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Global insured cat losses reach $112bn in 2021: Swiss Re Institute

Hurricane Ida was the main loss-making event, but once again secondary perils generated more than half of global losses, according to the latest Sigma report.

Martha Muir, 14 December 2021
Brit pilots first continuous contracts for delegated authorities

The continuous contracts will go live in January 2022 and be powered by a data-driven review process.

Luke Harrison, 14 December 2021
Mapfre to make $984mn payment over Ituango Dam

Empresas Publicas de Medellin will receive a $633mn payment in January 2022, in addition to a previously made $350mn payment, according to reports.

Luke Harrison, 14 December 2021
MGA Arrow Risk appoints Axis’ Gorman as underwriting practice leader

Toby Gorman will be responsible for managing a portfolio of North American property binder business.

Luke Harrison, 14 December 2021
US tornadoes: Early gut-feel impact for the London market

D&F sources were generally optimistic that this segment would avoid major claims, although said it was early days.

Catrin Shi, 14 December 2021
Doyle to return to market with JC Flowers-backed MGA start-up

The former Dual CEO will run a unit in the same stable as the private equity firm’s broker, Oneglobal.

Rachel Dalton, 14 December 2021
InsurTech start-up Ibisa raises seed funding with Insurtech Gateway

The start-up can now expand operations in new territories to help farmers recover from extreme climate events.

Aisling Finn, 14 December 2021
PIB launches into Dutch markets with Light acquisition

The Dutch-based intermediary specialises in health, income protection and pension advice as well as P&C.

Rachel Dalton, 14 December 2021
Talbot appoints Marsh’s McCoy to crisis management team

McCoy’s appointment follows the news that ERS-owned IQUW is venturing into recall with a crisis management product led by Talbot’s Jon Atkinson.

Luke Harrison, 13 December 2021
Fatal tornadoes: A manageable loss, but outsized disruption

This late in the year, where the claims land in terms of historic tornado loss parallels is almost irrelevant to the question of disruption, as the event will compound existing delays.

Fiona Robertson, 13 December 2021

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