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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Chubb earnings reveal strategic expansion in Asia and pricing outpacing exposure.
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Mark Cloutier set out Aspen’s plans for top-line 2023 growth in the range of 10%, and a continued strategy of pursuing rate rather than exposure growth in property cat.
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On March 31, the National Weather Service counted 618 storm reports and 104 tornado reports, both records for the year to date.
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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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The forecast included two intense hurricanes, six hurricanes and 12 tropical storms.
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Reinsurers achieved an average ROE for 2022 of 5.2% – far below the cost of capital – in what Aon described as a “poor year for reinsurance sector earnings”.
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Prior to 2019, the Fair Plan’s commercial limits had not been adjusted in over two decades.
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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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The US continues to experience catastrophic flash flooding and heavy rainfall events that are impacting “inland” areas across the country, as well as coastal areas.
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The facility will support quota share capacity with Anchor Re on behalf of SageSure carrier partners.
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Carriers will address exposure to catastrophe losses, higher reinsurance costs, macroeconomic factors and inflation.
