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The preliminary result was achieved despite EUR600mn losses from Bernd damages, as well as EUR1.2bn losses from Hurricane Ida.
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The cyber market will interpret Lewis’s hire as a signal IQUW is looking to grow the book proactively. -
IGI went public on the Nasdaq last year through a merger with a SPAC, amid a boom in blank cheque activity.
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Marco’s launch marks the latest RITC syndicate to set up at Lloyd’s, following Compre’s move to establish a vehicle under an Apollo turnkey at the beginning of the year.
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Marsh has bolstered its upstream energy division with the appointment of Thomas Burrows from Convex, Insurance Insider has learned.
Opinion
15 October 2021
Sources said that the incident near Huntington Beach had the potential to exhaust the $1bn oil pollution reinsurance tower.
Analysis
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Analysis of financial data shows that the last decade has seen a marked increase in the proportion of premiums ceded by carriers in all sectors.
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Increased disclosures being released by companies heighten the risk of inaccurate or misleading statements.
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Claims from recalls due to lithium-ion batteries, which are heavily linked to the sustainable auto industry, are causing a capacity squeeze and affecting rates on certain policy lines.
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Reinsurance market tightening and loss ratio deterioration are two factors fueling momentum in cyber rates.
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From Inside P&C
Progressive earnings: A fast response on loss trends is what sets it apart
PIF growth is slowing as the firm sees worsening loss-cost trends, and this quick response will likely allow it to outperform peers again.
From Trading Risk
ILS firms pragmatic on the efficacy of natural catastrophe models
Modelling firms say their data shows events like Hurricane Ida should be anything but a surprise.
From Inside P&C
Notes from CIAB – All quiet on the Western front
Key themes included the intensification of the battle for talent, climate change and confidence that rate rises will persist.
From Insider Engage
Thinking Outside the Office
The sudden shift to mass remote working was brought about by the pandemic, but now companies are making more deliberate choices for long-term flexible working.
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