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Legacy firm Fortitude Re forms Bermuda reinsurer and buys US platform for growth

In addition, Fortitude Re’s subsidiary Fortitude Reinsurance Company has obtained approval to operate as a reciprocal jurisdiction reinsurer in the US.

Luke Harrison, 07 January 2022
US cat reinsurers have given up a big real terms rate reduction: Brindle

Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.

Samuel Casey, 07 January 2022
Rate reductions still not possible in loss-hit marine liability market: Miller

The broker said that the there was an increased differentiation in pricing compared to 2021.

Samuel Casey, 06 January 2022
Space insurance rates set to stabilise in 2022 as losses fall: Gallagher

The market is becoming more of a buyers’ market as new capacity arrives.

Aisling Finn, 06 January 2022
‘Right to repair’ regulation throws curveball for UK recall market

Underwriters are keeping a watching brief on how the regulation may influence claims trends.

Luke Harrison, 06 January 2022
Increased airline capacity to create more stable market in 2022: Gallagher

Some airline accounts registered rate decreases as competition ramped up towards the end of 2021, according to the broker.

Aisling Finn, 06 January 2022
Hiscox makes another D&O hire with BHSI’s Otto

The carrier has been rebuilding its D&O team after a number of staff left to launch new books of business.

Samuel Casey, 06 January 2022
Chaucer appoints Nanra as CEO of SLE Holdings

In his new role, Raj Nanra will be responsible for the leadership, strategic delivery and financial result of SLE Holdings (SLE Worldwide Australia).

Luke Harrison, 06 January 2022
IAG maintains cat reinsurance cover up to A$10bn ($7.2bn)

The Australian insurer paid a mid single-digit rate increase for the reinsurance cover.

Liz Bury, 06 January 2022
CFC to merge eHealth, medical malpractice and allied health teams

The new team now counts 15 underwriters working with 1,600 brokers across 80 countries to reach more than 6,000 clients.

Aisling Finn, 06 January 2022

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