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Axis cut property catastrophe cover by 10% at 1.1: CEO Benchimol

Climate change risk is not yet being properly reflected in pricing, the company chief warned.

Kit Heren, 28 January 2021
Rate increases show signs of deceleration: Marsh’s Doyle

Doyle’s comments follow bullish commentary from underwriting executives and a Travelers disclosure last week that the pace of gains had slowed.

James Thaler, 28 January 2021
InsurTech valuations driven by ‘investor hype’: Willis Re’s Johnston

Companies with strong brands still fall down on “traditional success criteria”, the InsurTech head says.

Anna Sagar, 28 January 2021
MMC underlying revenue +1% in Q4, RIS margins contract 220bps

Marsh grew its underlying top line by 4%, while Guy Carpenter gained by 5%.

James Thaler, 28 January 2021
MS Amlin Underwriting taps BoE and Lloyd’s for CRO and chief actuary

Vishal Desai will replace Giles Holland as CRO while Catherine Scullion takes a newly created role.

Rachel Dalton, 28 January 2021
London market ‘not out of woods’ on underwriting remediation: Insider London Live

Panellists at the event say new capital in the market has yet to dampen rate momentum.

Anna Sagar, 28 January 2021
Cyber market is fighting, not fuelling, ransomware surge: CFC’s Newman

The executive responds to claims that cyber insurance “funds organised crime”.

John Hewitt Jones, 28 January 2021
InsurTech funding reaches all-time annual high of $7.1bn in 2020: Willis Re

Fourth-quarter funding recovers to $2.1bn, but remains 17% lower than the previous quarter.

Anna Sagar, 28 January 2021
Aon’s post-deal reinsurance leadership decision marks a clear departure from the adversarial Benfield integration.

Aon’s decision on its post-deal reinsurance leadership shows it has moved past tactics of its Benfield-era integration.

Fiona Robertson, 28 January 2021
Axis Q4 underlying margin improvement overshadowed by Covid-19 losses

The (re)insurer cut exposure to reinsurance during Q4, with GWP falling by 20%.

James Thaler, 28 January 2021

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