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Cat bond momentum has short-term impetus, if not a structural shift

There are enough drivers supporting the trend for cat bond segment growth that ILS managers are likely to be plugging this business heavily in the short term, even if it is less attractive in fee yield.

Liz Bury, 17 April 2023
Political risk coverage soars amid ‘sea change’ among insureds’ perceptions: WTW

The number of global firms surveyed in WTW’s report that purchased political risk cover surged to 68% in 2022 from 25% in 2019, as the Ukraine war changed the geopolitical outlook.

Abbie Day, 18 April 2023
Generali calls for female auditor nomination to comply with Italian laws

The carrier has extended the deadline for nominations to the statutory auditors board.

Samuel Casey, 18 April 2023
Biba cancels CBI membership after sexual misconduct allegations: report

The CBI has faced a string of allegations, which caused its CEO Tony Danker to quit last week.

Samuel Casey, 18 April 2023
NZIA exits: A bump in the net-zero road or sign of a dead end?

Shock departures from the Net Zero Insurance Alliance have cast a shadow over the group’s long-term future, as a number of high-profile carriers review developments and consider their ongoing membership.

Marcel Le Gouais, 18 April 2023
Gallagher chair of EMEA and LatAm Wade set to leave broker

EMEA CEO Simon Matson said the company will announce “the optimum structure for this part of Gallagher” once it is finalized.

Rachel Dalton, 17 April 2023
Fidelis discloses $135mn Ukraine loss

The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.

Rachel Dalton, 17 April 2023
Aviation market facing loss in excess of $125mn for planes damaged in Sudan

Fighting between Sudan’s army and the RSF have resulted in the total loss of three planes, with nine others still on the ground at Khartoum Airport.

Aisling Finn, 17 April 2023
Carlyle Aviation Management names Liberty and Axa XL in latest High Court case

The aircraft lessor has already launched several legal actions relating to aircraft stranded in Ukraine.

Samuel Casey, 17 April 2023
TransRe executive vice chairman Bonny to retire after 41 years

Industry veteran Paul Bonny will continue to offer advice to the company through his ongoing role as non-executive director.

Kyoung-son Song, 17 April 2023

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