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'Not a lot of productivity’ in energy transition: GCube’s McLachlan
Panellists at Insurance Insider’s LMC also noted a lack of C-suite engagement in renewables.
Ayesha Venkataraman
,
13 November 2024
Digests
Daily Digest: Top news from 13 November
A roundup of all the news you need today, including AGCS’s Q3 results.
Insurance Insider
,
13 November 2024
London market
‘Siloed’ insurance industry hindering innovation: LMC Voice of the Insured
Innovation is moving too slowly, experts said at Insurance Insider’s London Market Conference.
Abbie Day
,
13 November 2024
Catastrophe losses
Fema estimates NFIP losses of $3.5bn-$7bn for Hurricane Helene
Fema's traditional reinsurance programme will attach at losses of $7bn and above.
Jai Singh
,
13 November 2024
AGCS profits fall 39% as CoR deteriorates by 3 points
Allianz’s P&C unit booked natural catastrophe claims of EUR646mn over Q3.
Rebecca Perkins
,
13 November 2024
London market
LMC recap: Walking the tightrope of growth and profitability in a stabilising market
The 2024 event saw 80 speakers address an audience of over 350.
Rebecca Perkins
,
13 November 2024
Bermuda
Fidelis Q3 underlying LR drops 7 points to 39.1%
Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
Kyoung-son Song
,
12 November 2024
Reinsurers
US casualty: Reinsurers emphasise rate increases over commission cuts in Q3
Ceding commissions remain elevated, but primary rates are improving reinsurer margins.
Kyoung-son Song
,
12 November 2024
Commercial lines
Sedgwick closes $1bn Altas investment at $13.2bn valuation
Carlyle re-launched efforts to find minority investor last June.
Jairo Ibarra
,
12 November 2024
Commercial lines
City minister Siddiq: We want the UK’s insurance industry to thrive
The minister highlighted London’s critical mass of expertise and tech innovation.
Rachel Dalton
,
12 November 2024
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