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Catrin Shi

Editor-in-chief, Insurance Insider

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Catrin Shi is Insurance Insider’s Editor-In-Chief and co-founder of the publication’s award-winning diversity and inclusion campaign, Insider Progress.

Since joining Insurance Insider in 2015 as senior reporter, she has focused her reporting on Lloyd’s, cyber, property D&F and MGAs, and has picked up a number of trade journalism awards for her work. She became Editor-in-Chief of Insurance Insider in 2022, overseeing editorial strategy across the three titles in the Insurance Insider group.

Published by this author:

Beazley ILS investors ‘delighted’ at ‘very, very small chance’ of loss: Cox

The carrier estimates the total industry loss for the Microsoft/CrowdStrike outage at around $1bn-$2bn.

Catrin Shi, 08 August 2024
Hiscox ownership in the spotlight as suitors circle

Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.

Adam McNestrie, 08 July 2024
Claims severity is back for Ransomware Wave Two

A number of players suggested that the cost components of first-party claims were up between 30%-50% on that seen during Ransomware Wave One.

Catrin Shi, 12 October 2023
Morocco govt expected to get $250mn parametric quake payout

Alongside a parametric scheme, a further insurance pool providing up to $1bn in cover will recoup funds to benefit the post-quake recover.

Fiona Robertson, 11 September 2023
Idalia loss underscores reason for reinsurer retreat from low layer cat

Hurricane Idalia is still live, but the storm’s track reassured market participants that it will be a relatively minor loss.

Rachel Dalton, 01 September 2023
Vesttoo fallout extends to purported Standard Chartered letters of credit

Issues with faked letters of credit are not limited to one banking provider, sources said.

Fiona Robertson, 02 August 2023
Aon IP deals linked to Vesttoo collateral issues as fundraise pulled

The firm said it had identified two specific transactions in which “collateral inconsistencies” were in question.

Fiona Robertson, 18 July 2023
Legacy carrier Marco inks deal to acquire Kelvin Re

The carrier has agreed to acquire the former Credit Suisse ILS unit, following the acquisition of sister company Humboldt Re in 2021.

Catrin Shi, 10 July 2023
H1 saw ‘record’ $9.2bn in limit from 41 cat bonds: GC

Loss-free accounts were generally up 20%-50% at renewal, the reinsurance broker said.

Catrin Shi, 05 July 2023
Lloyd’s 2022 preview: Low-90s combined ratio expected in unusual loss year

A canvass of Lloyd’s market executives generated an expected combined ratio of 92%-93% for 2022.

Catrin Shi, 28 February 2023
PCS Ian number climbs 16% to $47.4bn

The update to the October figure implies the ultimate number will comfortably breach the $50bn mark.

Fiona Robertson, 22 December 2022
Markel’s Noble: We will capture the property cat opportunity via Nephila

The incoming president for insurance also highlighted the role Nephila could play in the transition to net zero.

Catrin Shi, 21 December 2022
Canopius joins ranks of carriers dropping retro

The exit highlights increasingly difficult conditions in the retro and reinsurance markets.

Catrin Shi, 14 December 2022
QBE pulls out of retro in increasingly tough renewal

The carrier has become the latest in a string of reinsurers unwilling to write retro at 1 January.

Fiona Robertson, 13 December 2022
Ascot exits US retro market as severe capacity crunch looms

It is understood that Ascot will continue to write worldwide retro business.

Catrin Shi, 18 November 2022
Universal, Heritage among private homeowners’ leaders on Florida west coast

Research by sister title Inside P&C shows the top three homeowners carrier exposures by county for forecast highest impact areas.

Catrin Shi, 27 September 2022
Gallagher Re mints academic research centre

The Gallagher Research Centre will be led by Tina Thomson as global head of research.

Catrin Shi, 11 September 2022
TMK exits treaty reinsurance following strategic review

Underwriters in both London and Singapore are in discussions with the company.

Catrin Shi, 11 August 2022
Littlemore and Welch to exit Axa XL in reinsurance leadership reshuffle

The reorganisation is one of the first major changes to the reinsurance arm since Nancy Bewlay became CEO of the division.

