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Axis cut cyber exposure by 40%, averaged 50% cyber rate increases in 2021

Rates across Axis’s insurance book rose by 14% in 2021, roughly matching the 14% rate increases Axis said it achieved across its insurance portfolio in 2020.

James Thaler, 28 January 2022
Axis is prioritizing profitability over growth in reinsurance: CEO Benchimol

The executive also said that in many cases, the increases in ceding commissions that buyers were looking for were “too much”.

James Thaler, 28 January 2022
Retraction to ILS asset base at 1.1 highlights cat renewal challenges

Many ILS firms opened 2022 with reduced assets under management, in a bearish signal for the mid-year renewals.

Fiona Robertson, 28 January 2022
Bolttech mulls further fundraise of up to $300mn: Report

The raise would come after an oversubscribed $210mn Series A in 2021.

Rachel Dalton, 28 January 2022
Neal: Lloyd’s Blueprint Two will deliver ‘fundamental change’ by late 2023

Discussing tomorrow’s publication of the Blueprint Two interactive guide, the Lloyd’s CEO said market reforms will slash servicing costs by 40%.

Rachel Dalton, 27 January 2022
Marsh McLennan’s Glaser ‘very wary’ of wage inflation

The broker went on a hiring spree in 2021, a year that also saw the business post its best-ever results.

Samuel Casey, 27 January 2022
Switzerland-based Hesse & Partner and Verbag rebranded as Gallagher

The businesses will be rebranded from 31 January, which Gallagher said “completes” the integration of the firms.

Luke Harrison, 27 January 2022
Inigo to launch in onshore energy with Liberty Specialty Markets’ Talbot

The Richard Watson-led carrier will enter a class that has undergone a period of substantial rate rises.

Samuel Casey, 27 January 2022
Parsyl secures $25mn and announces US MGA

The supply-chain InsurTech is also broadening the scope of its Lloyd’s syndicate.

Rachel Dalton, 27 January 2022
Demand for surety bonds 'through the roof' amid financial instability

However, underwriting criteria has “tightened” as a result of unpredictability over company finances and previous loss activity.

Luke Harrison, 27 January 2022

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