Ledgebrook raises $24mn in AFV-led Series A to support E&S expansionMGA Ledgebrook has raised $24mn in a Series A round led by American Family Ventures, with the proceeds earmarked to support the launch of additional products, add talent and fund a captive to retain a portion of its business and align with its reinsurers, E&S Insurer can reveal.
This year we delivered 84 percent but with not very much cat. Next year, we believe that should be between 90 and 95 percentLloyd’s CFO Burkhard Keese reflects on the market’s 2023 combined ratio and gives guidance for FY24
RenRe’s Manson: Industry is actively collaborating to address climate concerns TVReinsurers' concerns over collaborating in a competitive environment have been overtaken by the mounting challenges presented by climate change, according to Jeff Manson, RenaissanceRe’s SVP of underwriting and head of global public sector partnership.
TV NewsCat BondsTwelve’s Morris: Cyber to become bigger part of cat bond marketCapital market support for cyber risks is set to grow following the emergence of the first cyber cat bonds, with Twelve Capital’s head of ILS analytics Rhodri Morris predicting the class will become a more significant part of the cat bond market in the future.Fri 22 Dec 2023
TV News in FocusCyberCFC’s Burns: Clarity on systemic events will enable cyber reinsurance market to growThe planned UK Cyber Monitoring Centre can help deliver the clarity around systemic event definitions required for the cyber reinsurance market to grow at pace, according to CFC’s James Burns.Tue 21 Nov 2023
TV Close QuarterCyberGC’s Davis: Stepped-up cyber attacks keep industry on its toesAn influx of ransomware attacks and an increase in privacy claims driven by data breaches have prompted the industry to reassess cyber risk controls as it looks to safeguard $14bn of global GWP, Guy Carpenter’s cyber practice co-lead Erica Davis has told The Insurer TV.Sun 5 Nov 2023
TV News in FocusLossesClosing the protection gap: Paula Jarzabkowski and Julian Enoizi on the need for a collaborative approachMajor catastrophic events frequently highlight the central challenge in disaster risk financing: the gap between those who have protection against these losses and those who don’t.Fri 27 Oct 2023