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Lahaina Fire expected to be an earnings event, effects of reconstruction, BI claims unclear

The development in reconstruction costs and contingent BI claims may put the ultimate sum beyond current estimates.

Kyoung-son Song, 17 August 2023
China Construction Bank LOC exposure grew significantly last year: AM Best

The top five fronting companies by dollar exposure to CCB are: Clear Blue, Homeowners of America, Clear Blue Specialty, Trisura Specialty and Highlander Specialty.

Shelby Rosenberg, 17 August 2023
Chubb seeking to buy $500mn additional top layer for US Northeast

The carrier was originally in the market for extra capacity at January 1 before pulling plans.

Adam McNestrie, 17 August 2023
Ardonagh takes Aon Re’s Baron for Price Forbes Miami treaty launch

Sources said Baron is joining Price Forbes after nearly seven years at Aon, where he was managing director based in South Florida.

Jairo Ibarra, 17 August 2023
Vipr appoints former IBM executive Blackburn as chairman

Vipr Solutions, which provides delegated authority underwriting solutions to the London market and globally, said Martin Blackburn will bring experience from start-ups and global IT firms.

Marcel Le Gouais, 17 August 2023
Sompo names Dittmann country manager for Germany and Austria

The carrier has also promoted Annette Wolff to head of professional lines insurance for Germany and Austria.

Aisling Finn, 17 August 2023
S&P upgrades Munich Re outlook from stable to positive

The ratings agency believes Munich Re will defend its “excellent” competitive position and conservative capital management over the next two years

Abbie Day, 17 August 2023
S&P revises Swiss Re’s outlook to stable from negative

The ratings agency also affirmed Swiss Re’s ‘AA-’ rating, with the carrier expected to maintain an ‘AA-’ rating through 2024.

Aisling Finn, 17 August 2023
The Taxman Cometh for Bermuda companies

A 15% tax is in the works, but appears manageable, and with (re)insurance being Bermuda’s largest industry, the territory will take steps to keep companies where they are.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, 16 August 2023
Axa XL hires RiskPoint’s Hayzelden to head upstream in London

Hayzelden has been charged with leading the firm's upstream energy team, covering both offshore oil and gas and offshore renewable wind risks.

Abbie Day, 17 August 2023

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