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Swiss Re adds 'uncertainty allowance' to reserves for new business
It is expected to have a negative impact on profit after tax in 2024 of approximately $500mn.
Abbie Day
,
01 December 2023
Ki Syndicate aims to break $1bn premium threshold for 2024
The follow-only algorithmic syndicate has stamp capacity of $925mn for next year.
Rachel Dalton
,
01 December 2023
Gallagher launches insurance brokerage in Taiwan
Business lines offered include P&C, marine, construction, cyber, trade credit, financial lines, and energy plus employee benefits services.
Abbie Day
,
01 December 2023
Marsh lands ex-AIG De Bremme to run European marine business
The broker’s global marine team services global premiums of $3.9bn across marine classes.
Samuel Casey
,
01 December 2023
The Week in 90 Seconds: CFC probe; Stamp capacity; COP28
Plus the latest people moves and all the top news of the week.
Abbie Day
,
01 December 2023
Aon’s Marcell forecasts ‘more orderly’ 1.1 with ‘broadly flat’ pricing
The CEO anticipates reinsurers to continue focusing on attachment levels and that appetite for specialty classes will be higher.
Shelby Rosenberg
,
30 November 2023
Property represents best opportunity for Lloyd’s market in 2024: Tiernan
The executive said that work was underway to make sure the energy transition is “led by Lloyd’s”.
Samuel Casey
,
30 November 2023
Lloyd’s plans 11% 2024 premium growth to £60bn
Political violence and terrorism will also be a focus class for the Corporation, amidst geopolitical turmoil.
Samuel Casey
,
30 November 2023
Severity is the ‘major driver’ in R&W losses: Euclid Transactional
Over the last seven years Euclid has insured $3.2tn of deal value and has booked nearly $770bn of total incurred loss through 97 paid claims.
Jairo Ibarra
,
30 November 2023
Marsh lands Canopius and Axa XL for Fast Track facility
Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.
Rachel Dalton
,
30 November 2023
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