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Victor to close Syndicate 2288 for 2022

Sources said the syndicate had absorbed heavy losses in 2020 and was also facing capital charges to support cat-exposed business.

Willis lands major natural resources accounts after collapsed Aon merger

Account wins include Swedish steel manufacturer SSAB and iron ore producer LKAB, both won from Aon.

Masojada: ‘PPL NextGen will be delivered in 2022’

PPL chair Bronek Masojada confirmed the delivery timeline for PPL’s work with Deloitte at a CEO breakfast this morning.
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Brit’s Ki to double in size to $800mn for 2022

The significant increase in planned premium will be interpreted as a vote of confidence in the low-cost, follow-only model from Lloyd’s.

Marine market looks for cyber solutions as shipowner concerns grow

Autonomous shipping and complex supply chains make the maritime industry vulnerable to cyber disruption.
01 December 2021
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London market pricing in 2022: Is the party over?

The market is assessing whether planned single-digit rate rises will outstrip burgeoning claims inflation.
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The Irma counter-reaction: Hopes grow that $35bn Ida estimate will prove over-done

Nearly three months on, the event still seems heavily stacked towards residential claims.

European reinsurers at Q3: The cat question

Swiss Re, Munich Re, Hannover Re and Scor have set out divergent strategies on cat as volatility increases and the retro market seizes up.

Insurance market walks the energy transition tightrope

Sources say the insurance industry will not walk away en masse from existing clients.
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From Inside P&C

Slide: UX + Big Data + ML + VC = :)

The size of the raise for a full-stack cat-exposed insurer implies that we have entered a new phase of VC exuberance.
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From Trading Risk

ILS outflows visible, but quota-share drought will shift 2022 market

The topic of quota-share support is becoming all the more crucial because supply is shrinking at the same time as demand is rising.
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From Inside P&C

P&C call sentiment: Management’s carefully tailored perspective

Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.
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From Insider Engage

Aspen US Liability Head: Expect Growth in Construction, Hospitality in 2022

As the economy continues to rebound after the pandemic, insurers expect to see growth in construction and hospitality business in 2022, said Rebecca Gitig, head of US primary liability for Aspen Insurance.
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