Flood Re chief executive Brendan McCafferty has responded to criticism from Lord Krebs, a member of the Committee on Climate Change (CCC), that the UK state-backed flood reinsurer will not create value for money.
The systemic threat posed by cyber risks is so great that governments should help shoulder the burden, Catlin CEO Stephen Catlin told an audience at the seventh annual Insider London event last week (5 February).
Global broker Aon shrugged off a soft reinsurance market to report a 3 percent increase in organic revenue for its Aon Benfield reinsurance broking business in the fourth quarter compared to the same period of 2013
