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Casualty QS ceding commissions to improve ‘considerably’: Everest COO

This year, casualty pro-rata rates overall moved about 1 point, Everest’s Jim Williamson added, noting other deals in H2 where the numbers moved more than that.

Kyoung-son Song, 26 October 2023
WTW organic growth accelerates to 9% in Q3 with 10% uptick in risk and broking

WTW said that new staff were ramping up revenue production, following a period of investment in talent.

Samuel Casey, 26 October 2023
Ark appoints Tokio Marine’s Carr as head of marine consortium

Carr has spent over 20 years in the market, holding several leadership positions at Tokio Marine HCC, Axis and others.

Aisling Finn, 26 October 2023
China-Taiwan: Insurers limit appetite amid geopolitical instability

Political violence and risk underwriters have heavily cut back in the region, which remains an important source of premium for marine insurers.

Abbie Day, 26 October 2023
R&Q completes $80mn LPT with unnamed UK motor insurer

The LPT comes less than a week after the legacy carrier agreed the sale of its program management business, Accredited.

Aisling Finn, 26 October 2023
Industry on watch as Acapulco hotels, hospital sustain major damage

Videos and messages posted to social media show widespread devastation caused by the Category 5 hurricane.

Hal Stucker, 26 October 2023
Everest’s Q3 CoR decreases 20.6 points to 91.4% as cat losses improve

The company’s Q3 cat losses fell 77% to $170mn, compared to $730mn in the prior-year quarter.

Kyoung-son Song, 25 October 2023
Hurricane Otis causes damage to Acapulco property after Cat 5 landfall

Flights had been suspended into Acapulco after the storm rapidly intensified and made landfall at Category 5 strength.

Jai Singh, 25 October 2023
Higher expenses for Next Gen build drive PPL 2022 surplus lower

The not-for-profit placement platform generated a surplus after tax of £1.48mn for 2022, a substantial drop from an £8.83mn surplus in 2021.

Marcel Le Gouais, 25 October 2023
Postcard from Target Markets: Casualty fear, property cat everywhere, Vesttoo’s impact

With record attendance, the conference was a reflection of how much the MGA space has grown and continues to grow.

Farhin Lilywala, 19 October 2023

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