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KCC Ian loss estimate includes $13bn litigation loading
The modelling firm is applying a 1.8x factor to residential losses from the storm to account for anticipated legal action against insurers and demand surge.
Fiona Robertson
,
17 October 2022
Significant insurance event declared in latest round of Australian floods
The states of Victoria, New South Wales and Northern Tasmania have all been struck by floods.
Samuel Casey
,
17 October 2022
BHSI promotes regional ops and IT head Bruce-Kahn to Singapore CEO
The executive has held operational roles at the likes of Liberty Specialty Markets, AIG and WTW.
Samuel Casey
,
17 October 2022
A chance to hold regulators accountable with real power is at a tipping point
The opportunity to set in statute meaningful powers and metrics to hold financial regulators accountable will reach a tipping point in the coming weeks, as the Financial Services and Markets Bill progresses through the next parliamentary stages.
Marcel Le Gouais
,
17 October 2022
Tokio Marine leads Bolttech Series B funding round as valuation hits $1.5bn
The fundraise comes after the company raised $180mn of Series A funding last year.
Samuel Casey
,
17 October 2022
Citizens lowers Ian-related claims estimate to 100,000, loss estimate unchanged
The state-backed insurer's claims tally was just over 47,000 this morning.
Farhin Lilywala
,
14 October 2022
AM Best revises Peak Re’s outlook to negative
The negative outlooks reflect AM Best’s expectation that macroeconomic headwinds and current unfavourable capital and investment market conditions may exacerbate financial stress on Fosun over the short to intermediate term.
Aisling Finn
,
14 October 2022
Piiq’s Heath set to join WTW
Heath joined Piiq in 2020 as one of its earliest employees.
Aisling Finn
,
14 October 2022
Cincinnati Syndicate 318 secures 30% stamp uplift
A one-week delay has also been agreed for the Lloyd’s auction process.
Aisling Finn
,
14 October 2022
WTW appoints Rolfe as director in US aviation team
Terry Rolfe joins from Epic Insurance Brokers & Consultants, where she served as aviation practice leader.
Aisling Finn
,
14 October 2022
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