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First estimates point to modest Ida energy loss but uncertainty remains

Market sources said there had been no reports of major incidents, but damage assessments would begin in earnest today.

Samuel Casey, 01 September 2021
Ida a ‘manageable loss’ for reinsurance industry: AM Best

The ratings agency said that a surge in demand could add to the costs of rebuilding.

Samuel Casey, 01 September 2021
Reinsurance carriers starting to ‘turn the corner’ after years of low returns: AM Best

Capital positions remain strong even in the context of the pandemic, but innovation is required to keep up their position of influence in the global economy.

Liz Bury, 31 August 2021
Hurricane Ida: London braced for biggest nat cat loss since 2017

The storm could bring losses of $20bn-$25bn in losses across property cat, D&F, binders and energy.

Insurance Insider team, 31 August 2021
Ascot launches reinsurance platform for ‘single point of entry’

Across London, the US and Bermuda, Ascot Re will provide P&C, PI and specialty lines cover via its new aligned division.

Luke Harrison, 31 August 2021
Zurich promotes Mantero to group chief strategy officer

Paolo Mantero replaces Giovanni Giuliani, who is to become Zurich Italy CEO.

Rachel Dalton, 31 August 2021
Willis unveils new global leadership team and structural rejig

The broker also announces that Nicolas Aubert is set to leave the company to “pursue new interests”.

Luke Harrison, 31 August 2021
Markel International’s wholesale managing director Hastings resigns

The move follows change in senior management at the business, with Simon Wilson set to succeed William Stovin as president.

Catrin Shi, 31 August 2021
Carriers’ shares dip after Ida pummels Louisiana

Reinsurers, commercial and specialty carriers stocks edge down after Hurricane Ida, in line with dip in S&P Insurance Index.

Jairo Ibarra, 31 August 2021
Louisiana and Mississippi face weeks without power after Ida devastation

Experts fear for survivors, who now face an intense heatwave and up to a month without electricity.

Rachel Dalton, 31 August 2021

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