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Auckland declares state of emergency as rainfall could reach 370mm

Mayor Wayne Brown said infrastructure and emergency services had been overwhelmed by the storm’s impact.

Abbie Day, 27 January 2023
Direct Line CEO James steps down

The outgoing chief had been in post since 2019.

Rachel Dalton, 27 January 2023
The Week in 90 Seconds: BMS targets £750mn revenue; Q4 results kick off

Plus all the top news and latest people moves of the week.

Samuel Casey, 27 January 2023
WR Berkley ‘put more than a toe in the water’ for cat reinsurance at 1.1: CEO

Speaking on the company's Q4 conference call, the executive said the market should not assume that WRB will become a heavy cat-exposed writer.

Farhin Lilywala, 27 January 2023
Gallagher Re could post double-digit organic growth in 2023: Pat Gallagher

The CEO also heralded the group’s “best full-year brokerage segment organic performance in decades”, with a figure of 9.7%.

Catrin Shi, 26 January 2023
Benchimol: ‘All the building blocks are in place’ in Axis specialty pivot

In an interview with this publication, the CEO admitted the transition “took longer than any one of us would have wanted”.

Catrin Shi, 26 January 2023
RLI renews cat treaty with 45% risk-adjusted rate increase: COO Klobnak

RLI renewed its property per-risk treaty with an estimated 40% risk-adjusted rate increase, and the first dollar retention went up to $2mn.

Jairo Ibarra, 26 January 2023
Marsh reports Q4 rate increases of 4% across segments

The executive noted that the quarter marked the 21st quarter of rate increases.

Farhin Lilywala, 26 January 2023
Axis estimates 90% retention in non-property 1.1 reinsurance renewals after specialty refocus

The carrier estimated losing less than $10mn of desired renewals due to exits from property and property cat reinsurance.

Kyoung-son Song, 26 January 2023
Scor CEO Rousseau leaves with immediate effect; Swiss Re’s Léger to succeed

Chairman Kessler remains in place until the 2024 General Meeting when he will stand down on hitting the age limit of 72.

Adam McNestrie, 26 January 2023

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