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Insurance’s role in avoiding climate tech ‘valley of death’
A new Geneva Association report says the early involvement of (re)insurers is key to supporting the growth of emerging technologies.
Ayesha Venkataraman
,
24 January 2024
Axis’ 2023 net reserve strengthening totaled $412mn pre-tax
More than 100% of the reserve charge came from pre-pandemic years, as the slight release of $40mn that offset the full-year increase of $452mn was from 2020 to 2022 accident years.
Kyoung-son Song
,
24 January 2024
Axis Capital books $425mn reserve charge for Q4 2023
The reserve strengthening was related to liability and professional lines related to 2019 and prior accident years, the firm wrote in a preliminary earnings disclosure.
Kyoung-son Song
,
23 January 2024
Aviva hires Allianz’s Hines as senior construction underwriter
It emerged in November that the carrier’s construction head Daniel Abramson was leaving the business.
Samuel Casey
,
23 January 2024
Argenta promotes Grinberg to chief claims officer
She will report to Carol-Ann Burton, ASML director and general counsel for Argenta Group.
Abbie Day
,
23 January 2024
Axis pulls multi-billion legacy deal ahead of Q4 earnings
The transaction would have been one of the largest the market has seen for years.
Adam McNestrie
,
23 January 2024
Trapped capital remains a problem for ILS market
Improving the speed and efficiency of settlements is required to help the market grow.
Jai Singh
,
18 January 2024
Swiss Re CorSo and Dual Europe strike capacity deal for marine hull
Swiss Re will transfer its Genoa-based hull business to Dual Europe and provide the MGA with underwriting capacity.
Samuel Casey
,
23 January 2024
Number of $1bn+ insured cat losses hits all-time high in 2023: Aon
The broker’s latest climate report tallied global insured cat losses at $118bn.
Rachel Dalton
,
23 January 2024
PRA launches consultation on solvent exit planning for insurers
The consultation will close on 26 April, with the PRA expecting to implement changes in Q4 2025.
Aisling Finn
,
23 January 2024
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