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Reinsurers will become heavier cat bond users, but should beware it is still a relatively narrow market
For the most part, aggregate retro covers got hammered in 2017-2018 – but what isn’t as often discussed as these headline losses is the fact that one pocket of such capacity actually got away largely intact.
Fiona Robertson
,
16 December 2019
Mapfre warns of up to $155mn FY profit hit from typhoons, Chile riots
The Spanish carrier predicts Hagibis and Faxai together will cost the industry more than $20bn.
Anna Sagar
,
16 December 2019
Chaucer appoints three to property team
Senior hires join from Chubb, Brit and Liberty Specialty Markets.
Rachel Dalton
,
16 December 2019
Insurers boost advance payment to bankrupt Philadelphia refinery firm
The parent of Philadelphia Energy Solutions will receive an additional $15mn upfront for damage from a refinery fire.
Christie Smythe
,
14 December 2019
Topa CEO Donahue resigns for personal reasons
Former CSAA CFO Michael Day will become interim CEO while a successor is found.
Bernard Goyder
,
14 December 2019
Citizens examines possibilities for shrinking footprint
Legislators in Florida say more nat cat risk should be covered by private insurers.
Bernard Goyder
,
14 December 2019
Miller names Aon’s Taylor as international FI and D&O head
The broker will work with Conor Geraghty, head of UK and international wholesale for professional and financial risks.
Samuel Casey
,
13 December 2019
Lloyd’s to mandate the use of DA Sats in 2021
The platform is designed to simplify the collection of data for coverholder business.
Samuel Casey
,
13 December 2019
Blanc joins InsurTech Trov as senior adviser
The former Zurich EMEA CEO adds another non-executive role.
Anna Sagar
,
13 December 2019
London market stocks pare early gains after Conservative win
Hiscox outpaces the FTSE 100, while Lancashire and Beazley fail to match the FTSE 250 growth.
Samuel Casey
,
13 December 2019
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