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Ida’s increased complexity puts the loss into the $30bn+ range

This year’s nat-cat losses are hitting harder for reinsurers, as the top three events are larger in scale than any since 2017.

Fiona Robertson, 22 September 2021
Castel hires Ker from Apollo for new head of performance role

Doug Ker will work to enhance levels of profitability across the firm’s underwriting cells.

Samuel Casey, 22 September 2021
Reinsurance market remains ‘stable’ off improved pricing dynamics: AM Best

AM Best sees positive market trends in reinsurance including more restrictive terms and better rates.

Giovanna Bellotti Azevedo, 21 September 2021
HDI Global names Sapia director of liability underwriting

Industry veteran David Sapia will join the leadership team of expansion focused HDI Global.

Eileen AJ Connelly, 21 September 2021
HW Kaufman ventures into South American market with Prospect Brokers Chile deal

The transaction marks the 11th international acquisition by Kaufman in the past nine years.

Jairo Ibarra, 21 September 2021
KCC warns of potential $30bn CA wildfire losses after model launch

The modelling firm has aimed to incorporate climate change impacts into its assessment of wildfire risks.

Liz Bury, 21 September 2021
Bernd claims deteriorate for Provinzial while Gothaer takes heavy hit

Provinzial confirmed its claims had risen above EUR1bn and it now estimates they could reach EUR1.5bn.

Alex Frampton, 21 September 2021
Sherman returns to D&O market to build book at Wimsure

The underwriter, who used to head up D&O at Starr and Barbican, will lead an expansion into the class at the professional indemnity MGA.

Samuel Casey, 21 September 2021
Axa UK hires Willis’s Ovenden as CUO for commercial business

Axa UK has appointed David Ovenden from Willis Towers Watson as CUO for its commercial business, a role where he will be tasked to deliver pricing and underwriting programmes and oversee a continual development of underwriting capabilities.

Marcel Le Gouais, 21 September 2021
Sompo International to buy Italian agriculture insurer ARA

The deal is expected to be concluded within the first quarter of 2022.

Luke Harrison, 21 September 2021

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