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WTW promotes Weaver to lead newly combined Asia and Australasia operations

Simon Weaver will be responsible for driving business growth throughout the newly integrated region.

Abbie Day, 12 January 2023
BMS lands Rothschild from Price Forbes for marine cargo

Cargo movement has been elevated following a sustained period of rate hardening.

Samuel Casey, 12 January 2023
California floods caused $30bn-$34bn in damages: AccuWeather

The losses include damage to homes, businesses, infrastructure, facilities, roadways and vehicles, as well as BI losses.

Aisling Finn, 12 January 2023
IAG renews Berkshire Hathaway quota share agreement

The renewal equates to 20% of its total 32.5% quota share agreement, with another 10% having recently been renewed by Munich Re and Swiss Re.

Aisling Finn, 12 January 2023
Talent war 2.0: Wage inflation shifts down the payscales

Despite a cooling economy, cost of living pressures are keeping wage inflation and mid-pay employee pressures on base.

Abbie Day, 12 January 2023
Howden completes landmark $1.6bn TigerRisk acquisition

The deal propels Howden to become the fourth-largest global reinsurance broker.

Samuel Casey, 11 January 2023
Cargo writers push for ‘five powers’ conflict clauses after reinsurance clampdown

The clause was imposed across the market at a reinsurance level during a tense 1 January renewal.

Samuel Casey, 11 January 2023
AIG CFO Fitzsimons takes temporary medical leave, Lyons to serve as interim CFO

Former CFO Mark Lyons will step in as interim CFO, in addition to his current role as EVP, global chief actuary and head of portfolio management.

Kyoung-son Song, 11 January 2023
Miller takes Inver Re’s Morgan to lead energy facultative

Will Morgan was part of the original broking team when Inver Re launched in 2021.

Samuel Casey, 11 January 2023
Reinsurers’ underwriting margins to expand due to price hikes: Fitch

Rate increases achieved at 1 January will help carriers keep pace with inflation, the agency said.

Rachel Dalton, 11 January 2023

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