-
Personnel turnover and ongoing redevelopment into new areas were the notable themes of the past 12 months. -
The US earthquake bond is from a first-time corporate sponsor.
-
The carrier will make takeout offers to a selection of Citizens’ customers.
-
Hail, wind and torrential rain struck Victoria and Tasmania.
-
1 January renewals are running late across the board as reinsurers hold out for improved terms, but the retro segment is the most challenged for capacity.
-
In a recent report, the ratings agency cited rising loss cost inflations, enhanced market discipline, and growing demand for reinsurance capacity as the industry approaches 1 January renewals.
-
The Lloyd’s chief of markets also highlighted inflationary risks as a trend of which to be aware for syndicates.
-
The former Army captain is expected to remain in the insurance industry.
-
The Australian Reinsurance Pool Corporation (ARPC) and Insurance Council of Australia (ICA) have welcomed draft legislation and regulations with an A$10bn ($7bn) guarantee from the Australian government for the country’s cyclone reinsurance pool.
-
The storm tore through north-western Europe in October, with major losses in France, Germany and Belgium.
-
The firm’s senior meteorologist noted activity was in line with expectations on major storms, if not all named storms.
-
The deal was struck in the wake of the collapse of Aon and Willis Towers Watson’s merger.
