Insurance Day

Articles for 16 July 2024

Daily Digest: War rates prop up marine market, Moody’s RMS on Beryl losses, Data strategy and market modernisation

Catch up on the essential news and analysis from the Insurance Day experts
Online Published Date: 2024-07-16T18:40:15

Data strategy and the modernisation puzzle

The insurance sector collects, processes and analyses a veritable feast of data, a situation that is becoming increasingly complicated as the use of generative AI accelerates and establishes itself as mainstream
Online Published Date: 2024-07-16T17:40:13

Chubb appoints Kelaher to lead Europe and Mena

Insurance giant promotes Australian and New Zealand country president following departure of Sara Mitchell
Online Published Date: 2024-07-16T15:40:10

P&C premiums to rise 3.3% in 2024: Swiss Re

Hard market will continue into next year, with personal lines stronger than commercial, reinsurance giant forecasts
Online Published Date: 2024-07-16T14:40:10

US Beryl losses could reach $4.5bn: Moody’s

Non-US insured losses not expected to exceed $1.5bn, modelling firm estimates
Online Published Date: 2024-07-16T11:40:11

War risk proceeds propping up marine hull market

A windfall worth hundreds of millions of dollars to marine underwriters is being used to keep prices down in other lines, brokers contend
Online Published Date: 2024-07-16T11:40:11

Markel names AIG's Cole as chief actuary

Cole joins from AIG where he was global pricing chief actuary
Online Published Date: 2024-07-16T09:40:10

AIG names Twiningdavis as chief administrative officer

Twiningdavis joins from Accenture where she was  head of the group's global supply chain operations
Online Published Date: 2024-07-16T09:40:10

Artex launches protected cell company in Vermont

Protected cell structure can be used as an initial step in forming a single-parent captive
Online Published Date: 2024-07-16T09:40:10

Beryl threatens to halve TWIA's $450m catastrophe fund

Texas Windstorm Insurance Association committee advises 10% rate hike 
Online Published Date: 2024-07-16T08:40:12

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