AGCS – Cyber

AGCS makes five North America cyber appointments

2022-12-08T21:34:00+00:00

Allianz Global Corporate & Specialty (AGCS) has appointed five professionals to its cyber underwriting team in North America, including new hires from Axis Capital, L&F Indemnity and Zurich North America.

Rob Berkley

WR Berkley: “Very healthy flow” still coming out of standard market into specialty

2022-12-06T15:21:00+00:00

WR Berkley’s Rob Berkley has commented that standard market players are remarkably aggressive for risks that fall within their appetite but a “very healthy flow of business” is still going to the specialty area, with the executive also raising concerns over coming severity challenges for the workers’ compensation market. 

IM-WTW-Cyber-USMap

WTW: Cyber market seeing “signs of capacity beginning to broaden”

2022-12-05T22:22:00+00:00

In addition to increased competition in the cyber market leading to more nominal rate increases, many carriers are starting to communicate willingness to put up more capacity for certain risks although this has not yet become a reality, WTW has commented.

Laura Casby – Axa XL

Axa XL names Casby to lead upstream energy for UK and Lloyd’s

2022-12-05T13:04:00+00:00

Axa XL has promoted Laura Casby to head of upstream energy, UK and Lloyd’s.

SMBC Aviation Capital copy

SMBC Aviation Capital launches legal action in Irish High Court

2022-12-01T16:41:00+00:00

SMBC Aviation Capital has become the latest aircraft lessor to launch legal action against its insurers over claims for planes stranded in Russia.

IUMI

Global marine premiums rise to $33bn in 2021: IUMI

2022-12-01T13:57:00+00:00

Continued expansion in the cargo market helped drive 6.4 percent growth in global marine insurance premiums during 2021, according to new data released by the International Union of Marine Insurance (IUMI).

Laura Casby – Axa XL

Axa XL names Casby to lead upstream energy for UK and Lloyd’s

2022-12-05T13:04:00+00:00

Axa XL has promoted Laura Casby to head of upstream energy, UK and Lloyd’s.

IUMI

Global marine premiums rise to $33bn in 2021: IUMI

2022-12-01T13:57:00+00:00

Continued expansion in the cargo market helped drive 6.4 percent growth in global marine insurance premiums during 2021, according to new data released by the International Union of Marine Insurance (IUMI).

North

North P&I Club to hike premiums 10% to offset rising claims inflation

2022-11-28T13:47:00+00:00

North P&I Club will require a 10 percent general increase in protection and indemnity premium rates from all members for the 2023/24 policy year, amid expectations of rising claims costs owing to inflation.

AGCS – Cyber

AGCS makes five North America cyber appointments

2022-12-08T21:34:00+00:00

Allianz Global Corporate & Specialty (AGCS) has appointed five professionals to its cyber underwriting team in North America, including new hires from Axis Capital, L&F Indemnity and Zurich North America.

IM-WTW-Cyber-USMap

WTW: Cyber market seeing “signs of capacity beginning to broaden”

2022-12-05T22:22:00+00:00

In addition to increased competition in the cyber market leading to more nominal rate increases, many carriers are starting to communicate willingness to put up more capacity for certain risks although this has not yet become a reality, WTW has commented.

IM-WTW-BusinessPeople

WTW: Retentions “most readily available lever” for fiduciary insurers

2022-12-01T00:04:00+00:00

Fiduciary liability insurers have not been able to raise rates as much as they would like, “leaving retentions as the most readily available lever to adjust”, WTW has commented in a market outlook.

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