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London market
Lloyd’s and ABI look to help in defining major cyber event
Their new guide sets out the factors (re)insurers should consider when defining a major cyber event.
Abbie Day
,
07 November 2024
Talent
Stokes to join Ark Bermuda from Pillar Capital Management
Kevin Stokes has been with Pillar for nearly four years.
Jai Singh
,
07 November 2024
Re/insurers
Property cat pricing at ‘plateau’ ahead of renewals: Munich Re’s Jurecka
The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
Jai Singh
,
07 November 2024
Marine
‘Intense’ cargo competition doesn’t spell return to 2017 soft market: Gallagher
The broker said that pricing dynamics would require careful management, but adequacy remains
Samuel Casey
,
07 November 2024
Digests
Daily Digest: Top news from 7 November
A roundup of all the news you need today, including Swiss Re’s US liability reserve strengthening.
Insurance Insider team
,
07 November 2024
Brokers
Steadfast agrees to buy Lloyd’s broker HW Wood and HWI France
Steadfast Group is Australasia’s largest general insurance broker network and has been expanding in Europe.
Samuel Casey
,
07 November 2024
London market
London property rates ‘firm and attractive’ in primary market: Hiscox
Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
Abbie Day
,
07 November 2024
Catastrophe losses
Gallagher Re pegs Spanish flood insured losses at EUR1.5bn-EUR2.5bn
Only around EUR70mn-EUR140mn will fall to private insurers.
Rachel Dalton
,
07 November 2024
Reinsurance
Swiss Re adds $2.4bn to US casualty reserves in Q3
The carrier’s Q3 net income will be around $100mn, far below consensus.
Rachel Dalton
,
07 November 2024
Reinsurers
Hiscox reports 3% increase in ICWP to $3.9bn
The carrier’s retail division saw the largest growth at 4.7%.
Jai Singh
,
07 November 2024
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