Black Sea shipping rates rise as reinsurers cut cover
Marine, P/C Insurers, P/C Pricing, Reinsurance Central & Eastern Europe, Russia
Marsh & McLennan Agency sues Alliant, former employees
Agents and Brokers Alliant Insurance, Marsh & McLennan
The Ardonagh Group acquires Zurich-based broker SRB
The Ardonagh Group, a large independent insurance distribution platform, has acquired Zurich-based broker SRB Assekuranz Broker AG (SRB).
SCOR elevates Sütterle and Bartlett to new senior roles for 2024
French reinsurer SCOR has announced that David Sütterle and Damien Bartlett will be stepping into new senior roles in 2024, which are set to “enhance” the firm’s strategic focus and “streamline” its operations.
Catastrophe losses erode almost half of Travelers’ aggregate reinsurance retention
US primary insurer Travelers accumulated $935 million of qualifying losses towards the aggregate retention of its $2 billion property catastrophe reinsurance treaty during H1 2022, according to the company’s Chief Financial Officer (CFO), Dan Frey.
Berkshire (BHSI) expands Canadian executive lines offerings, Lue named Private Company Leader
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has updated its Canadian private company executive lines suite of products. Simultaneously, the insurer has also appointed Shaun Lue as Private Company Leader, based in Toronto.
Firms continue to see attractive opportunities in property cat reinsurance: TD Cowen
Despite ongoing pricing pressures, the management teams TD Cowen spoke with ahead of the January 1, 2026, renewals continue to see attractive opportunities in property catastrophe reinsurance.
DAE reaches $319m in cumulative settlements for stranded aircraft
Dubai Aerospace Enterprise (DAE) has revealed that it has received $201 million in cash settlements over the past three months from selected insurance companies for aircraft previously leased to airline carriers in the Russian Federation.
Arch CEO expects ‘flattish’ Florida reinsurance renewals with additional demand
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based insurer and reinsurer Arch Capital Group, said today that he expects the upcoming Florida reinsurance renewal season to be more flattish than what was seen at the April renewals, with additional demand from clients.
Allstate estimates $325 million cat losses for January
The Allstate Corporation has announced estimated catastrophe losses of $325 million for the month of January 2024, primarily driven by two events that comprised approximately 80% of the losses.
Chubb shareholders reject limitations on insuring fossil fuel firms
Emerging Risks, Energy, P/C Insurers, Risk Management Chubb Ltd., Marsh & McLennan
CG Re (Africa) opens London office, first outside Africa
Specialist reinsurance broker, CG Re (Africa) Ltd has announced the opening of its London office, part of the company’s expansion strategy to become an international and global reinsurance broker.
DARAG Group completes Hawaii captive acquisition
Legacy acquirer DARAG Group has announced it has completed the acquisition of a Hawaii captive, the transaction value is undisclosed.