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Everest Re NA property cat XoL risk-adjusted rate up 50% YoY: CEO Andrade

The cat XoL rate increase in Europe was over 40%, while the average attachment point of the global property cat business increased “meaningfully,” he added.

Kyoung-son Song, 09 February 2023
Turkish quake losses likely to be ‘insignificant’ for reinsurers: Fitch

The ratings agency noted that, while most of the insured losses stemming from the earthquake will be covered by reinsurance, the amount ceded will be much lower than the estimated economic losses.

Ayesha Venkataraman, 09 February 2023
Fidelis balance sheet business preparing for H1 IPO in New York

The insurance group is being advised by JP Morgan and Barclays Capital.

Adam McNestrie, 09 February 2023
Zurich drops global agg treaty and adds US quake swap of $200mn for 2023

The carrier has upped its global all-perils cat coverage to $1.2bn since January last year.

Liz Bury, 09 February 2023
SiriusPoint’s Mitchell to join Xceedance’s board of directors

She will be responsible for providing strategic guidance for the organisation.

Abbie Day, 09 February 2023
Lloyd’s names ex-Ascot CEO Brooks as Council deputy chair

The executive had been touted to replace Aon’s Dominic Christian in the position.

Samuel Casey, 09 February 2023
WTW hails ‘solid finish’ to 2022 with 5% organic growth in Q4

The broker has experienced a resurgence in growth under new leadership and strategy.

Samuel Casey, 09 February 2023
Inigo and The Hartford cease writing AVN52 cover

It’s understood that Inigo pulled out of the class due to rising reinsurance costs, while The Hartford has exited following the departure of its head of PV and terrorism, Grant Witheat.

Aisling Finn, 09 February 2023
Lockton names Demer as Pacific region head

Leo Demer previously spent 35 years at JLT Australia, including 10 years as Australasian CEO.

Aisling Finn, 09 February 2023
Mapfre Re’s 2022 net profit drops 5% to EUR143mn

For the year, Mapfre Re’s combined ratio improved to 96.8% compared to 97.1% in 2021, despite the impact of cat events.

Abbie Day, 09 February 2023

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