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The Week in 90 Seconds: European cat standoff; Downstream rate rises ahead; WTW’s Swift on the record
Plus legacy market analysis, the latest executive moves and all the top news from this week.
Rachel Dalton
,
02 December 2022
Beazley set to join FTSE 100
Beazley’s promotion to the higher FTSE tier will be made official on 19 December.
Aisling Finn
,
01 December 2022
HDI Global Specialty financial lines chief Boorman resigns in latest market move
The underwriter joined the company in 2020 amid hard market conditions.
Samuel Casey
,
01 December 2022
Arch Insurance North America promotes First to president
Brian First was previously CUO of programs, property and specialty at Arch.
Aisling Finn
,
01 December 2022
Warburg Pincus to buy K2 Insurance Services from Lee Equity Partners
The business is predicted to write $1.4bn this year.
Rachel Dalton
,
01 December 2022
Rendez-Vous buzz on cat bonds raises diversification concern
With investor fundraising prospects challenged due to macro factors, there are questions over how much US demand growth the ILS market can absorb.
Liz Bury
,
23 September 2022
Hull and cargo losses come in below average in benign 2021: Iumi
Inflation and a full post-pandemic return to shipping are expected to impact future claims.
Samuel Casey
,
01 December 2022
Reask names Schmid head of parametric products
David Schmid joins from New Re, where he spent 11 years, most recently as a senior structurer.
Aisling Finn
,
01 December 2022
Covea forced to withdraw treaty FoTs following hail loss update
The reissue of terms comes amid a tough European property cat market.
Rachel Dalton
,
01 December 2022
Nat cat losses of $115bn in 2022 exceeded 10-year average again: Swiss Re
The reinsurer emphasised the need for improved secondary peril models including predictive capabilities.
Liz Bury
,
01 December 2022
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