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Daily Digest: Top news from 27 August
A roundup of all the news you need today, including Miller’s new hires from Lockton’s construction team.
Insurance Insider team
,
27 August 2024
Property rates decelerated to mid-single digits in Q2: CRC
Average rate increases went to 5.6% in June 2024 from 28.2% in June 2023 .
Caroline Ryan
,
17 July 2024
Insurance stock moves and short interest fail to reflect pricing and results momentum
Shifting economic winds make growth plays more attractive, causing insurer stock performance to lag though short interest remains flat.
Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
,
29 August 2023
Chubb-IAP mutual start-up CybEx placed on hold
The project is not immediately moving forward due to lack of client demand.
Adam McNestrie
,
19 March 2024
Ryan Specialty paid $98.3mn to acquire MGU AccuRisk from Ardonagh
Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.
Jairo Ibarra
,
28 February 2024
Corporation of Lloyd’s placed bottom quartile in own culture survey rankings
One of the key issues identified was that employees did not feel able to speak up, sources said.
Catrin Shi
,
12 August 2024
Moonrock Drone Insurance receives Lloyd’s coverholder status
The status was achieved thanks to the MGA’s insurance partner, Apollo Underwriting.
Aisling Finn
,
10 May 2024
Primary R&W rates to remain depressed on robust competition: Marsh
Retentions and coverage could be affected by future adverse claims trends.
Jairo Ibarra
,
20 March 2024
Tokio Marine HCC confirms Hutton crisis-management appointment
The carrier also confirmed the appointment of Ian Davidson as senior underwriter.
Abbie Day
,
13 May 2024
Lack of new capital will keep underwriting conditions healthy: Lloyd’s Keese
Beazley CEO Adrian Cox said that the carrier’s growth rate would slow as market conditions shift.
Samuel Casey
,
12 June 2024
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