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The recent Italian hail and Bernd losses show some companies are relying on outdated models. -
The broker has made a string of hires in its upstream energy division.
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Environmental activism and terrorist activity are also set to rise.
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Underwriters said there was some cause for concern around reinsurance coverage.
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The expansive carrier has hired heads of marine for France and Spain.
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Transatlantic competition, rising valuations and price undercutting set a challenging scene.
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Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
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The market remains “delicately balanced” amid global conflicts and claims deterioration.
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The new CEO needs to fix the underwriting, but should also ask the bigger questions.
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Copenhagen Infrastructure Partner’s policy is subject to a sub-limit for hail damage.
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The owner and manager of the cargo ship Dali have filed suit to cap liability at $43.7mn.
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Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
