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PV market 'in disarray’ amid rate rises of up to 400%

As a result of rising reinsurance costs and contracting reinsurance capacity, primary political violence rates are increasing up to 400%, depending on the geography.

Aisling Finn, 18 January 2023
Liberty Mutual weighs sale of LatAm units

The Boston-headquartered mutual is understood to have recently pitched potential acquirers of the LatAm assets.

Adam McNestrie, 17 January 2023
Crum & Forster follows Chubb in dropping cyber quota share

As insurers grow more comfortable with retaining attritional cyber risk they are altering reinsurance placements.

Catrin Shi, 17 January 2023
Xchange Benefits forms re and retro underwriter Xchange Re

Stephen Hitch, senior vice president of underwriting at Xchange Benefits, will lead the new MGU.

Liz Bury, 17 January 2023
Net Zero Insurance Alliance sets July deadline for initial targets

The industry group has launched its first target-setting protocol.

Fiona Robertson, 17 January 2023
Moody’s downgrades Direct Line’s outlook to ‘negative’ after dividend dropped

DLG’s outlook has been downgraded to ‘negative’ following a 24% tumble in share price since last week, as severe weather and investment-portfolio pressure tank profitability.

Abbie Day, 17 January 2023
Gallagher Re picks up Nephila’s Butterworth for production role

She had served as director of underwriting at Nephila since mid-2018.

Fiona Robertson, 17 January 2023
Cyber, BI and macro developments the key risks for 2023: Allianz

The energy crisis came in as a top-four concern, with 44% of respondents expressing worries over fuel costs, supply disruptions, inflation and the effects of Russia’s invasion of Ukraine.

Abbie Day, 17 January 2023
R&Q adds seven new programmes in December 2022

Among the programmes accredited, R&Q agreed its first in Germany.

Aisling Finn, 17 January 2023
BMS acquires Austbrokers Coast to Coast

The broker’s staff and infrastructure will transfer into BMS’ existing Australian business

Abbie Day, 17 January 2023

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