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US April reinsurance renewals expose emerging ‘sticker shock’ for buyers
There is a tension between securing payback and negotiating higher retentions.
Fiona Robertson
,
31 March 2022
Perils pegs loss from February European windstorms at EUR3.3bn
Most of the losses occurred in Germany, followed by the Benelux states, the UK and France.
Samuel Casey
,
31 March 2022
Data Council agrees CDR content in major step towards digitisation
In a landmark step for the Blueprint Two programme, the Data Council has agreed the content of the core data record for all risk classes.
Marcel Le Gouais
,
31 March 2022
Navium Marine adds ex-Atrium underwriter McCombes to growing team
The MGA has had a major impact on the marine market since its launch, writing a substantial amount of business.
Samuel Casey
,
31 March 2022
Optio MGA Ascent withdraws from cyber market in failed binder renewal
The MGA will not trade for the foreseeable future after Munich Re and Ascot decided to pull its paper.
Catrin Shi
,
31 March 2022
Ascot sales process launches as market wrestles with Russia-Ukraine exposures
NDAs have been sent out to global insurance groups and heavyweight PE firms, it is understood.
Adam McNestrie
,
30 March 2022
Del Vecchio backs Caltagirone’s alternative Generali board and CEO nominees
Del Vecchio also backed the need for “major and transformative transactions” to pursue growth.
Luke Harrison
,
30 March 2022
Reinsurers set for calm Japanese renewal as XoL rate increases taper off
Wind excess-of-loss treaties renew with gains between 2% and 5% in “underwhelming” renewal.
Rachel Dalton
,
30 March 2022
Kin’s Hestia Re cat bond upsized to $150mn-$200mn
Pricing rose to 950 bps, the higher end of guidance.
Martha Muir
,
30 March 2022
Guy Carpenter takes Pool Re’s Enoizi as global head of public sector
Pool Re announced in November that Enoizi was departing after leading the state-backed reinsurer since 2013.
Samuel Casey
,
30 March 2022
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