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Marine market ‘walking in the blind’ on cyber risks

Delegates at the Marine Insurance London conference said that the sector needed to embrace data and innovation.

Samuel Casey, 14 December 2020
HX’s Flandro: Traditional (re)insurance model vanished in 2008

The data and analytics head said investment strategies still hadn’t changed radically despite suboptimal returns for more than a decade.

Rachel Dalton, 14 December 2020
Perils pegs Izmir earthquake insured property loss at $68mn

The majority of losses occurred in the western Turkish city of Izmir and the rest of Izmir province.

Anna Sagar, 14 December 2020
Navigators’ London market platform placed into run-off

The Hartford continues to operate in the UK through its NIC UK branch and Hartford Syndicate 1221.

John Hewitt Jones, 11 December 2020
Lloyd’s proposes streamlining of capital rules and processes

Measures put forward for consultation include a single coming into line date and a waiving of deterministic rules for capital requirements.

Catrin Shi, 11 December 2020
Post-Covid cat rate aspirations trimmed as capacity rebounds

Occurrence retro rates are among the segments where rate pressure is abating, although the outlook remains somewhat opaque in a late renewal.

Fiona Robertson, 11 December 2020
The Week in 90 Seconds: Capital raises top $11bn; aviation re up 40%-60%; cyber price shock ahead

Plus more on European cat, the start-up hiring spree and a round-up of the most popular stories of the week.

Rachel Dalton, 11 December 2020
Queensland hailstorm losses estimated at $910mn

This event brings total Australian hailstorm losses to over A$3.64bn in 2020, Perils said.

Jeffrey Kuntz, 11 December 2020
Admiral confirms Mondini de Focatiis as CEO following handover

Outgoing CEO and co-founder David Stevens is to retire at the end of the year.

Rachel Dalton, 11 December 2020
Start-ups, scale-ups, recaps raise $11bn

The capital skewed to scale-ups, London and carriers targeting both primary and reinsurance business.

Adam McNestrie, 11 December 2020

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