-
Storms Pia and Henk, followed by a cold snap, follow three years of 100+ combined ratios for UK insurers. -
Jon Colello will become president in the management shake-up.
-
The figure does not include losses from the likes of infrastructure, automobiles and business interruption.
-
European rates on line increased by 7.60%, while in the US prices were up 5.25%.
-
Roughly $750mn of securities across 13 cells are available to institutional investors via London Bridge vehicles.
-
The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
-
The broker said global cat rates rose 3% in the 1 January reinsurance renewals.
-
The firm’s reinsurance leader said over-subscriptions on cat reinsurance programmes have been driven by a psychological shift.
-
The broker’s 1st View report predicted that cat bond issuance should remain elevated until at least Q2 2024.
-
Reinsurers are making some adjustments to secure target signings but appetite to grow is finely balanced.
-
The ICA escalated the event from a ‘significant event’ to an 'insurance catastrophe', reflecting the escalating severity of the situation.
-
The broker has reported that Storm Zoltan is set to become the second-highest wind-related insured loss event in Europe in 2023 after Storm Ciarán.
