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Renewable insurers face soaring losses as commodity prices skyrocket: GCube

Clients face under-insurance for BI if their coverage is not adjusted to reflect energy price rises.

Samuel Casey, 25 May 2022
Marsh’s Neild to join Howden as head of UK cyber retail

Sarah Neild will be based in London and will join Howden in November.

Luke Harrison, 25 May 2022
Moody’s upgrades Axis to stable on improving profitability

The ratings agency cited beneficial insurance and reinsurance pricing and a reduction in the carrier’s catastrophe risk exposure.

Aisling Finn, 25 May 2022
R&Q shares down 40% as Brickell moves to terminate takeover plan

Randall & Quilter (R&Q) has received a letter from Brickell PC Insurance Holdings advising it that it is “in breach of certain obligations” under the terms of its takeover agreement.

Aisling Finn, 25 May 2022
Ukraine marine war premium falls as more ships opt to self-insure

A lack of income opportunities in the region has triggered speculation about how pricing models may have to change.

Samuel Casey, 25 May 2022
Florida tort reform welcomed but Cat Fund extension falls short of hopes

Industry association FAIR said a full reinsurance backstop should be provided.

Fiona Robertson, 23 May 2022
NOAA forecasts above-average hurricane activity for 2022 season

NOAA predicts there is a 65% chance of an above-normal season, a 25% chance of a near-normal season and a 10% chance of a below-normal season.

Aisling Finn, 24 May 2022
Axa XL promotes financial lines chief Benet to global CUO

The executive replaces Nancy Bewlay, who has moved to run the reinsurance division.

Rachel Dalton, 24 May 2022
InsurTech Cygnvs raises $55mn in series A round

The InsurTech (pronounced Signus) provides clients with the ability to securely connect and collaborate with brokers, insurers, vendors and policyholders.

Aisling Finn, 24 May 2022
NFP chooses TigerRisk for FI line slip mandate

The line slip will allow carriers, MGAs and ILS funds to transact directly with the Lloyd’s market.

Rachel Dalton, 24 May 2022

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