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The exit in London comes at a time of wider market discussion around the adequacy of cat pricing. -
The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year.
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The fairly late notification and the size of the claim have prompted some to question whether further substantial Uri claims could be in the pipeline.
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Plus the lowdown on CFC’s syndicate capacity and all the top news from the week.
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The mid-year renewals are seeing a continued slowdown in rate rises for the property D&F market.
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HDI is looking to streamline its Talanx operations in Germany and bring together 7,650 staff under one new company.
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Outside the US, two Indian cyclones are expected to have caused more than $4.5bn of economic losses.
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Beazley is one of the leading players in property D&F business in London, writing a global book with a US focus.
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The appointment follows the hire of MS Amlin reinsurance underwriter Dominic Peters as CUO.
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Rates are up an average of around 10%, half the magnitude of a year ago.
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The Week in 90 Seconds: Biometric data and cyber; Greensill collapse; Guy Carpenter’s Priebe on pandemic risk; Texas storm; Marsh McLennan’s Glaser
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The claim from the TASB Risk Management Fund is one of the first pieces of loss information to come to light following the Texas deep freeze.
