Marsh McLennan
-
Global property cat rates were up 30% during the quarter. -
Global property cat reinsurance posted the most notable risk-adjusted rate increases, spiking about 30% on average, with loss-impacted clients seeing higher pricing.
-
The results represent a return to double-digit expansion following three quarters of single-digit growth.
-
It is understood that London-based SVP Andrew Drysdale, who has worked at Marsh for over six years after almost five years at Aon, will relocate to Chile.
-
Assuming the new role immediately, she will oversee growth, innovation and talent development for Icat and its Boulder Claims subsidiary.
-
Reinsurers are less worried about their property books compared to last year, and eyeing development of casualty loss costs due to social and macroeconomic inflation.
-
The insurance industry is looking to play a part in supporting the rebuild of the war-torn country.
-
The executive worked for over four years at CMF first as specialty coordinator and then as Latin America leader of portfolio solutions.
-
The supply-chain finance firm dramatically collapsed in 2021 after its trade credit insurance was pulled.
-
The executive was previously co-CEO of First Republic Bank.
-
The first risks have already been bound under the facility, with work to place a further 5% ongoing.
-
Though strong growth continues, the future is less clear as driving forces potentially run out of steam.
