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The Hartford’s Robinson to land at MGA group Optio

David Robinson will work in a senior business management role and report to CEO Matthew Fosh.
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Howden hires Lancashire’s Redhead for Bermuda treaty and capital markets unit

The hire comes after the intermediary agreed to buy Bermudian business Foram.
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Marsh McLennan hires 5,000 staff and sees no soft market in near term: Glaser

The broker revealed continued pricing momentum, with cyber conditions fuelling 32% rate rises in financial and professional lines.
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Marsh posts 13% Q3 organic growth in another bumper earnings

The broker has reported consecutive quarters of huge growth following a hit during the pandemic.
Opinion

California oil spill loads pressure on challenging IG reinsurance renewal

Sources said that the incident near Huntington Beach had the potential to exhaust the $1bn oil pollution reinsurance tower.
15 October 2021
Analysis
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Cession ratios of (re)insurers on the rise throughout 2010s

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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ESG emerges as latest risk in claims-hit D&O sector as hard market eases

Increased disclosures being released by companies heighten the risk of inaccurate or misleading statements.
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ESG drive puts product recall market resilience to the test

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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Cyber in a ‘truly’ hard market as rates accelerate and capacity contracts

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.
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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.
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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.
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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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