Markets/Coverages: New Lloyd’s Syndicate Provides E&S Cover for Calif. Wildfire Risks July 26, 2023 Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense...
Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims July 21, 2023 Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals July 6, 2023 By L.S. Howard Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January...
Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery June 21, 2023 Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery...
People Moves: Howden Hires 3 for Casualty in London, Bermuda; Aon Names Fakkel CTO, Strategy & Tech Group; Everest Re Taps AIG’s Gallagher as Head of U.S. Facultative June 15, 2023 This edition of International People Moves details appointments at Howden Broking, Aon and Everest Re. A summary of these new...
MOVEit Cyber Attack Hits UK Printing Firm Used by Insurers, Brokers and Banks June 15, 2023 By Olivia Solon A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim...
Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’ June 15, 2023 By L.S. Howard Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of...
Aon Denied Restraining Order Against Alliant June 12, 2023 By Chad Hemenway In a June 9 ruling, a federal judge denied Aon a temporary restraining order against Alliant Insurance Services related to...
New Models Aim to Better Predict Storm Surge, Insured Losses From Hurricanes June 2, 2023 By Insurance Journal Staff Reports Two new hurricane forecast models promise to help property owners and insurers better predict the losses from storms that may...
Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group May 18, 2023 By Chad Hemenway Aon this week filed a lawsuit against rival Alliant Insurance Services for an alleged “unlawful raid” of senior leaders and...