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Beazley’s Cox: Continued hard property market into 2024 will drive further discipline

News

Commercial property

Beazley’s Cox: Continued hard property market into 2024 will drive further discipline

Beazley CEO Adrian Cox has said the group expects to deliver further property growth in 2024 as it looks to expand its US portfolio.

Fri 1 Dec 2023

Zurich’s Quinn: Insurance industry cannot ignore sustainability

News

ESG

Zurich’s Quinn: Insurance industry cannot ignore sustainability

Sustainability is a fundamental element of the industry’s purpose and its capacity to build resilience, according to Zurich’s chief financial officer George Quinn.

Fri 1 Dec 2023

News

Transition

Crowe’s Hindson: Insurers must hold clients to account on energy transition

Holding clients to account on their energy transition progress is essential if insurers are to successfully reduce their own greenhouse gas emissions, according to Crowe UK’s Alex Hindson.

Fri 1 Dec 2023

Swiss Re targets higher 2024 net income of $3.6bn under IFRS

News

Financials

Swiss Re targets higher 2024 net income of $3.6bn under IFRS

Swiss Re expects to increase its full-year net income to more than $3.6bn for 2024 and generate a multi-year return on equity of more than 14 percent under a series of new financial targets announced ahead of its investor day.

Fri 1 Dec 2023

UFG begins search for new CUO as Bahl takes newly created field operations role

News

People Moves

UFG begins search for new CUO as Bahl takes newly created field operations role

United Fire Group is on the hunt for a new chief underwriting officer with the incumbent Jeremy Bahl poised to take on the newly created role of vice president of field operations from 1 December 2023.

Fri 1 Dec 2023

P&C (re)insurers’ shares propelled by best November in three years for global stocks

Analysis

Share price

P&C (re)insurers’ shares propelled by best November in three years for global stocks

A broad-based equity rally and muted loss activity in November boosted P&C (re)insurers’ stocks on both sides of the Atlantic.

Fri 1 Dec 2023

TMHCCI looks to expand in German surety market led by Sandfort

News

People Moves

TMHCCI looks to expand in German surety market led by Sandfort

Tokio Marine HCC International has appointed Matthias Sandfort as head of surety in Germany.

Fri 1 Dec 2023

Markel insurance president and COO Cox to leave at year-end

News

People Moves

Markel insurance president and COO Cox to leave at year-end

Bob Cox, president and chief operating officer, global insurance operations, at Markel will leave his role at the end of the year, at which time the specialty and international divisions will report directly to Jeremy Noble.

Thu 30 Nov 2023

AIG names Glazer permanent GC after Walsh opts to remain at Stripe

News

People Moves

AIG names Glazer permanent GC after Walsh opts to remain at Stripe

AIG has named Rose Marie Glazer as its new general counsel, with the executive taking on the position after Patricia Walsh, who the company had announced in late September would be taking the role, decided to remain with her current employer Stripe.

Thu 30 Nov 2023

Skyward names Robinson board chair and Kuczinski lead independent director

News

People Moves

Skyward names Robinson board chair and Kuczinski lead independent director

Skyward Specialty has appointed CEO Andrew Robinson to the additional role of board chair and named former Munich Re US CEO Tony Kuczinski lead independent director, with the current chair and Westaim Corporation CEO Cameron MacDonald stepping down.

Thu 30 Nov 2023

Ryan Specialty names Nash as CorRisk president

News

People Moves

Ryan Specialty names Nash as CorRisk president

Ryan Specialty has named Thomas Nash president of professional liability managing general underwriter CorRisk Solutions, an appointment that follows Kelly Underwriting Services becoming part of the Pat Ryan-led firm in the summer.

Thu 30 Nov 2023

Cover Whale adds SiriusPoint’s Siry as chief operating and technology officer

News

People Moves

Cover Whale adds SiriusPoint’s Siry as chief operating and technology officer

Commercial trucking insurtech Cover Whale Insurance Solutions has added Darryl Siry as chief operating and technology officer, with the new hire most recently at SiriusPoint.

Thu 30 Nov 2023

HDI Global posts improved 9M CR of 92.7%

News

Results

HDI Global posts improved 9M CR of 92.7%

Industrial lines insurer HDI Global has reported a combined ratio of 92.7 percent for the first nine months of 2023, an improvement of 2.7 percentage points year on year despite the impact of natural catastrophe losses including the Turkey and Morocco earthquakes.

Thu 30 Nov 2023

Lloyd’s set for 11% growth to £60bn GWP in 2024

News

Results

Lloyd’s set for 11% growth to £60bn GWP in 2024

Lloyd’s chief of markets Patrick Tiernan predicts Lloyd’s will grow to a new record size of £60bn ($75.8bn) GWP in 2024, an 11 percent increase on the expected £54bn GWP this year.

Thu 30 Nov 2023

UK minister Tugendhat backs Pool Re proposed treaty plans

News

War and terrorism

UK minister Tugendhat backs Pool Re proposed treaty plans

Pool Re remains a “vital part” of the UK’s counterterrorism strategy according to security minister Tom Tugendhat, who threw his weight behind proposals from the terrorism mutual to move its reinsurance scheme to a catastrophe treaty model in a bid to return more risk to the private market.

Thu 30 Nov 2023

News

Marsh adds Canopius and Axa XL to Fast Track facility

Marsh has expanded the pool of participating insurers in its Fast Track facility with the addition of Canopius and Axa XL.

Thu 30 Nov 2023

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Content Types

Beazley’s Cox: Continued hard property market into 2024 will drive further discipline

Zurich’s Quinn: Insurance industry cannot ignore sustainability

Crowe’s Hindson: Insurers must hold clients to account on energy transition

Swiss Re targets higher 2024 net income of $3.6bn under IFRS

UFG begins search for new CUO as Bahl takes newly created field operations role

P&C (re)insurers’ shares propelled by best November in three years for global stocks

TMHCCI looks to expand in German surety market led by Sandfort

Markel insurance president and COO Cox to leave at year-end

AIG names Glazer permanent GC after Walsh opts to remain at Stripe

Skyward names Robinson board chair and Kuczinski lead independent director

Ryan Specialty names Nash as CorRisk president

Cover Whale adds SiriusPoint’s Siry as chief operating and technology officer

HDI Global posts improved 9M CR of 92.7%

Lloyd’s set for 11% growth to £60bn GWP in 2024

UK minister Tugendhat backs Pool Re proposed treaty plans

Marsh adds Canopius and Axa XL to Fast Track facility