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Travelers cat losses leap to $850mn in Q3, up 66% year on year

The carrier continued to experience a significant level of catastrophe losses this year, which resulted in lower year-to-date earnings than expected, according to CFO Frey.

Kyoung-son Song, 18 October 2023
InsurTech Stubben Edge pays tribute as former executive Hunt dies

Hunt spent over 50 years in the insurance industry, most recently at Stubben Edge.

Aisling Finn, 18 October 2023
WTW to undertake London and international CRB staff cuts

The exercise is understood to involve mainly junior and non-broking staff.

Rachel Dalton, 18 October 2023
Lockton takes Travelers financial institutions head Youssef

Lockton is hiring in financial institutions following the departure of several staff to join Bishopsgate.

Samuel Casey, 18 October 2023
2023 nat-cat losses to surpass $100bn for sixth consecutive year: Gallagher Re

The broker said that $100bn+ loss years have become the “new normal”.

Samuel Casey, 18 October 2023
Israel-Hamas conflict prompts PVT market concern over $10bn-$15bn exposure

Sources are paying close attention to several pipelines in the region, as the conflict between Israel and Hamas continues.

Aisling Finn, 18 October 2023
Swiss Re puts casualty treaty in spotlight as social inflation spreads to Europe

The reinsurer said hardening of property reinsurance conditions must continue.

Rachel Dalton, 18 October 2023
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Baden-Baden Viewpoint: Tomas Novotny, Co-CEO EMEA, Aon's Reinsurance Solutions

Tomas Novotny shares his expectations for the 2023 Baden-Baden Reinsurance Meeting, following on from the Rendez-Vous de Septembre in Monte Carlo.

Meg Green, 18 October 2023
Supply-chain risks of increasing importance for cyber market: IUA

The International Underwriting Association has urged cyber insurers, brokers and clients to focus on risk management to help better respond to claims.

Aisling Finn, 18 October 2023
Arch strengthens cyber proposition in Spain with senior underwriters

Jose Carlos Jiménez Fernández and Rafael Ortiz Losada have joined the company as senior underwriters.

Samuel Casey, 18 October 2023

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