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The Week in 90 Seconds: Bermuda Climate Summit; Ukraine insurance pool; Casualty reinsurance
If you only read a handful of articles this week, make it the selection below.
Aisling Finn
,
30 June 2023
Fidelis shares fall 7.9% to $12.97 following New York IPO
Fidelis shares closed down from the $14 per share price set for the IPO, or a 0.8x multiple of its $17.19 book value per share at end of Q1 2023.
Jairo Ibarra
,
29 June 2023
Pressure eases at mid-year renewals but P&C prices continue to rise: Aon
The broker’s latest report finds stability but continued price discipline in most lines and regions.
Rachel Dalton
,
29 June 2023
R&Q chief Spiegel nets $5.2mn pay for 2022 despite worsening loss
The CEO received $3.9mn in shares alongside his salary and bonus.
Rachel Dalton
,
29 June 2023
Lloyd’s rejects accuracy of Atrium Employee A tribunal hearing media report
LMA CEO Sheila Cameron also called for the market not to speculate on the proceedings.
Catrin Shi
,
29 June 2023
Lockton posts 16% organic growth and $3.1bn revenue in fiscal 2023
The broker reported double-digit growth across US, international and global reinsurance operations.
Samuel Casey
,
29 June 2023
Financial Services and Markets Bill receives royal assent
The landmark legislation is designed to make regulation of the City more globally competitive.
Samuel Casey
,
29 June 2023
Revenue input causes highest modelled loss differences in cyber cat models: Guy Carpenter
The broker used three major cyber models to analyse the drivers of model variability, with revenue coming top as the most prominent driver of loss variability.
Abbie Day
,
29 June 2023
Fidelis Insurance Holdings prices shares below target at 0.8x book for IPO
The carrier stands to raise $210mn from the offering.
Rachel Dalton
,
29 June 2023
Axa sets new 2030 decarbonisation targets in climate and biodiversity report
The carrier will increase its involvement in renewables, and cut the carbon intensity of its motor and P&C book.
Samuel Casey
,
29 June 2023
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