Top Section
Phoenix proposes replacement of Spiegel as R&Q executive chair
The 12.2% shareholder has also proposed appointing founder Ken Randall as a company director, with the intention he would act as an executive director if Spiegel is removed.
Latest News
Underwriters in both London and Singapore are in discussions with the company.
Zurich’s P&C business saw H1 business operating profit rise 31.8% on a year ago, with a 91.9% combined ratio for the period.
In a letter to the Treasury Committee, Bank of England Governor Andrew Bailey said the bank does support proposals to enhance regulatory accountability.
Cat claims for the half amounted to $175mn including the impact of the Ukraine conflict.
Opinion
Opinion
London specialty in H1: The Golden Age is not over
The first six months have been characterised by substantial double-digit growth and further improvement in underwriting performance.
Most Read
-
Tysers’ Ebitda drops by 25% to £6.6mn on admin costs
12 August 2022 -
AerCap pursues AVN67B claims on Russian airline policies
11 August 2022
Analysis
Carriers in the class are reassessing risk appetites amid inflation, the Ukraine war and a growing risk of countries defaulting on sovereign debt.
The market is concerned about potential claims from the Hellenic War Risks mutual, which has ships worth around $350mn stuck in the Black Sea.
North American companies also pay executives more relative to company size than European rivals.
The median 2021 compensation of industry leaders in the US and Canada was $7.7mn, compared to $4.9mn in Europe.
More News
-
Zurich ‘ahead of schedule’ on US nat cat cutback: CFO Quinn
11 August 2022 -
WTW hires Conway to lead ecosystem resilience practice
11 August 2022 -
Fairfax-owned RiverStone buys Vermont captive Western P&C
10 August 2022 -
WTW lands Marsh’s Wyatt in UK cargo team expansion
10 August 2022
-
Catastrophes - Section
Around 6,000 evacuated in southwestern France as wildfire rages: Reports
10 August 2022 -
TSR lowers hurricane and typhoon activity forecast
10 August 2022 -
MGA Aqueous hires Brunel’s Hall for senior underwriter role
10 August 2022 -
Apollo appoints Foster as head of property
10 August 2022
Interviews
Interviews
Investors are beginning to pull back from writing $50mn+ funding cheques for InsurTechs, according to Zach Powell, general partner at Eos Ventures.
The capital provider believes the time is ripe to take on increased underwriting risk.
InsurTechs with diversified teams and deep-rooted technology are more likely to survive the current funding drought, according to MS&AD Ventures’ Jon Soberg.
As partner at major InsurTech investor Anthemis, Ruth Foxe Blader explained to Insurance Insider why venture capitalists are pumping the brakes on InsurTech funding.
Upcoming Events
From our other titles
More from our other titles
From Inside P&C
Lemonade & Root Q2: Low-Fidelity
The InsurTechs’ results show the path to profitability remains unclear, even as Lemonade said it expects to be self-funding from here.
From Trading Risk
ILS adjusts its stride to adapt to higher inflation
The industry is sharpening its exposure forecasting capabilities in response to investor demand.
From Inside P&C
Allstate Q2: A deeper dive into auto body repair, rates, and loss cost trends
The personal lines insurer’s results were also impacted by the states’ regulatory climates and inflationary trends.
From Insider Engage
‘Obfuscated’ Social Inflation Illuminated Again as Insurers Fight Back
A pandemic reprieve has given way to mounting concern about mammoth jury awards.
