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2021 cat losses nearly 50% higher than long-term average: Jefferies
Jefferies’ report shows that cat losses have been spread across a broader range of perils and regions this year.
Luke Harrison
,
17 December 2021
Everest Re extends president and CEO Andrade’s employment agreement
Juan Andrade’s employment agreement has been extended through the end of 2023, with automatic annual extensions following this term.
Luke Harrison
,
17 December 2021
The Week in 90 Seconds: Midwest tornadoes, D&O pricing, Markham on Hiscox London Market plans, Ardonagh re-fi
Plus, the latest executive moves in the sector and all the top news of the week.
Rachel Dalton
,
17 December 2021
British Columbia floods to cause $2bn economic loss: Aon
The flooding had ‘catastrophic’ impacts on the province including damage to homes and agriculture.
Rachel Dalton
,
17 December 2021
Excess D&O pricing starts to drop as increased capacity eases pressure
The market was divided about the outlook for 2022, with some predicting a substantial reduction in rates.
Samuel Casey
,
17 December 2021
Sompo Holdings CEO handed chairman role in reshuffle
Several other executive officers are also moving roles, all of which will come into effect on 1 April 2022.
Aisling Finn
,
16 December 2021
Covea inks $9bn definitive agreement with Exor for PartnerRe
The reincarnated $9bn deal is moving a step closer to completion.
Fiona Robertson
,
16 December 2021
Zurich acquires AI firm AlphaChat to enhance virtual assistant experience
AlphaChat’s technology will be deployed across all of Zurich’s business channels.
Aisling Finn
,
16 December 2021
S&P upgrades Suncorp credit rating to A+
The rating agency has also given the Australian carrier a stable outlook.
Rachel Dalton
,
16 December 2021
Gap between best- and worst-performing cyber insurers will widen: CyberCube
CyberCube also forecast that fresh capital will start to flow into the cyber insurance market next year.
Aisling Finn
,
16 December 2021
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