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Perils pegs Cyclone Gabrielle losses at over NZ$1.5bn
The impact of the cyclone, which battered New Zealand in February 2023, was worsened by previous bad weather on the North Island.
Aisling Finn
,
30 March 2023
Increased exposure bases fueling construction premium growth: WTW
WTW said driver shortages continue to force contractors to use younger, often less experienced drivers, potentially putting upward pressure on losses.
Jairo Ibarra
,
30 March 2023
Tom Gallagher to become president amid AJG leadership reshuffle
Incoming Gallagher Re CEO Tom Wakefield will also report to EMEA CEO Matson, who gets an expanded role.
Adam McNestrie
,
29 March 2023
Mapfre Re elevates Bueso to LatAm head as Espinosa retires
As part of her new position, the executive will join Mapfre’s senior management committee, effective 1 April.
Jairo Ibarra
,
29 March 2023
Howden Tiger snares Guy Carpenter’s Reina for European launch
Howden’s reinsurance unit has once again hired extensively from its larger rival in a move likely to spawn further litigation.
Adam McNestrie
,
29 March 2023
Canopius Group posts 93.6% CoR for 2022 as GWP reaches $2.34bn
For its regional divisions, the carrier reported combined ratios of 84% for the US and Bermuda along with 96% for the UK.
Aisling Finn
,
29 March 2023
Beazley working on standalone cyber war product in market first
The new product is being developed to meet client demand for the coverage as the Lloyd’s market prepares to exclude cyber war as a peril from 31 March.
Catrin Shi
,
29 March 2023
Sampo Group proposes demerger of P&C arm and Mandatum
The Nordic company plans to hive off its wealth management, savings and personal lines business.
Rachel Dalton
,
29 March 2023
Marsh McLennan adds two directors in board refresh
The executives bring diverse management experience from energy, motor, publishing and agriculture.
Samuel Casey
,
29 March 2023
Specialty chief Merton exits TMK after over two decades
The underwriting head joined RJ Kiln in 2001.
Rachel Dalton
,
29 March 2023
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