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Convective storm losses of $37bn may reignite reinsurers’ secondary peril pushback

Insurers are messaging that they are able to offset rising reinsurance costs, but will a high-cost tornado season leave them pushing back in the run-up to 2024?

Fiona Robertson, 25 July 2023
Augment hires former Miller CFO Love and ex-Willis VP Mikrut

The Altamont-backed broking firm officially launched this month

Rachel Dalton, 24 July 2023
Arch Re hires PartnerRe’s Schriber as US president

The executive, based in Morristown, New Jersey, will be responsible for the company’s US reinsurance operations.

Kyoung-son Song, 24 July 2023
Clarke resigns from Marsh to become president of broking at WTW

Pat Donnelly has succeeded Lucy Clarke at Marsh, and Adam Garrard at WTW has moved into a chairman role.

Adam McNestrie, 24 July 2023
MS Amlin hires Sedgwick's Ross as head of recall

The hire follows an exodus from the recall team, as Mitchell, Fouquet and Fornah resign.

Abbie Day, 24 July 2023
Aircraft lessors face insurers in court over ‘contingent and possessed’ coverage

Some insurers argued that there is valid coverage under the airline operators’ policies, in line with the lessors, while other insurers argued the contrary.

Aisling Finn, 24 July 2023
Howden acquires Swiss aviation broker Hudson Sky International

This acquisition is part of Howden’s wider strategy to expand its product offering for Swiss and multinational clients.

Abbie Day, 24 July 2023
Wildfire Defense Systems approved for $30mn Polo-managed SIAB

The syndicate – developed in partnership with Aon – will provide capacity for E&S commercial wildfire risk in California.

Adam McNestrie, 24 July 2023
Opinion: Vesttoo – When the value chain is over-extended

The issues have put a spotlight on partial collateralisation, the leverage of the fronts, and the challenges of assigning responsibility.

Fiona Robertson, 24 July 2023
Arch Insurance UK promotes Blois to underwriting manager, miscellaneous and emerging PI

Blois will be responsible for managing the carrier's miscellaneous PI book of business.

Abbie Day, 24 July 2023

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