Gallagher’s Weyman: Direct aviation remains buyer’s market amid surplus capacitySurplus capacity remains in the direct aviation market despite the backdrop of high-profile losses suffered by (re)insurers in recent years, according to Gallagher Aerospace global executive Nigel Weyman.
In recent years both insurers’ and reinsurers’ return on equity have dipped, while the top five reinsurance intermediaries have performed strongly. This is not sustainable.Andrew Matson, CEO of Augment Risk, speaking after its hire of Alan Quilter
Sompo Intl’s DePiero: Loss development to deter cyber market from rate reductions TVLoss development from 2023 in the cyber market should taper any further reductions in rate, according to Richard DePiero, EVP and head of Sompo Pro US at Sompo International.