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SiriusPoint names Masojada as chair of board
Bronek Masojada served as CEO of Hiscox until January 2022 and was appointed to SiriusPoint’s board in May.
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Analysis showed a modelled loss range of between $15.6bn and $33.4bn for a 1:200-year global loss event.
Simon McGinn joined Allianz in 2004 and was made CEO of Allianz Commercial in 2021.
Syndicate 1200 exited London D&O in 2020 when it was under the ownership of Argo.
Neil Roberts, head of marine and aviation at the LMA, has called for a Plan B to Russian sanctions to help the marine sector.
Opinion
Opinion
2023 Atlantic hurricane season preview: Rolling the dice
London D&F underwriters are seeing rate rises of 15% on average on clean business, while loss-affected accounts are seeing their rates double.
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Everest Insurance appoints Maritzen as global CUO
01 June 2023 -
Property cat rates up 33% at 1.6: Howden Tiger
01 June 2023
Analysis
London D&F underwriters are seeing rate rises of 15% on average on clean business, while loss-affected accounts are seeing their rates double.
Capacity and competition are limiting underwriters’ ability to continue pushing for double-digit rises.
The deal is the third scale-up buyout for the firm, highlighting the ongoing value of scale in the reinsurance segment.
Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.
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Volante Global launches in Singapore
01 June 2023
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UK P&I Club reduces combined ratio to 104%
31 May 2023
Interviews
Interviews
Joe Gordon also reiterated plans to switch off PPL’s older Ebix Europe platform later this year, claiming some participants see friction with brokers “when it’s not there”.
The US retailer’s acquisition of the UK MGA and broking group will be mutually beneficial, according to executives.
The broker’s UK CEO said the current rating environment is ‘eminently supportable’ for London carriers.
The fac-focused reinsurance unit expects to expand into treaty over the next year and attract additional talent to boost its operations.
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NAIC statutory data reveals highest Q1 industry loss ratio in 20 years
Recently released statutory data shows the US P&C industry loss ratio touching the 65% mark, the highest level in two decades.
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ILS capital at risk of squeeze in Florida as higher rates draw top-end competition
The reinsurer said in its Q4 earnings call that Argo’s takeover further diversifies its operations and adds a foundational piece to its expanding P&C activity in the US.
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RenRe + Validus Re: Marrying another version of yourself
As ITC Vegas begins, the Inside P&C Research team explores the discussions needed among InsurTechs to address questions around capital, partnerships, and profitability prospects.
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Latam Briefing: Renewable energy insurance in Brazil
Insurance brokers and M&A lawyers have reported ever more interest for representation & warranties insurance in Latin America in recent years.
