AGCS makes five North America cyber appointments
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.
WR Berkley: “Very healthy flow” still coming out of standard market into specialty
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.
WTW: Cyber market seeing “signs of capacity beginning to broaden”
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.
Axa XL names Casby to lead upstream energy for UK and Lloyd’s
Axa XL has promoted Laura Casby to head of upstream energy, UK and Lloyd’s.
SMBC Aviation Capital launches legal action in Irish High Court
SMBC Aviation Capital has become the latest aircraft lessor to launch legal action against its insurers over claims for planes stranded in Russia.
Global marine premiums rise to $33bn in 2021: IUMI
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).
Axa XL names Casby to lead upstream energy for UK and Lloyd’s
Axa XL has promoted Laura Casby to head of upstream energy, UK and Lloyd’s.
Global marine premiums rise to $33bn in 2021: IUMI
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 P&I Club to hike premiums 10% to offset rising claims inflation
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 makes five North America cyber appointments
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.
WTW: Cyber market seeing “signs of capacity beginning to broaden”
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.
WTW: Retentions “most readily available lever” for fiduciary insurers
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.