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The Week in 90 Seconds: Monte Carlo news; ESG culture wars; CEOs on 1.1

Plus the latest people moves and all the top news of the week.

Rachel Dalton, 15 September 2023
Less than 24 AJG client placements involved Vesttoo between 2021-2023: CFO Howell

Most of the broker’s clients have incurred losses below or about equal to ceded premiums and only one with losses exceeding ceded premiums.

Jairo Ibarra, 14 September 2023
Clearer cyber definitions could attract reinsurance capacity: CFC’s Burns

At the CFC Summit 2023, James Burns said that clearer cyber systemic risk definitions in policies could enable the formation of a "true cyber catastrophe market".

Abbie Day, 14 September 2023
No guarantee Solvency II reforms will deliver £100bn economic boost: PRA CEO

The PRA's Sam Woods said that, after the Solvency II reforms take effect, the government will need to monitor whether insurers invest £100bn in green infrastructure investments.

Marcel Le Gouais, 14 September 2023
CNA Hardy lands Marsh’s Berman as UK and Europe specialty chief

Berman will replace Ramesh Singh, who is leaving the business to head up financial lines at Aviva.

Samuel Casey, 14 September 2023
Axa XL taps Converge’s Dagostino as global commercial lines cyber CUO

Based in New York, the executive will report to Axa XL CUO Libby Benet.

Jairo Ibarra, 14 September 2023
Chubb launches Lloyd’s consortium for lithium battery risk

The consortium is supported by 11 other Lloyd’s businesses.

Rachel Dalton, 14 September 2023
Lloyd's to develop emissions measurement tool with Moody's

The Corporation will collaborate with Moody’s Analytics to develop a solution to quantify greenhouse gas emissions across managing agents’ underwriting and investment portfolios.

Marcel Le Gouais, 14 September 2023
Lancashire Capital exec Marsan moves to part-time advisory role

His role change — following that of LCM leader Darren Redhead in 2021 — raises questions over the firm’s future ILS strategy.

Fiona Robertson, 14 September 2023
Blackstone to merge corporate credit, asset and insurance groups

The private equity firm is targeting $1trn in assets under management for the combined segment.

Rachel Dalton, 14 September 2023

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