Renaissance Re Q4 results

RenRe beats on strong Q4 UW results and reveals $500mn 1.1 DaVinci raise

2022-01-25T23:03:00+00:00

RenaissanceRe CEO Kevin O’Donnell highlighted record profitability in casualty and specialty along with strong results in property as the Bermudian reported a big fourth quarter swing to a $213.7mn operating profit from a $77.1mn operating loss in Q4 2020.

Westwood QBE

QBE puts US personal lines agency Westwood up for sale

2022-01-25T15:28:18+00:00

Australian insurance group QBE is working with investment bank Morgan Stanley on a process to sell Westwood Insurance Agency, the US MGA and retail broker that writes and places largely personal lines business distributed through home builders, The Insurer can reveal.

IM-Chubb-Miriam_Connole

Chubb names Connole CFO for international general insurance unit

2022-01-25T23:27:00+00:00

Chubb’s Miriam Connole has been promoted to chief financial officer (CFO) for its international general insurance operations succeeding John Jones who is retiring from the business after 43 years.

IM-NewYork-StJohnsUniversity-Zurich

Zurich NA opens St John’s scholarship program to applicants

2022-01-25T23:27:00+00:00

Zurich North America’s new scholarship program has started to accept applications with the insurer offering up to $10,000 to support students at St John’s University’s Maurice R Greenberg School of Risk Management, Insurance and Actuarial Science.

IM-NFP-Cyber-Courtney_Mauge-Rick_Cavaliere

NFP hires Marsh’s Maugé and WTW’s Cavaliere for cyber practice

2022-01-25T23:21:00+00:00

US broker NFP has hired Courtney Maugé from Marsh as its new cyber practice leader and Rick Cavaliere from WTW as a senior cyber broker.

Westwood QBE

QBE puts US personal lines agency Westwood up for sale

2022-01-25T15:28:18+00:00

Australian insurance group QBE is working with investment bank Morgan Stanley on a process to sell Westwood Insurance Agency, the US MGA and retail broker that writes and places largely personal lines business distributed through home builders, The Insurer can reveal.

IM-Chubb-Miriam_Connole

Chubb names Connole CFO for international general insurance unit

2022-01-25T23:27:00+00:00

Chubb’s Miriam Connole has been promoted to chief financial officer (CFO) for its international general insurance operations succeeding John Jones who is retiring from the business after 43 years.

IM-NewYork-StJohnsUniversity-Zurich

Zurich NA opens St John’s scholarship program to applicants

2022-01-25T23:27:00+00:00

Zurich North America’s new scholarship program has started to accept applications with the insurer offering up to $10,000 to support students at St John’s University’s Maurice R Greenberg School of Risk Management, Insurance and Actuarial Science.

IM-NFP-Cyber-Courtney_Mauge-Rick_Cavaliere

NFP hires Marsh’s Maugé and WTW’s Cavaliere for cyber practice

2022-01-25T23:21:00+00:00

US broker NFP has hired Courtney Maugé from Marsh as its new cyber practice leader and Rick Cavaliere from WTW as a senior cyber broker.


Viewpoint

More Viewpoint

AM Best

AM Best: US P&C market resilient in face of headwinds as 9M DPW soars

As the US P&C sector begins to report its Q4 and full-year 2021 results, new analysis from AM Best shows that direct premiums written grew 10 percent in the first nine months of last year as the market rebounded from a pandemic-related slowdown with (re)insurers showing “extraordinary resilience” to headwinds.

ILS issuance

2021 cat bond issuance at record $12.5bn

Cat bond issuance reached a new record high for the second consecutive year in 2021 as investors continued to be drawn to the sector, with fresh issuance climbing to $12.5bn.

PwC

PwC: Cyber and global health continue to dominate CEO concerns but insurance execs are upbeat

Cyber threats and global health risks remain the two greatest concerns to global CEOs while macroeconomic volatility has grown in prominence as a worry for executives over the past 12 months, the findings from a major new PwC report show.

AM Best

AM Best: US P&C market resilient in face of headwinds as 9M DPW soars

As the US P&C sector begins to report its Q4 and full-year 2021 results, new analysis from AM Best shows that direct premiums written grew 10 percent in the first nine months of last year as the market rebounded from a pandemic-related slowdown with (re)insurers showing “extraordinary resilience” to headwinds.

ILS issuance

2021 cat bond issuance at record $12.5bn

Cat bond issuance reached a new record high for the second consecutive year in 2021 as investors continued to be drawn to the sector, with fresh issuance climbing to $12.5bn.

PwC

PwC: Cyber and global health continue to dominate CEO concerns but insurance execs are upbeat

Cyber threats and global health risks remain the two greatest concerns to global CEOs while macroeconomic volatility has grown in prominence as a worry for executives over the past 12 months, the findings from a major new PwC report show.

Lime Street

Lloyd’s: Use it or lose it…

This week will represent a potentially significant milestone in the return to office working following the lifting of the official work-from-home guidance put in place by the UK government last year in a bid to reduce the spread of the Omicron Covid-19 variant.

Miles Wuller and Mark Cloutier

Where aggregated risk meets a multi-platform carrier

Two strong themes in the evolution of the distribution/MGU model and the (re)insurer model in recent years have been aggregation of risk by expansive intermediaries with underwriting platforms, and the emergence of multi-platform carriers aiming to allocate risk to the right form of capital.

CCR Re and Scor

CCR Re and Scor 2022 sidecars highlight ILS support is still available – at a price

Like the numero quatre-vingts bus, you wait ages for a French cat sidecar and then two come along at once…

Lime Street

Lloyd’s: Use it or lose it…

This week will represent a potentially significant milestone in the return to office working following the lifting of the official work-from-home guidance put in place by the UK government last year in a bid to reduce the spread of the Omicron Covid-19 variant.

Miles Wuller and Mark Cloutier

Where aggregated risk meets a multi-platform carrier

Two strong themes in the evolution of the distribution/MGU model and the (re)insurer model in recent years have been aggregation of risk by expansive intermediaries with underwriting platforms, and the emergence of multi-platform carriers aiming to allocate risk to the right form of capital.

CCR Re and Scor

CCR Re and Scor 2022 sidecars highlight ILS support is still available – at a price

Like the numero quatre-vingts bus, you wait ages for a French cat sidecar and then two come along at once…