Commercial Lines

The new company will focus on expanding into US coastal areas.

The third-party capital raise came in 24% lower than January 2021, as the DaVinci sidecar took most inflows.

Investors are increasingly concerned about legislative changes and climate change, but there are drivers for optimism, the consultant said.

Total issuance during 2021 beat the previous annual peak of £11bn in 2020, according to an Aon note marking the cat bond sector’s 25th anniversary.

Piotr Nowakowski will join Peak Re in February 2022 and be responsible for managing the company’s underwriting functions.

The ratings agency is allowing more time for feedback on proposed changes to assessing insurers’ capital adequacy levels.

Southern Fidelity is seeking to lift homeowner rates by 85%. 

The industry is expected to improve its return on capital slightly in 2022.

Both pricing and terms improved in most of its core market, with the firm's year-on-year renewal net rate change for 1.1 business estimated to be +5%

The London fund has been transitioning its diversifying portfolio to a pooled scheme, which has posted some growth in insurance holdings.

Li has twenty years of modelling experience and previously worked at Guy Carpenter.

Another pandemic outbreak came in fourth place, with 22% of respondents saying they were worried about further health and workforce issues and movement restrictions in 2022.