Catrin Shi, 09 May 2022
Scor to cut nat-cat exposure by 15% by year-end

The reinsurer booked a 104% combined ratio in Q1 on higher than expected cat losses and Ukraine claims, with P&C retro ceded premium up 37%.

Catrin Shi, 06 May 2022
Tokio Marine Kiln reviews reinsurance strategy as Curran steps down

The Lloyd’s business is drawing on TMHCC to advise on the future of its reinsurance book.

Catrin Shi, 29 March 2022
Global insured loss tally reaches $130bn for 2021: Aon

The year broke a number of records in terms of insured losses.

Catrin Shi, 25 January 2022
Nephila forced to drop cyber from Syndicate 2358 launch

The change in plan comes as Lloyd’s restricts cyber growth.

Fiona Robertson, 21 December 2021
Lloyd’s highlights focus on cat and cyber in move to principles-based oversight

The Lloyd’s chief of markets also highlighted inflationary risks as a trend of which to be aware for syndicates.

Catrin Shi, 08 December 2021
Lloyd’s permits aggregate exposure growth for 2022 as premiums rise 15%

Business plans submitted for 2022 have set the market on track to generate a sub-95% combined ratio next year.

Catrin Shi, 07 December 2021
Covea-PartnerRe ranks among largest Bermudian deals in dollar terms

However, the deal is low-to-mid ranking in terms of book multiple.

Catrin Shi, 29 October 2021
AGCS seeks reinsurance partners to back growth strategy

‘We are not shrinking to greatness,’ said Allianz Global Corporate & Speciality CEO Joachim Müller.

Catrin Shi, 18 October 2021
E+S Rück forecasts across-the-board rate hikes for German reinsurance market

The Hannover Re subsidiary said the event would incur insured losses in Germany alone of “well in excess” of EUR8bn.

Catrin Shi, 18 October 2021
Tulane Uni notifies $100mn Ida claim as risk losses begin to emerge

The first pieces of solid risk loss information are coming to light following the storm, for which loss emergence has been slow.

Catrin Shi, 12 October 2021
Opinion: The Ida headscratcher

The lower-than-expected losses so far from Ida do not stack up against what is thought to be a $30bn+ cat event.

Catrin Shi, 05 October 2021
Markel and Catco agree buyout transaction for ILS funds

Markel will provide approximately $150mn to facilitate the buyout of the retrocessional segregated accounts of the funds, as well as tail-risk cover to release $100mn of trapped collateral.

Catrin Shi, 27 September 2021
Lloyd’s gives initial green light for Volante’s Syndicate 1699

The Corporation has given in-principle approval for the syndicate, which will have initial stamp capacity of £130mn.

Marcel Le Gouais, 23 September 2021
10 of the best from (Re)Connect 2021

From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.

Catrin Shi, 10 September 2021
BMS Re hires Mullan to build out new Bermuda operation

The former Alterra Global Reinsurance CEO will be responsible for establishing the new hub for the reinsurance broker.

Catrin Shi, 02 August 2021
HSCM co-leads $80mn private deal supporting InsurTech Kin's $1bn SPAC listing

As part of expansion plans, Ki has also signed a stock purchase agreement to acquire an inactive insurance carrier that holds licenses in more than 40 states.

Catrin Shi, 19 July 2021
Ontario Teachers and Stone Ridge among CFC Syndicate 1988 backers

The Canadian pension fund and the ILS fund provide Funds at Lloyd’s capital alongside traditional reinsurers.

Catrin Shi, 08 July 2021
Prince of Wales launches Insurance Task Force to tackle climate change

Executives including AIG CEO Peter Zaffino, Aon CEO Greg Case and Munich Re CEO Joachim Wenning have joined the task force, chaired by Lloyd’s.

Catrin Shi, 24 June 2021
CFC secures pension fund and ILS money for Syndicate 1988

Reinsurers from Bermuda, the Cayman Islands and Japan have also provided capital to the syndicate for its 1 July launch.

Catrin Shi, 21 June 2021
Cyber team leaves specialist MGA Occam

The platform has backing from ILS firm HSCM, although cyber paper was provided by HDI.

