Top Section
Aon posts 5% organic growth for Q4 as reinsurance grows 9%
Commercial risk solutions’ Q4 organic growth dropped 8 points year on year to 4%.
Latest News
Once again, cyber had the biggest increase in the quarter, while rates in financial and professional lines fell for the second consecutive quarter.
It is understood that Stuart Willcocks will join Howden in March as an executive director.
For InsurTechs, the most significant feature of 2022 is that the narrative around ‘disruption’ seems to be “truly over”, Gallagher Re said.
Under the new structure, Urs Baertschi will run P&C Re, while Paul Murray will lead L&H Re.
Opinion
Opinion
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.
Most Read
-
Former One Re CEO Lewis sets out vision for new legacy player
02 February 2023
Analysis
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.
Carriers will be looking forward to the positive outcomes from the 1 January harder market, but results will provide clarity on lingering challenges.
More quota share capacity was on offer, but reinsurers were still pushing to manage exposures through loss caps.
More News
-
Amwins Global Risks builds in energy with RAP acquisition
02 February 2023 -
AFG’s Q4 CoR jumps 5.9 points to 86.6% on ‘average’ crop performance
01 February 2023
-
Ex-Chaucer marine chief Graham lands at AGCS to lead London marine
01 February 2023 -
Hannover Re share price dips after IFRS17 2023 income guidance
01 February 2023 -
Geopolitical divides causing global business disruption: WTW
01 February 2023
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.
Upcoming Events
Trading Risk London ILS 2023
Navigating market turbulence: signalling a change in the alternative reinsurance market
Venue London
Inside P&C Honors 2023
Recognizing the very best in the Latin American (re)insurance market
Venue Miami
From our other titles
From our other titles
From Inside P&C
California auto rate approvals trickle in after lengthy moratorium
Five auto insurers receive approval to raise rates after 32-month halt by the California Department of Insurance.
From Trading Risk
ILS market offering ‘best entry point since inception’: K2 Advisors
Conviction for ILS has shifted to ‘overweight’ from ‘neutral’ at the manager.
From Inside P&C
Axis Q4 results: Life after property cat reinsurance
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
The View from Bermuda: 1/1 Renewals 'Reset' The Reinsurance Market
Insurance brokers and M&A lawyers have reported ever more interest for representation & warranties insurance in Latin America in recent years.
