Property
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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.
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The ratings agency is allowing more time for feedback on proposed changes to assessing insurers’ capital adequacy levels.
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Southern Fidelity is seeking to lift homeowner rates by 85%.
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The industry is expected to improve its return on capital slightly in 2022.
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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%
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The London fund has been transitioning its diversifying portfolio to a pooled scheme, which has posted some growth in insurance holdings.
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Li has twenty years of modelling experience and previously worked at Guy Carpenter.
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The French reinsurer’s vehicle has renewed for the fourth consecutive year.
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Almost 130 insurers claim that the defendants failed to prepare for the power loss that caused “significant property damage” to carriers and policy holders.
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The blaze destroyed 1,000 structures and damaged a further 100 in the state’s most destructive wildfire incident.
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Property cat rate increases this January were double those of last year and the highest since 2014.
