News Home

Cyber market braced for losses as Sita data breach revealed

The breach at the service provider has the potential to generate losses on cyber programmes bought by individual airlines.

Japanese renewals: Reinsurers lower expectations of wind repricing

Typhoon loss payback is the main issue for wind/flood renewals, while quake will likely run flat, as wrangles over communicable disease exclusions continue.

The Week in 90 Seconds: Horton's departure; Japanese renewals; Greensill trade credit loss

Plus more on movement in the cargo market, executive moves and some of the key 2020 results from this week

Willis wins PHI Group account from AJ Gallagher

The broker adds a mandate worth $10mn in premium after its Bristow Helicopter win.

• CoStar withdraws $7bn-plus bid for CoreLogic
• RiverStone Europe completes £370mn RITC with Hamilton Syndicate 4000
• Citizens plans $850mn cat bonds as it looks to double reinsurance limit
• Aegis London reports near-doubling of 2020 profit and 91.6% CoR
• Former CatCo CUO Moore joins Lockton Re retro team
• New Zealand hit by trio of earthquakes but little damage emerges

Opinion

Opinion: Latent risk – The cat market’s inconvenient truth

After almost a decade of missteps and setbacks, could QBE be turning a corner?

Despite improvements in Lloyd's latest culture survey serious questions remain about whether London is becoming more inclusive

When there is nothing average about cat losses, why benchmark to the mean?

In Brief

MGA Avid Insurance acquires construction specialist IIGL

Cytora appoints Hiscox NED Huerlimann to advisory board

UK government extends film and TV backstop, with trade credit under review

Pool Re hires Huang for digital transformation head role

Aston Lark acquires Scottish broker Bruce Stevenson

InsurTech MGA C-Quence makes Hiscox and Chubb hires

Analysis

Texas Big Freeze: Why are the numbers so far apart?

As some in the market believe the winter claims will remain notably below $20bn, there are multiple factors creating challenges in assessing the event.

Hiscox London Market: The talent challenge

We assess the hurdles facing the marquee specialty insurance franchise, including staff retention and the fallout from the UK BI saga.

InsurTech funding falls to $1.6bn in Q4: Forrester

The fourth quarter, while down on Q3 and a year earlier, was the sixth-highest three-month period since tracking began in 2010.

D&O market faces prolonged claims activity as recession bites​​​​​​​

Market sources said that ongoing economic disruption is likely to keep pricing in the market high.

Lill and Newell top the 2020 D&O Rankings

Survey participation grew to its highest level in 2020 and almost 260 professionals were named in the overall ranking.

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