Catrin Shi, 07 June 2021
Beazley draws up plans for ESG-focused consortium and SIAB

he consortium and follow-only SIAB a targeted for a 1 January 2022 launch.

Catrin Shi, 01 June 2021
Markel/Nephila place majority Volante Global stake up for sale

CEO Talbir Bains founded the business in 2017 with backing from the market’s largest ILS manager.

Adam McNestrie, 05 May 2021
CFC mulls ILS support for Lloyd’s syndicate launch

The MGA will put some of its own capital behind the new syndicate, which will assume 20% of the risk from across its portfolio.

Catrin Shi, 30 April 2021
Lloyd’s targeting sub-50% attritional loss ratio: Keese

Underwriting profits in future must be able to counteract reduced investment income due to ultra-low interest rates, the CFO said.

Catrin Shi, 31 March 2021
Maltese, Mavani among Guy Carp defections to Howden

Around 15 producing brokers are on the move, with a number from the non-marine specialties team.

Fiona Robertson, 30 March 2021
Property D&F market faces up to $100mn Uri claim from Texas schools fund

The claim from the TASB Risk Management Fund is one of the first pieces of loss information to come to light following the Texas deep freeze.

Catrin Shi, 24 March 2021
Lloyd’s partners with start-up Bounce for NZ parametric quake risk

The product leverages real-time GeoNet data to automatically pay customers within five days following a strong earthquake.

Catrin Shi, 22 March 2021
Aon reveals combined post-deal executive committee

Gebauer, Kent, Pullum and Garrard are among the Willis execs named to big jobs.

Adam McNestrie, 27 January 2021
Alvarez joins Inigo's reinsurance team

The start-up's reinsurance division will target cat and retro business as well as a selection of specialty lines.

Catrin Shi, 06 January 2021
Neal: Industry must take cue from world leaders on climate responsibility

The Lloyd’s CEO said it was not for business to set the tone on climate, as the Corporation laid out its first ESG report.

Catrin Shi, 17 December 2020
Hendrick: Vantage will 'stay close' to ILS market

The carrier would consider a variety of tactics to manage third-party capital, the CEO said.

Catrin Shi, 07 December 2020
Singapore wealth fund GIC follows Miller deal with Convex funding

GIC said it co-led the consortium of existing and new investors to commit $1bn to the carrier.

Catrin Shi, 18 November 2020
Slaughter pauses plans for Lavant launch

The executive, alongside Oak Hill and Abry, have decided to delay the launch of the start-up until later in 2021.

Catrin Shi, 17 November 2020
ILS execs join Slaughter start-up Lavant as PE funding talks advance

Lavant is seeking at least $600m ahead of a proposed launch in January.

Adam McNestrie, 13 November 2020
ILS Capital expands direct insurance play with Dale and Apollo syndicates

The manager will support Apollo’s auto-focused Ibott syndicate as well as a contingency vehicle.

Catrin Shi, 09 November 2020
Lloyd’s ISPV could be running by end of 2020

The Corporation has focused on its plans to create a digital marketplace in Blueprint Two, its latest strategy document.

Catrin Shi, 05 November 2020
Axa XL exceeds H2 cat budget by EUR300mn after storms

Parent Axa leaves its EUR1.5bn estimate for Covid-19 losses unchanged at the nine-month mark.

Catrin Shi, 03 November 2020
Slaughter targets 1.1 market return with Bermuda start-up

The former Liberty executive’s long-term ambition is to build a tech-enabled, London-based risk carrier to align with the Future at Lloyd’s vision.

Adam McNestrie, 24 September 2020
ILS Capital seeking Lloyd's vehicle for Dale contingency play

The ILS manager is in the process of applying for a corporate member, sources said.

Catrin Shi, 23 September 2020
Andrade: ‘Only a matter of time’ before ILS investors come back

ILS expansion beyond cat will continue, the Everest Re CEO added.

Catrin Shi, 15 September 2020
Lloyd’s ‘real time’ capital management tools to be rolled out soon

Investors will be able to see their capital instruments in real time, CEO John Neal said during Insurance Insider’s virtual (Re)Connect event.

Catrin Shi, 14 September 2020

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