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‘Dark age pricing’ hurting specialty and commercial insurers: report

Over half of respondents said that the technology currently available to them is not allowing them to make the most of the data at hand or make better pricing and portfolio decisions.

Aisling Finn, 19 July 2023
Beyond Florida: Cat event hotspots around the globe

Insurance Insider has gathered data on geographical areas prone to cat events, which are outside of southeastern US states, that keep weather experts awake at night.

Rachel Dalton, 19 July 2023
Aon IP deals linked to Vesttoo collateral issues as fundraise pulled

The firm said it had identified two specific transactions in which “collateral inconsistencies” were in question.

Fiona Robertson, 18 July 2023
CFC snaps up former Axis cyber head Trueman as CUO

Existing CUO Andy Holme will move to a broader group role.

Adam McNestrie, 18 July 2023
US thunderstorms push global insured cat losses to $52bn in H1: Gallagher Re

The loss tally comes in 39% above the average for the 21st century.

Samuel Casey, 18 July 2023
Aviva rekindles interest in acquiring Probitas

The two firms held serious talks last year but were unable to get a deal to the line due to a valuation mismatch.

Adam McNestrie, 18 July 2023
Amwins in major London marine push with Ardonagh and Howden hires

Nine mariners from the former Ed Broking brand have resigned from Ardonagh, as the broker continues its brand consolidation.

Samuel Casey, 18 July 2023
CNA Hardy marine head Barr leaving for Sompo International

Staff turnover remains elevated across marine classes amid a battle to secure talent.

Samuel Casey, 18 July 2023
Chaucer promotes Baker to head global reinsurance

The underwriter has worked at the carrier for almost 20 years and has a background in specialty reinsurance.

Samuel Casey, 18 July 2023
Report estimates £23bn of Lloyd's 2022 NWP was outstanding at year end

A study by digital payments platform Diesta has unearthed time lags for insurers to receive premiums, as well as frictional costs created by inefficient premium processing.

Marcel Le Gouais, 18 July 2023

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