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Cat bonds boomed in H1 as fresh capital met with sponsor demand

Cat bond issuance in H1 at around $8.6bn was almost a match for full-year 2022 volumes at $8.9bn, as the market staged a recovery at a pace that surprised many participants after a challenging second half last year.

Liz Bury, 26 June 2023
P&C reserve releases slowing as questions around adequacy emerge: Swiss Re

Reserves eased slightly from 2020 through 2022, driven by motor and general liability sectors in the US and UK.

Jairo Ibarra, 26 June 2023
Howden Tiger lures Aon broking trio for push into marine reinsurance

Howden Tiger, which has been hiring aggressively from rivals, currently has only limited involvement in marine reinsurance.

Samuel Casey, 26 June 2023
Ardonagh’s Price Forbes takes Whelan from Liberty for upstream energy

Price Forbes now houses Ardonagh Specialty’s energy operations, absorbing teams from Ed Broking, Besso and Bishopsgate.

Samuel Casey, 26 June 2023
Ferma calls for industry collaboration to make Europe a cyber resilience leader

Europe is "well equipped" to become a leader in cyber security protection, says Axa XL's Ana Dores.

Abbie Day, 26 June 2023
Langley and Masojada elected as City of London sheriffs

The pair will replace Alastair King and Andrew Marsden.

Rachel Dalton, 26 June 2023
CoreLogic estimates insured wind and hail damage from US storms in June cost up to $10bn

The firm says hail alone is estimated to make up 95% of losses, making it one of the biggest hail losses in history.

Abbie Day, 26 June 2023
Waleed Jabsheh to succeed Wasef Jabsheh as IGI CEO

The move is part of a succession plan put in place on the company’s flotation in 2020.

Rachel Dalton, 26 June 2023
Lockton Re appoints Parish as market innovation leader

Chris Parish was previously portfolio management and funds team leader at Nephila Capital.

Abbie Day, 26 June 2023
Fatal Marathon Petroleum fire in Texas threatens major downstream BI claim

The BI loss is set to stretch into the hundreds of millions of dollars, with some anticipating a $500mn+ loss.

Samuel Casey, 26 June 2023

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