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Carriers in the class are reassessing risk appetites amid inflation, the Ukraine war and a growing risk of countries defaulting on sovereign debt. -
North American companies also pay executives more relative to company size than European rivals.
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The median 2021 compensation of industry leaders in the US and Canada was $7.7mn, compared to $4.9mn in Europe.
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Inflationary pressure, increased demand and negotiations over attachment points are among the factors that reinsurers believe are ramping up pressure in the catastrophe space.
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Metromile’s Preston and Lemonade co-CEOs Wininger and Schreiber all joined industry stalwarts in this year’s top 10.
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Claims inflation and the risk of a major marine war loss crystalising in March 2023 is looming over an otherwise buoyant marine market.
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Following the war in Ukraine, sources expect an uptick in reinsurance costs, a decline in risk appetite and business moved away from market facilities.
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Are we set for the shortest softening D&O market ever?
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As London market carriers encourage parental leave take-up, Insurance Insider explores whether the HR benefit can be a tool to tackle the industry’s diversity issue.
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The French reinsurer faces a number of hurdles as it looks to set its new corporate strategy. We outline the challenges ahead.
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Organisers perceive a clear runway ahead for planning events, after over two years of restrictions on gatherings.
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Insureds are also buying less limit to manage spend, which is impacting the flow of business to the London excess market.
