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AGCS confident on future profits as rates exceed inflation: CFO Terzariol
The business unit continued its run of post-remediation profitability, posting a combined ratio of 95%.
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Chaucer’s global head of marine Philip Graham also chairs the influential facts and figures committee of the International Union of Marine Insurance.
Deal flow for InsurTech funding dropped by 7.7% in the quarter, while the average deal size rose by 18% to $22mn.
InsurTechs with diversified teams and deep-rooted technology are more likely to survive the current funding drought, according to MS&AD Ventures’ Jon Soberg.
Insured nat cat losses amounted to $35bn globally in H1, while manmade events triggered an additional $3bn, according to Swiss Re Insititute.
Opinion
Opinion
Peak Re and Fosun under scrutiny after Moody’s outlook review
The Hong Kong-based carrier and its backer have been placed on negative review by the ratings agency, prompting questions around its future.
Most Read
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Chaucer marine chief Graham resigns after more than 20 years
04 August 2022
Analysis
Carriers in the class are reassessing risk appetites amid inflation, the Ukraine war and a growing risk of countries defaulting on sovereign debt.
The market is concerned about potential claims from the Hellenic War Risks mutual, which has ships worth around $350mn stuck in the Black Sea.
North American companies also pay executives more relative to company size than European rivals.
The median 2021 compensation of industry leaders in the US and Canada was $7.7mn, compared to $4.9mn in Europe.
More News
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Tokio Marine international profit Q1 up 22% to 68.9bn yen
05 August 2022 -
Sompo International fiscal Q1 underwriting profit up 89%
05 August 2022 -
NOAA slightly reduces forecast for 2022 hurricane activity
04 August 2022
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Hannover Re retains EUR316mn Ukraine losses for now
04 August 2022 -
Colbran-led NuVenture launches product recall MGA
04 August 2022
Interviews
Interviews
As partner at major InsurTech investor Anthemis, Ruth Foxe Blader explained to Insurance Insider why venture capitalists are pumping the brakes on InsurTech funding.
The start-up’s top team predicted further rate hardening at 1 January.
The separation into an MGU and balance sheet has released far more value to investors than any other exit could have done.
The FCA’s executive director of authorisations Emily Shepperd has described how the watchdog is resolving a lengthy case backlog.
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Early Q2 reporting themes: Always be growing!
Commercial insurers surprised with continued positive results despite economic conditions.
From Trading Risk
Vesttoo: Behind the noise
As ILS players such as Vesttoo seek to grow beyond cat risk, Trading Risk looks at some of the questions surrounding how casualty ILS deals will operate and the amount of risk transfer undertaken to date.
From Inside P&C
Truist results portend some relief for brokers… but wait!
The bank-owned broker reported positive earnings despite economic conditions, but results may vary for other brokers.
From Insider Engage
Latam Briefing: Insurtech in Spanish-speaking Latin America
The insurtech sector is growing in Latin America and expanding beyond Brazil, the market that has most supported the industry in its infancy.
