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Geopolitical divides causing global business disruption: WTW
According to WTW’s report, countries are “de-aligning” from the West due to the declining influence of the US and its allies.
Aisling Finn
,
01 February 2023
Liberty Specialty Markets exits marine liability in UK as Taylor departs
Liability business has been impacted by rising claims costs, driven by social inflation trends.
Samuel Casey
,
01 February 2023
Lloyd’s to pay select staff second cost-of-living bonus
Staff earning less than £75,000 are to receive £1,500.
Rachel Dalton
,
01 February 2023
Ascot head of reinsurance Cantlay retires
The executive has spent almost 50 years in the sector.
Rachel Dalton
,
01 February 2023
Drought losses highlight ‘domino effect’ risk behind 2022 nat cat headlines
Annual reviews of natural disaster activity highlighted drought – which can also heighten risk of fire and flood losses – as an increasingly important secondary peril.
Ben Wylie
,
01 February 2023
Hannover Re 2022 group net income up 14.6% to EUR1.4bn
The carrier said GWP was up 12.7% to EUR33.3bn.
Rachel Dalton
,
01 February 2023
RenRe raised $1.4bn of third-party capital in 2022 amid capacity crunch
The Bermudian also raised third-party capital of $402.9mn effective January 1, 2023, including $377.2mn in DaVinci and the remaining in Medici.
Kyoung-son Song
,
31 January 2023
Chubb’s Q4 CoR up 2.5 points to 88% driven by agriculture U/W loss, higher cats
Excluding agriculture, Chubb’s P&C CoR rose to 85.9% in Q4 from 85.4% the prior-year quarter.
Jairo Ibarra
,
31 January 2023
Guy Carp US property cat RoL index up 31.3% for 1.1 renewals
This was the highest single-year increase for the US index since 2006.
Kyoung-son Song
,
31 January 2023
Hannover Re expects net income to hit EUR 1.7bn for 2023
In a brief update, the (re)insurer said reinsurance revenue is expected to grow by at least 5% at constant exchange rates.
Marcel Le Gouais
,
31 January 2023
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