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Global commercial pricing rises 15% in Q3 amid cyber rate surge

Marsh believes market hardening peaked in Q4 2020, although cyber price rises hit 96% in the US during Q3.

Rachel Dalton, 26 October 2021
Former Talbot contingency head Norris lands at Marsh

Alan Norris’s colleague Ian Ritchie has joined Munich Re Syndicate after Talbot exited contingency following heavy pandemic losses.

Samuel Casey, 26 October 2021
London market trade bodies lobby Treasury for innovation funding

New funding could address long-standing industry challenges and help the market’s move to digitisation, according to a letter from six trade bodies to the UK Treasury.

Samuel Casey, 26 October 2021
Markel revises terms on Catco buyout deal

The company cited “substantial support” from investors on the updated terms.

Luke Harrison, 26 October 2021
AmTrust pulls sale of its £1bn+ European business

Sources said that the US commercial lines player had not received bids that met its expectations.

Adam McNestrie, 26 October 2021
Opinion: Encore une fois – Covéa-PartnerRe and the lack of eligible buyers

Engaging with the French mutual as an M&A counterparty represents a high-risk strategy for Exor.

Rachel Dalton, 26 October 2021
Catalina announces promotions and hires amid structure changes

The business has seen an exodus of senior staff members in the past two years, including founding CEO Chris Fagan.

Samuel Casey, 26 October 2021
AIG replaces CFO Lyons with shared services head Fitzsimons

Lyons will move to a chief actuary post at year end, as AIG reshuffles its senior leadership ranks ahead of its life and retirement business IPO next year.

Giovanna Bellotti Azevedo, 25 October 2021
RenRe underwriting loss widens to $679mn in Q3, the worst since 2017

The reinsurer grew GWP by 55% – to $1.77bn – helped by a surge in reinstatement premiums, but the company was weighed down by $727mn in net cat claims.

Jairo Ibarra, 25 October 2021
Antares 1274 cuts Lloyd’s stamp by 9% for 2022 but ups dollar GWP

The syndicate writes most of its premium in US dollars, and the approved plan will see a 9% GWP uplift on a like-for-like basis.

Samuel Casey, 25 October 2021

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