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Inside P&C’s News team runs you through the key highlights of the week. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Australian pricing ‘approaching distressed levels’ after successive floods.
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Rate increases are now universal in the property cat markets, the Gallagher Re executive said.
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The executive will join Aon as head of global digital placement platforms.
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Everest Insurance has announced that its president of global property, Erik Nikodem, will retire in mid-July. The insurance arm of Everest Re also announced the appointments of three key leadership roles in its US and global property division.
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It is understood that the two other bidders in the process were AJ Gallagher with a fee of $885,000 and Lockton with $700,000.
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Reinsurer capital fell 8% in Q1 to $645bn on the back of mark-to-market losses, as nat-cat capacity contracted materially for the first time since the 2004-2005 hurricane season.
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The carrier has also announced a brace of promotions in its first-party and specialty teams.
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The executive joined the Tokio Marine Kiln-owned MGA in 1995 and helped build the firm’s flood insurance division.
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RenaissanceRe has always been a business with strong convictions and an assured management team, willing to carve out a path distinct from competitors.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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