| SCOR hires Swiss Re CUO Léger as its new CEO Léger has served as the Group Chief Underwriting Officer of global reinsurer Swiss Re since 2020. AXIS sees profitable growth in chosen markets The firm's combined ratio hit 94.1% in Q4 and 95.8% for the full year 2022. Tipping point for more profitable reinsurance is approaching: S&P S&P notes that a combination of challenges has driven the current hard market in reinsurance. Guy Carpenter's revenue up 8% Marsh McLennan has reported consolidated revenue of $5 billion for Q4 and $20.7 billion for the full-year. Industry loss for Oct 2022 Australian floods raised 6% to AU $840m The estimates cover flooding that affected the states of New South Wales, Victoria and Tasmania. Direct Line enters quota share reinsurance arrangement The agreements were entered into via the company's principal underwriter, UK Insurance Limited. RLI grows underwriting income on strong property result Specialty insurer RLI has reported underwriting income of $178.2 million for the full-year 2022. Parameter Climate: Profitable already, targets growth & new capital partners The team Malinow has brought together is aiming to build on the profitable platform it has created. Acrisure Re expands fac division into Poland via Smartt Re deal The company is part of MJM Holdings brokerage group specializing in reinsurance programmes.  MS Azure outage triggers Parametrix parametric cloud insurance The outage event affected thousands of businesses and tens of thousands of users. More capital will enter the marketplace, but it will not rush: Adderley, Appleby Brad Adderley is confident that at some point, capital will enter the marketplace. Charbonnier to lead AXA XL captive business for APAC & Europe Marine Charbonnier is Head of Captives & Fac Underwriting, for the APAC and Europe. AXIS cedes more reinsurance premiums to third-party capital partners in Q4 AXIS is reducing volatility within reinsurance, while maintaining channels to partner with investors. SiriusPoint names Morris Underwriter, Energy & Marine Liability Maddie Morris joins as an Underwriter in its Energy & Marine Liability team. Coalition gains Lloyd's coverholder status in UK Its Active Cyber Insurance approach aims to reduce the frequency and impact of cyber claims. Insurance Europe calls for clarification on 'greenwashing' risk Greenwashing' refers to misleading claims around sustainability-related statements and products. Munich Re's HSB names Niraj Shah as CUO for UK&I Shah will be responsible for underwriting standards and strategy across HSB UK and Ireland. Alternative capital shortage has rippled through property markets: RBC RBC noted that reinsurers managed to secure both more favourable pricing and better contract terms.  Peter McConnell joins Travelers Europe as CFO In his new role, McConnell will report to Matthew Wilson, Chief Executive Officer of Travelers Europe. Zurich and South Pole join forces on climate change offering It will focus on measuring climate risk and emissions, helping to establish a strategy to reduce. One of Fidelis' Herbie Re cat bonds extended on hurricane Ian exposure Fidelis Insurance has sponsored four catastrophe bond take-downs under the Herbie Re Ltd. program. European re/insurer solvency ratios continue post-pandemic recovery: JP Morgan At the height of the pandemic, the sector's average Solvency II ratio declined to 190%. Aetna's new health ILS priced near historic highs These health cat bond or ILS deals from Aetna normally price with very thin multiples-at-market. Global M&A set for positive start to year following strong finish in 2022: WTW A positive performance in the final three months of 2022 saw M&A deals outperform non-acquirers. At-Bay acquires licensed P&C insurance carrier The move will also give At-Bay more control over the entire insurance value chain. Florida Peninsula closes $70mn of senior credit facilities Leading the transaction was Regions Bank, followed by Synovus who was the joint lead arranger. DUAL launches new Fine Art underwriting program The underwriting program will be led by Casey Santangelo, who joined DUAL in April 2022. 
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