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The Week in 90 Seconds: Cargo in-flows; FCA on-the-record; Brokers take on Europe
Plus all the latest people moves and the top news from the week.
Rachel Dalton
,
08 July 2022
Hull market braced for potential $75mn loss after ship sinks in typhoon
The loss comes as rate rises decelerate in the class after several years of compound rate rises.
Samuel Casey
,
08 July 2022
PRA’s Woods ‘annoyed’ at reports of PM’s impatience over reforms
The PRA’s CEO Sam Woods this morning rebuffed reports claiming Boris Johnson was frustrated over the speed and transparency of the Solvency II reforms.
Marcel Le Gouais
,
08 July 2022
AerCap sued AIG for full $3.5bn all-risk claim in ongoing case
If the lessor’s $3.5bn all-risk claim proves unsuccessful, it plans to pursue a claim on its contingent war policy worth $1.2bn.
Aisling Finn
,
08 July 2022
SMBC books $1.6bn loss for planes stranded in Russia
The $1.6bn write-off covers the value of 34 aircraft still on the ground in Russia.
Aisling Finn
,
08 July 2022
Chubb hull exits continue as Dobisz and Buchan resign
The resignations follow the exit of hull chief James May, who is joining Convex.
Samuel Casey
,
08 July 2022
ICA tally for insured losses on July Sydney flooding reaches A$97.9mn
Carriers have received more than 8,000 flood claims since 1 July.
Rachel Dalton
,
08 July 2022
Downstream market fears $1bn+ worst-case BI loss from Texas LNG refinery
Regulatory burdens mean that restarting the Freeport refinery could take longer than first hoped.
Samuel Casey
,
08 July 2022
Is the broker super-cycle coming to an end?
Brokers may face pressure as the pricing cycle turns and estimates fail to keep up.
Insurance Insider US Research
,
28 June 2022
Former SFC CEO Alder appointed permanent FCA chair
Richard Lloyd was appointed interim chair of the FCA last month after the departure of Charles Randall.
Rachel Dalton
,
08 July 2022
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