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It is understood the rationale around Coalition’s desire to sell Attune involved refocusing its story on cyber, where valuations have held up. -
InsurTechs use of “me-too” filings and competitor rates have us wondering, where is the innovation?
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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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Although 2022 was on balance, a good year, macro-economic issues such as a slowing economy, falling employment, and loss cost reversion could create an overhang for 2023.
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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 Californian insurer secured approximately $50mn of additional excess reinsurance limit for residential and commercial earthquake insurance markets.
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The intermediary recorded “one of the hardest reinsurance markets in living memory” as primary rate increases slowed.
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Cedants are grappling with rising rates while coverage narrows.
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Legacy firm Darag has completed a reinsurance agreement with an undisclosed US carrier that carries a transaction value of around $15mn.
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Historically, E&S carriers have grown in harder markets. For disciplined E&S insurers, firming markets present an opportunity for growth.
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Specialty reinsurers are insisting on exclusionary language in order to clear their books of further exposure to the conflict.
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The CEO called for the formation of public-private partnerships, akin to those in place for terrorism or earthquakes, to tackle systemic cyber risks.
