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Marsh McLennan appoints Piccolomini, Tomlinson to drive cross-firm collaboration
They will lead a new effort to deliver “innovative solutions” at the intersections of Marsh, Mercer, Guy Carpenter and Oliver Wyman.
Latest News
The carrier said GWP was up 12.7% to EUR33.3bn.
It is understood that Lyons has been set to retire from the company in the summer of 2023.
The losses result from incidents throughout construction of the Sakarya gas field, including damage to a subsea pipeline from an earthquake.
CEO Sheila Cameron has called for “sharp focus” on market transformation.
Opinion
Opinion
Algorithmic exchange InsurX signs backers for coverholder expansion
The platform has gained Lloyd’s coverholder status along with capacity from Beazley, Axis and Greenlight Re, and started to bind risks in contingency, before expanding to other business lines.
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Hannover Re 2022 group net income up 14.6% to EUR1.4bn
01 February 2023 -
Dismissed AIG interim CFO Lyons receives $7.5mn in severance
31 January 2023
Analysis
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.
At least $7.8bn in reserves was transferred from the live market to legacy carriers last year, with Enstar the leading acquirer.
Despite a cooling economy, cost of living pressures are keeping wage inflation and mid-pay employee pressures on base.
More News
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Lloyd’s to pay select staff second cost-of-living bonus
01 February 2023 -
Ascot head of reinsurance Cantlay retires
01 February 2023 -
Guy Carp US property cat RoL index up 31.3% for 1.1 renewals
31 January 2023 -
Hannover Re expects net income to hit EUR 1.7bn for 2023
31 January 2023
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QBE posts drop in gender pay gap, commits to ethnicity targets
31 January 2023 -
Regulators approve Everest Insurance launch in Spain
31 January 2023 -
Arch Insurance UK names four new regional underwriting heads
31 January 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.
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Trading Risk London ILS 2023
Navigating market turbulence: signalling a change in the alternative reinsurance market
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From our other titles
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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.
