Jacobson: Survey Shows ‘A Significant Pause’ in Industry Job Growth February 12, 2024 By Allen Laman More than half of insurance companies expect to increase staff in the next year, according to the latest labor market...
Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023 February 9, 2024 By L.S. Howard Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown...
People Moves: Aventum Promotes Eldridge to MD; Aon Names Dando as EMEA Head of Strategy, Technology Group; Chubb Taps WTW’s Källs as Country Mgr, Sweden/Finland January 25, 2024 This edition of International People Moves details appointments at the re/insurance group Aventum, the broker Aon, and insurer Chubb. A...
After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms January 25, 2024 By Gautam Naik The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While...
Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023 January 24, 2024 Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report....
Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk January 22, 2024 By Gautam Naik and Sheryl Tian Tong Lee For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The...
Reinsurers’ Casualty Appetites Varied, but Capacity Was ‘Ample’ During 1/1 Renewals January 19, 2024 By L.S. Howard Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting...
People Moves: Trueman Joins CFC as CUO After Recent Management Shakeup; Aon Promotes Kielty to UK CEO; QBE Re Taps AXIS’ DeSilva as Specialty Underwriter January 9, 2024 This edition of International People Moves details appointments at CFC, Aon and QBE Re. A summary of these new hires...
Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform January 8, 2024 Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London...
January’s Property Cat Renewals See Biggest Price Hikes in Turkey, Italy and US January 4, 2024 By L.S. Howard While the reinsurance market indeed stabilized during the January 2024 reinsurance renewals (from the chaotic January renewals of last year),...