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Daily Digest: Top news from 16 July
A roundup of all the news you need today, including Lloyd’s chairman candidates.
Insurance Insider team
,
16 July 2024
Hard market conditions in non-life to continue into 2025: Swiss Re
The insurance sector’s RoE is expected to exceed 10% next year.
Rachel Dalton
,
16 July 2024
Scor shares down 25% after L&H underwriting loss warning
The negative L&H result was driven by reserve updates.
Abbie Day
,
16 July 2024
Chubb promotes Kelaher to Continental Europe, MENA president
Peter Kelaher currently serves as country president of Australia and New Zealand.
Abbie Day
,
16 July 2024
Gain from cyber war exclusion debate was not worth the pain
Many have argued war exclusions have detracted from discussions of systemic risk in the cyber market.
Abbie Day
,
16 July 2024
Scor issues Q2 life and health underwriting loss warning
The negative L&H result was driven by reserve updates.
Danielle Ling
,
15 July 2024
Mexican brokerage Merit Re mulling strategic options including sale
It is understood that the brokerage is working with external consultants and is open to a sale, JV or other options.
Jairo Ibarra
,
15 July 2024
Hurricane Beryl insured losses could run $2.5bn to $4.5bn: Moody’s RMS
The biggest losses were from wind damage after the storm’s Texas landfall.
Clark Mindock
,
15 July 2024
Poorly performing accounts will see flat to 20% cat rate hikes: Brown & Brown
Accounts with poor performance records are expected to see flat to 20% rate increases for cat coverage, according to Floridian broker Brown & Brown’s Q3 Market Trends report.
Jairo Ibarra
,
15 July 2024
Legacy deal activity drops in H1 2024: PwC
Acquirers are increasingly discerning around deals, according to a report.
Rachel Dalton
,
15 July 2024
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