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Gallagher Re: Mixed outcomes and strained relationships after ‘tense’ 1.1 renewal

Negotiations were dragged out by decisions being referred for sign-off at senior levels.

Rachel Dalton, 04 January 2022
January renewals show ‘healthy’ but ‘bifurcated’ market: Guy Carpenter

The broker’s property cat RoL index jumped by almost 11% as capacity was more constrained for retrocessional and frequency-exposed property treaties.

Giovanna Bellotti Azevedo, 03 January 2022
Top takeaways on 1.1: Cat aversion the central dynamic

Quick progress on a late reinsurance renewal has closed many gaps but private deals have proliferated, making overall outcomes more opaque.

Fiona Robertson, 31 December 2021
State of emergency in Colorado as wildfire engulfs ~600 buildings

The fires are being fanned by winds of up to 115mph around the towns of Superior and Louisville.

Samuel Casey, 31 December 2021
Conduit makes first share repurchase in $10mn buyback programme

The reinsurer announced its repurchase programme earlier this week to meet future obligations under incentive schemes.

Samuel Casey, 31 December 2021
Willis trio of directors to step down amid activist pressure

The three new directors that will not seek reappointment take the total board members standing down to five.

James Thaler, 31 December 2021
Malaysian insurers face flood losses of up to $718mn

The country’s insurance industry is also contributing to a flood relief fund.

Samuel Casey, 30 December 2021
Bernd pushes German cat losses to record EUR12.5bn in 2021

Extreme flooding combined with hailstorms led to Germany’s worst loss year since records began in 1970.

Samuel Casey, 30 December 2021
Fairfax completes $1bn share repurchase after Odyssey stake sale

Fairfax completed the sale of a $900mn stake in Odyssey Group to CPPIB and Omers earlier this month.

Samuel Casey, 30 December 2021
Hamilton divests Dubai MGA to original founder

CEO David Austin will return the business to its former name, Visionary Underwriting Agency.

Rachel Dalton, 29 December 2021

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