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Group operations will be reorganised, with all technology responsibilities falling under Ladva’s remit.
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Deals for CNA, Zurich, AIG, Sompo and Axa XL highlight the intense demand among reinsurers for casualty and professional liability pro rata business. -
The BMS meteorologist said early data indicated “truly historic outbreak”, and that similar events typically cost the industry in the low-single digit billions of dollars.
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Panel turnover could be on the rise, as retro change may have a knock-on impact
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Plus the latest executive moves and all the top news from the week.
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The pricing outlook is murky with few FoTs in the market, but payback for Bernd is certain.
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The resignation of Michael O’Connor comes amid several recent departures from Ascot.
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The target firm deals in engineering, energy, P&C and specie.
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In a recent report, the ratings agency cited rising loss cost inflations, enhanced market discipline, and growing demand for reinsurance capacity as the industry approaches January 1 renewals.
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The executive was speaking at an investor day following the deal to sell PartnerRe to Covea.
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The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.
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Increasing cat costs will drive the focus on modelling and price adequacy, the intermediary said.
