-
The IG said this year had been “more difficult” for the group’s reinsurance partners. -
Chairman Neil Eckert and CEO Trevor Carvey said the outlook for the market remains "very good".
-
Swiss Re has retreated from its “escalation clause” for the Middle East.
-
The specialty reinsurance space has experienced a recent period of talent churn.
-
There has been a period of staff displacement in the specialty reinsurance market.
-
The carrier increased specialty premium by 39% by the nine-month mark.
-
Ralph Beutter, currently the board member responsible for specialty lines, is set to retire in May 2025.
-
Overall, insurance rates fell by 1%, led by competition in property.
-
Despite potential claims stretching into the billions, the events are not expected to shift the dial on pricing.
-
Reinsurers are tightening their grip on certain specialty lines to make sure they remain profitable, say senior executives participating in our virtual roundtable.
-
The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
-
This publication has reported several exits from the carrier’s Lloyd’s operation.
