered all-perils coverage, though some expected early deals to start with limited scope.
Group CFO and incoming president of insurance Jeremy Noble has told Inside P&C that the insurance operation is where Markel sees the most upside potential.
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From our other titles

From our other titles

From Inside P&C

Q4 results early view: Brokers and commercial carriers attempt synchronized swim

Broker and commercial carrier trends align on economic indicators but diverge on stock performance and 2023 consensus estimates.
From Trading Risk

Hurricane Ian: The gravity-defying Florida loss?

Early evidence is leading the (re)insurance market to hope the storm can avoid the development curve of its 2017 predecessor Hurricane Irma.
From Inside P&C

Chubb’s measured stance on loss costs should set the tone for the industry

As ITC Vegas begins, the Inside P&C Research team explores the discussions needed among InsurTechs to address questions around capital, partnerships, and profitability prospects.
From Insider Engage

Managing inflation risk on both sides of the balance sheet

Insurance brokers and M&A lawyers have reported ever more interest for representation & warranties insurance in Latin America in recent years.