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QBE European Operations hires Collinson’s Besant for CCO role

QBE Europe’s new chief customer officer Andy Besant will report to Cécile Fresneau, managing director for insurance.

Luke Harrison, 10 September 2021
Product recall market staring down the barrel of $150mn Chevy Bolt loss

The automotive company’s total costs for the recall are expected to eventually tally up to around $1.8bn.

Luke Harrison, 10 September 2021
(Re)Connect day four – Getting a grip on secondary perils

Ongoing high claims from risks such as winter storm, wildfire or convective storm are playing into the climate-change debate over whether and to what extent cat reinsurers are mispricing their business.

Fiona Robertson, 10 September 2021
Lloyd’s H1: Getting on the front foot

In discussing the results, the tone coming from the 11th floor of 1 Lime Street was noticeably more confident and self-assured.

Catrin Shi, 10 September 2021
2021 has completely transformed how we think about risk: Guy Carpenter

The broker warned that the risk of a systemic cyber loss “is beginning to feel more like an inevitability.”

Eli Rallo, 09 September 2021
Willis aims to stem rush of talent to the exits, after 22% leap in attrition

After Willis Towers Watson’s attrition rate rose 22% amid the Aon merger uncertainty, executives are seeking to dial back a talent drain.

Eileen AJ Connelly, 09 September 2021
Willis sets 24%-25% operating margins target with +$300mn cost savings

The broker expects to increase its revenues to $10bn by 2024.

Jairo Ibarra, 09 September 2021
SiriusPoint adds EUR40mn-EUR70mn to Bernd Q3 loss estimate

The upward revision reflected significantly increased industry expectations, it said.

Liz Bury, 09 September 2021
Lloyd’s to permit cyber growth for those who show excellence: Tiernan

Patrick Tiernan’s comments come as many cyber players in Lloyd’s prepare to ask the Corporation for budget extensions in the face of hard-market conditions.

Catrin Shi, 09 September 2021
Reinsurers bullish on 1.1 increases as EUR10bn+ Bernd loss looms

European cedants are bracing for a ‘sizeable price correction’ after the scale of summer flooding took reinsurers by surprise.

Rachel Dalton, 09 September 2021

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