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Willis Towers Watson hires JLT's Danyluk for property role

Willis Towers Watson has appointed Andrzej Danyluk as head of international property for the London market.

Guy Carpenter makes senior Bermuda hires

Guy Carpenter has hired Robert Johnston and Peter Komposch from Aon Reinsurance Solutions as chairman and head of casualty and specialty, respectively, in the broker’s Bermuda operations.

Hannover Re P&C Q3 profit impacted by cat losses

Hannover Re’s property and casualty (P&C) reinsurance segment took a significant hit to third quarter operating profits, as catastrophe losses took their toll.

Blenheim hires Anthony from WRB for property D&F role

Blenheim Syndicate 5886 has recruited Simon Anthony to write direct and facultative (D&F) property business.

• London market business leads growth at Hiscox
• Axa XL expands UK A&H team
• Fidelis guns for product recall with MGA linkup
• RMS tightens Hagibis loss range with $7bn-$11bn estimate
• Willis Towers Watson reports 6% organic growth in Q3
• Swiss Re P&C income up 39% at end of Q3

Analysis

ANALYSIS: Reinsurance market dynamics

The results of Aon’s recent reinsurance market survey suggest the challenging market conditions which drove rates to rock bottom are easing – but much more slowly than in the fac market

ANALYSIS: Mining, energy and power

As the cycle reasserts itself in the broader property markets, upstream energy and mining are still struggling with a low-rate, high-capacity environment, but downstream and power are looking up

ANALYSIS: M&A

It’s barely six months since the news of Aon’s proposed acquisition of Willis Towers Watson surfaced, and yet talk of another bid in the near future has persisted.

ANALYSIS: Sports injury

Premier League injury costs hit an all-time high last season, according to Marsh-JLT Specialty, spelling opportunity for the A&H market

Country Profile

MARKET PROFILE: China versus Taiwan

As the world’s second largest insurance market, China is still a developing territory while its island neighbour Taiwan is a small, mature market by comparison. David Benyon reports

MARKET PROFILE: Puerto Rico

So-called ‘casino underwriting’ in the Caribbean took a double hit in 2017 when hurricanes Irma and Maria smashed into Puerto Rico just two weeks apart, writes David Benyon

MARKET PROFILE: Japan

While Japan can lay claim to the second-largest global economy and the fourth-largest commercial insurance market, it also has an unenviable reputation for repeated major cat losses, finds Helen Yates

Sector Profile

SECTOR PROFILE: Sports PA

Several Lloyd’s syndicates have withdrawn from sports personal accident cover as other markets cut capacity amid mounting concussion litigation in the US, Helen Yates reports

SECTOR PROFILE: Cyber

Helen Yates says a clampdown on ‘silent cyber’ spells opportunity for D&F writers – assuming adequate facultative reinsurance capacity can be found

Personal Profile

INSIDE FAC PROFILE: Talbir Bains

Markel- and Nephila-backed MGA Volante has rapidly grown its stable of underwriting platforms, but is now bedding down into ‘safe and silent’ mode, says founder Talbir Bains

INSIDE FAC PROFILE: Ron Diaz

Ron Diaz and Everest Re’s non-nonsense approach to facultative underwriting stresses the need to be both flexible and efficient in order to succeed in the market

Fac Comment

Back at the table

Never say never again

Summer of fac

What the Dickens…