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Marine and energy liability market finely balanced for 2024
Underwriters are pushing for rate rises, but competition is increasing.
Samuel Casey
,
15 February 2024
Arch Capital Q4 CoR rises 5.4 points to 78.9% on higher cat losses
During the quarter, it booked $137mn in cat losses versus $34mn a year ago.
Kyoung-son Song
,
14 February 2024
Miami a vital hub for Lloyd’s syndicates, coverholders: Tiernan
LatAm represents $1.3bn in premiums, the Caribbean $1bn and Bermuda $700mn.
Jairo Ibarra
,
14 February 2024
AIG cut spend by $200mn on 1.1 property cat reinsurance program: Zaffino
Its property cat aggregate cover renewed with improved coverage.
Kyoung-son Song
,
14 February 2024
Agile Underwriting targets Asta-managed syndicate-in-a-box
The Australian outfit is the latest in a flurry of Lloyd’s start-ups.
Rachel Dalton
,
14 February 2024
HDI and Arch among James River bidders as final bid deadline looms
Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
Adam McNestrie
,
14 February 2024
LSM war and terror head Beattie exits for Talbot
Talbot is rebuilding its PV team after a December Ark and Chaucer raid.
Rachel Dalton
,
14 February 2024
Mapfre reports revenue of EUR24.8bn as Mapfre Re profit jumps 75%
Mapfre recorded a net result of EUR677mn, a 20% increase on the year prior.
Aisling Finn
,
14 February 2024
Gallagher adds five in fac reinsurance build-out
The recruits join from Ardonagh, Guy Carpenter, Howden and Miller.
Rachel Dalton
,
14 February 2024
Inver Re hires Gallagher Re’s Rance as London specialty head
Rance’s remit will include credit, marine, cyber, parametrics and motor.
Rachel Dalton
,
14 February 2024
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