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The Week in 90 Seconds: Cat capacity; Hurricane Ian; Munich Re oil and gas

Plus the latest executive moves and all the top stories of the week.

Samuel Casey, 14 October 2022
Axis Re hires Beazley's Greer as head of North America surety

Based in New York, Greer is responsible for leading the surety reinsurance efforts in the United States, Canada and Puerto Rico.

Farhin Lilywala, 13 October 2022
Data Council pushes back iMRC timeline after late surge of feedback

In the last two days of a consultation on the new iMRC template, the volume of responses surged by more than 2,500, leading to a revised timeline for its launch.

Marcel Le Gouais, 13 October 2022
Progressive’s reinsurers to take $1.2bn in property Ian losses

The carrier’s property business retained $175mn of losses net of reinsurance related to the Hurricane.

Jairo Ibarra, 13 October 2022
Heritage expects $40mn net losses from Hurricane Ian

So far, the company has received nearly 12,000 claims associated with the storm.

Farhin Lilywala, 13 October 2022
Aviation hull war insurers seeking rate rises of up to 100%: Gallagher

The hull war market is also looking to target premiums in excess of $500mn, up from the $180mn it achieved in 2021.

Aisling Finn, 13 October 2022
Aon’s Christian to step down from Lloyd’s Council in January

A ballot date of 9 December has been set to replace Dominic Christian on the Council of Lloyd’s, as his term of office is set to expire on 31 January 2023.

Jim Robinson, 13 October 2022
Zurich promotes Seach to group CUO as Robinson set to depart

Penny Seach is to succeed Hayley Robinson, who has decided to step down at year end for family health reasons.

Jim Robinson, 13 October 2022
Coalition forms Bermudian reinsurer Ferian Re with $300mn from investors

Ferian Re will be capitalized by an investor group led by BDT Capital Partners

Jairo Ibarra, 13 October 2022
Markel International promotes Davies to lead marine and energy as Fenn exits

The carrier has merged its marine and energy units as it looks to improve service and achieve growth.

Samuel Casey, 13 October 2022

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