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AM Best downgrades CEA ratings citing reduced claims-paying capacity
The downgrades were linked to a reduction in CEA’s claims-paying capacity to 1-in-360 years, from 1-in-400 years, and reinsurance market challenges.
Liz Bury
,
19 January 2023
McGill and Partners president Trotti dies aged 62
The executive spent three decades in the specialty insurance markets.
Rachel Dalton
,
19 January 2023
London renewable energy insurance premium surpasses $1bn: WTW
Despite improving returns, inflation and the availability of economically priced nat cat capacity remain the biggest challenges facing the sector.
Abbie Day
,
19 January 2023
Kurt Cripps moves to Inver Re in new role as global head of parametric
The parametrics pioneer said Ardonagh would bring additional capacity to clients with new solutions.
Liz Bury
,
19 January 2023
Aon: Cedants will return for extra property cover after tough 1.1
The broker also predicted elevated demand for all forms of ILS capital throughout 2023.
Rachel Dalton
,
19 January 2023
Generali names Tokio Marine Europe’s Kanu CEO of GC&C
Kanu will succeed interim leader Manlio Lostuzzi.
Abbie Day
,
19 January 2023
Hannover Re secures $100mn cyber retro quota share with Stone Ridge
The transaction is the first proportional deal for cyber risk in the capital markets.
Rachel Dalton
,
19 January 2023
Howden appoints Marsh’s Strong as managing director, credit and political risks
Matthew Strong spent three years at Marsh as CEO, credit specialties, UK & Ireland.
Abbie Day
,
19 January 2023
LSM promotes Owen to global head of financial risk solutions
Owen takes over from Peter Sprent who is leaving the carrier at the end of March to pursue personal interests.
Aisling Finn
,
19 January 2023
Severe weather in 2022 caused C$3.1bn of damage in Canada: IBC
The Ontario and Quebec derecho was the most severe weather event for Canada in 2022, causing C$1bn worth of losses.
Aisling Finn
,
19 January 2023
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