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AnotherDay advises on complex threats and crisis management.
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The insurer is moving forward with talks to acquire the US hybrid fronting carrier, according to a Japanese newspaper.
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The ICA said that, of the 34,400 claims received for the nat cat event in July last year, 93.4% of those are now closed.
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The carrier also increased its GWP by 82%, raising it to $807mn in H1 2022 compared to $445mn last year.
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The steep increase in reinsurance recoveries helped offset the higher number of natural disasters in Australia and New Zealand for the year to June 2022.
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Former Odyssey Group cyber chief Robert O’Connell is looking to raise up to $1bn of capital to launch a monoline cyber reinsurer, this publication can reveal.
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The Q2 deterioration in Geico’s underwriting performance was offset by improvements in its other divisions.
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The decision is in line with the responses from AM Best and Moody’s over the company’s reorganisation plan announced July.
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The carrier said the movement was driven by unfavourable bond performance and reserve deterioration.
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The carrier is launching into marine as part of a strategic buildout in primary insurance.
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Becky Allison will work to help clients optimise value through more resilient enterprise structures.
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Helena Kazi is set to launch an InsurTech MGA later this year that will provide “hyper-personalised” insurance to the gig economy.
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