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Five-year average cat impact on CoRs to continue rising in 2021: Willis Re
Increasing cat costs will drive the focus on modelling and price adequacy, the intermediary said.
Rachel Dalton
,
23 November 2021
Axa UK brings in industry outsider for commercial COO role
Ursula Wyman joined the business on 15 November, and reports to Jon Walker, CEO of Axa Commercial.
Luke Harrison
,
23 November 2021
Guy Carpenter and Marsh merge South Africa fac reinsurance operations
The unit will be led by Don Wright and will operate as a combined unit from January 1.
Luke Harrison
,
23 November 2021
The Irma counter-reaction: Hopes grow that $35bn Ida estimate will prove over-done
Nearly three months on, the event still seems heavily stacked towards residential claims.
Fiona Robertson
,
23 November 2021
Morning Data offers data model to entire industry via Acord
The London market software provider is helping firms undergo modernisation by offering its data model assets via the standards body.
Marcel Le Gouais
,
23 November 2021
Lloyd’s launches parametric cyclone insurance product in Australia
The Redicova product is led by Beazley with initial reinsurance from Axa XL, Hiscox and RenaissanceRe – all members of the Disaster Risk Facility at Lloyd’s
Luke Harrison
,
23 November 2021
PCS ups its Ida loss estimate by $1.5bn to $27.4bn
The loss-tracking agency’s claims total for Louisiana rose by roughly $1bn, as losses hitting New York increased by $0.5bn.
James Thaler
,
23 November 2021
Integrated underwriting and capital strategies growing at Lloyd’s: Aon
A total of 87% of survey respondents are looking to grow their stamp.
Samuel Casey
,
22 November 2021
Lloyd’s places 58 under consultation as Blueprint Two work streamlined
The roles of full-time staff and those on fixed-term contracts are subject to a consultation process now underway.
Marcel Le Gouais
,
22 November 2021
Willis Re faces one last talent flight window under UK Tupe rules
Gallagher has pushed retention and equity awards unusually far down the organisation as it looks to keep the team intact.
Adam McNestrie
,
22 November 2021
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