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Everest Re predicts June ‘opportunity’ amid dislocated retro market

The exit of key Florida insurers could spur rate increases.

Martha Muir, 10 February 2022
Beazley CEO hails ‘extraordinary’ year for cyber as GWP nears $900mn

Beazley’s Smart Tracker syndicate also reported a 49% increase in GWP to $198.2mn as the company pushed ahead with top-line growth across the board.

Luke Harrison, 10 February 2022
Hagemann Snabe steps down from Allianz SE board

Snabe stepped down following concerns he sat on the boards of too many organisations including Siemens, AP Moller-Maersk and the World Economic Forum.

Aisling Finn, 10 February 2022
Cyber threats more dangerous and destructive than ever: Tokio Marine

In the past year, criminals held more than $600mn in ransom, stole millions of citizen records, compromised a billion airline-passenger details and threatened the IT operations of 40,000 businesses.

Aisling Finn, 10 February 2022
Mapfre triples Q4 profits to EUR240.8mn

The carrier’s reinsurance unit upped profits by 53%, with reduced expenses benefiting the combined ratio.

Samuel Casey, 10 February 2022
Markel hires Hiscox’s Wakeham as North America head of terrorism

The appointment marks Markel International’s entry into the US war and terrorism market.

Luke Harrison, 10 February 2022
Zurich ups retention on part-placed cat agg treaty

The carrier also increased its levels of co-participation on the upper layers of the cover.

Rachel Dalton, 10 February 2022
Beazley swings back to $369.2mn profit as it emerges from Covid-19

Gross premiums written increased by 30% to $4.6bn for 2021. The biggest growth was seen in cyber and risk and market facilities, which both increased by 48.6%.

Luke Harrison, 10 February 2022
InsurTech FloodFlash scoops $15mn Series A, eyes US expansion

The firm will now accelerate plans to expand in the US, its major target market, as well as Germany, Australia and Japan.

Aisling Finn, 10 February 2022
Zurich 2021 P&C profit up 50% on improved pricing, lower Covid impact

The carrier increased P&C pricing by 7% in 2021.

Rachel Dalton, 10 February 2022

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