Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected January 24, 2023 By Susanne Sclafane When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually...
Global Natural Catastrophe Insurance Losses Estimated at $112B in 2022: Carpenter December 30, 2022 Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance broker Guy Carpenter said on...
People Moves: WTW Adds Rolfe in West; Guy Carpenter Makes GC Access Appointments October 25, 2022 WTW, a global advisory, broking and solutions company based in New York, New York, has appointed Terry Rolfe as director...
Property Cat Market to Harden More; Possible ‘Significant Supply Imbalance’: MMC’s Doyle October 21, 2022 By Chad Hemenway While the total impact of Hurricane Ian won’t be realized for some time, the effect on an “already stressed property...
People Moves: Lockton Re Taps CyberCube’s Brew for London Cyber Practice; Howden Hires Tysers Godfrey for Equine Division; Carpenter’s Delegated Authority Unit Hires 3 October 19, 2022 This edition of International People Moves details appointments at three brokers: Lockton Re’s Cyber Practice, Howden’s Equine division and Guy...
People Moves: Guy Carpenter Names N. America GC Access Exec Team; Marsh Promotes Perry for Political Risk & Structured Credit; WTW’s Hodgkinson to Join BMS Asia May 23, 2022 This edition of International People Moves details appointments at three brokers: Guy Carpenter, Marsh and BMS. A summary of these...
People Moves: Former Pool Re CEO Enoizi Named Carpenter’s Head of Public Sector; AGCS Hires BHSI’s Maxwell as Global Head of Financial Lines March 31, 2022 This edition of Internation People Moves details appointments at Guy Carpenter and Allianz Global Corporate & Specialty. A summary of...
Many Re/Insurance Buyers Are ‘Frustrated’ With Multiple Years of Price Rises January 5, 2022 By L.S. Howard Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved...
COVID-19 Claims of $44B Are 3rd Largest Catastrophe Loss: Howden January 4, 2022 Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind...
January Renewals ‘Orderly’ but Loss-Affected Programs Saw More Challenges: Carpenter January 3, 2022 The January 1 renewals saw “ample capacity” for many lines, although reinsurers adjusted their risk appetite and pricing “for certain...