Reinier Jansen – Sompo International

Sompo International reinsurance exits continue with marine and energy head Jansen

2021-06-18T07:19:00+01:00

Sompo International’s Reinier Jansen is the latest senior underwriting executive to head to the door from the Zurich-based carrier’s reinsurance unit, The Insurer can reveal.

IM-Gallagher

Gallagher: Rates continue upwards push in bulk of power and energy lines

2021-06-17T23:38:00+01:00

Rate increases in the power and utilities and upstream/midstream insurance markets show little sign of wavering with carriers continuing to push for improvements, Gallagher has outlined in a new report.

PG&E wildfire

Power insurers “spooked” by PNW fires as capacity concerns mount

2021-06-17T19:42:00+01:00

Last year’s wildfires in the Pacific Northwest (PNW) have “spooked” US power liability insurers with underwriters growing increasingly wary of providing coverage and fears growing that carriers could exit entirely should losses worsen, Aon’s Christine Palomba has warned.

Cyber Acuview

Insurer consortium launches CyberAcuView to improve risk mitigation

2021-06-17T17:10:00+01:00

A group of insurers including AIG, Axis, Beazley, Chubb, The Hartford, Liberty Mutual and Travelers have supported the launch of CyberAcuView, a company dedicated to enhancing cyber risk mitigation efforts across the industry, with former AIG executive Mark Camillo as CEO.

Coal Power Plant At River

US power casualty rate rises weaken as new markets enter sector

2021-06-17T14:07:00+01:00

Bermuda and London markets continue to push for casualty rate increases on US power business but new entrants into the sector over the past year mean those price rises are now trending considerably lower than in 2020, according to Aon’s Christine Palomba.

IM-Miller_Insurance-Farris_Mellor

Miller strengthens CPRI team with Mellor hire

2021-06-17T06:25:00+01:00

Miller has added to its London-based credit and political risk insurance (CPRI) team with the hire of Farris Mellor from Price Forbes.

Reinier Jansen – Sompo International

Sompo International reinsurance exits continue with marine and energy head Jansen

2021-06-18T07:19:00+01:00

Sompo International’s Reinier Jansen is the latest senior underwriting executive to head to the door from the Zurich-based carrier’s reinsurance unit, The Insurer can reveal.

IM-Gallagher

Gallagher: Rates continue upwards push in bulk of power and energy lines

2021-06-17T23:38:00+01:00

Rate increases in the power and utilities and upstream/midstream insurance markets show little sign of wavering with carriers continuing to push for improvements, Gallagher has outlined in a new report.

PG&E wildfire

Power insurers “spooked” by PNW fires as capacity concerns mount

2021-06-17T19:42:00+01:00

Last year’s wildfires in the Pacific Northwest (PNW) have “spooked” US power liability insurers with underwriters growing increasingly wary of providing coverage and fears growing that carriers could exit entirely should losses worsen, Aon’s Christine Palomba has warned.

Cyber Acuview

Insurer consortium launches CyberAcuView to improve risk mitigation

2021-06-17T17:10:00+01:00

A group of insurers including AIG, Axis, Beazley, Chubb, The Hartford, Liberty Mutual and Travelers have supported the launch of CyberAcuView, a company dedicated to enhancing cyber risk mitigation efforts across the industry, with former AIG executive Mark Camillo as CEO.

Catherine Mulligan and Markel's Kelly Castriotta

Panel: Reinsurers looking “carefully” at cyber ceding commissions

2021-06-15T20:27:00+01:00

Catherine Mulligan, global head of Aon’s Reinsurance Solutions cyber practice group, has commented that reinsurers are carefully assessing cyber pricing adequacy in light of the soaring number of ransomware attacks, with the executive also noting “big increases in demand for non-proportional structures”.

Aon

Aon: US standalone and package cyber both saw record loss ratios in 2020

2021-06-09T18:55:00+01:00

Aon has revealed that US cyber insurers reported record loss ratios in 2020 and the market’s premium has doubled in the past five years, as the firm also called on the National Association of Insurance Commissioners (NAIC) to make cyber a standard reporting line in the insurance annual statement.

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