Loss Trends for Severe Convective Storms September 7, 2023 By L.S. Howard Loss trends for severe convective storms (SCS) have increased over the past 15 years and even more during the past...
The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
People Moves: Nutter to Retire as RAA President; Covington Appointed to Take the Helm September 6, 2023 The Reinsurance Association of America (RAA) on Wednesday said its long-time president, Frank Nutter, will retire at the end of...
People Moves: Marsh Names Harris CEO, UK Retail; AXA XL Appoints Meier as Chief Client Officer September 6, 2023 This edition of International People Moves details appointments at Marsh McLennan and AXA XL. A summary of these new hires...
Reinsurers’ Performance Keeps Improving on Underwriting Profits, ROE: Gallagher Re September 6, 2023 By L.S. Howard Reinsurers reported “a robust increase” in their capital base, improved underwriting profits as well as higher returns on equity and...
Howden New Zealand Acquires Apex Insurance September 6, 2023 Howden, the London-based insurance group, announced it has completed the acquisition of Apex Insurance New Zealand and its associated subsidiaries...
Specialist Risk Group Launches Entertainment, Media, and Sport Division September 6, 2023 Specialist Risk Group (SRG), the London-based insurance intermediary, announced the launch of a new division serving the global entertainment, media,...
Update: Lessor AerCap Settles Claim of $645M for Aeroflot Jets Stranded in Russia September 6, 2023 By Conor Humphries The world’s largest aircraft lessor has agreed to settle an insurance claim over Russia’s refusal to return 17 jets leased...
Global Watchdog Warns Over ‘Very High Leverage’ in Hedge Funds September 6, 2023 By Huw Jones Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board...
UK Parliament Calls in Surveyors to Test for Dangerous Concrete September 6, 2023 By Alex Wickham Tests are being carried out to determine whether the UK Houses of Parliament contain the form of crumbling concrete that...