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.

The Canopius MGA has reached $130mn of premium, but is moving to secure third-party support to scale up further.

Fidelis chairman Richard Brindle said a shift towards named cat perils and away from complex structures is underway, but that carriers need more unity between inwards and outwards teams to navigate the harder market.  

The Gallagher UK chair has been nominated as an Aldermanic Sheriff for 2023, which involves closer work with the Lord Mayor on trade and investment matters.

The Corporate Risk and Broking head of global lines of business said staff and client attrition has been reversed – and cast doubt on predictions of further specialty market hardening.

The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.

Richard Dudley, global head of climate strategy at Aon, says existing products such as IP coverage can help insurers take a leading role in opening up investment for new climate transition technology.

The impact of Ian losses on SiriusPoint’s total equity was ~3.5%, lower than RenRe and Everest, and in line with Axis.

The Gulf Coast state is keen to distance itself from Florida’s insurance woes but is resistant to some underlying changes.