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Travelers loses $125mn from aggregate reinsurance treaty as supply shrinks
The insurer increased its occurrence treaty coverage by $300mn as the aggregate deal shrank, following a full loss to reinsurers in 2021.
Jairo Ibarra
,
20 January 2022
Texas port gas explosion triggers $200mn total loss for London marine market
The full-limits loss on the placement has raised alarm as a stark example of the impact social inflation in the US is having on claims severity.
Catrin Shi
,
20 January 2022
Applied Underwriters slams ‘meritless’ QBE lawsuit
In a press statement, the company decried lawsuits filed by QBE against four Applied employees, and against Applied itself for hiring them.
Luke Harrison
,
20 January 2022
WTW appoints Aon’s Weda as Benelux head of corporate risk and broking
Stefan Weda will also take on the role of head of CRB for WTW Netherlands.
Aisling Finn
,
20 January 2022
Travelers exhausts $350mn aggregate reinsurance after Q4 cats
This was the second year the insurer drew down its full reinsurance limit.
Martha Muir
,
20 January 2022
Marsh’s Peacock departs for Gallagher’s construction team
Mark Peacock has been made a partner in the broker’s construction practise within its UK speciality division.
Luke Harrison
,
20 January 2022
InsurTech funding reaches $15.8bn in 2021
The total funding more than doubled, with InsurTechs raking in $15.8bn across 563 deals compared with $7.1bn across 377 deals the year previous.
Aisling Finn
,
20 January 2022
Howden now bigger than JLT before its 2018 acquisition: CEO
The expansive intermediary this morning reported 19% organic growth for the year to 30 September 2021.
Rachel Dalton
,
20 January 2022
SiriusPoint invests in real estate MGA Honeycomb
The deal makes SiriusPoint the lead underwriting capacity provider for Honeycomb.
Luke Harrison
,
20 January 2022
Lloyd’s appoints Chubb’s Miller as commercial director
Dawn Miller is stepping into the role that Caroline Dunn left in September 2021.
Aisling Finn
,
20 January 2022
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