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Lemonade IPO shelved despite improving profitability

The offering was put on hold amid fallout from the scuttled WeWork deal and reduced enthusiasm for Slack and Uber.

Talisman sued by Louisiana museum over surety claim

The dispute is the fourth such case filed against the insurer in recent months.

S&P revises Argo US ratings outlook to negative

An SEC investigation into corporate perks suggests “potential shortcomings in Argo’s governance framework”, S&P said.

Pioneer to put Syndicate 1980 into run-off

The parent company is continuing to work with Canaccord Genuity on capital options for its own growth.

• Burns & Wilcox recruits Torres from AmWins following CRC defections
• Former Hiscox USA CUO joins AllDigital Specialty 
• TMK appoints Chubb’s Shaw to CUO post
• Rival Charles Taylor suitor retreats
• Allianz confirms AGCS CEO Fischer Hirs' exit
• Zurich sets 14% internal RoE target in new three-year plan 

Opinion

Specialist entrepreneurial brokers think they can chip away at the corporate generalists

How can London have a cultural problem, but no individual company have one?

Hiscox is fresh evidence US casualty reserves are a ticking time bomb

ACR’s pending sale to run-off brings into focus the strategic challenges of Asian reinsurance

In Brief

DataCubes raises $15.2mn Series B round

Elseco picks insider to lead aviation push

Arch names Ray senior vice president for A&H

Pen Underwriting promotes insider to COO role

Willis adds JLT’s Danyluk to property team

WR Berkley adds Talisman as non-executive director

Analysis

AIG re-underwriting actions a ‘once in a generation’ event

Inside P&C analysts applaud loss ratio improvement but note there is more work to be done on expenses and capital efficiency.

European reinsurers continue growth push as hopes rise for rate hikes

The four European carriers have significantly outpaced Bermudian reinsurers in GWP growth so far this year.

Vibe: Another casualty of the 2010-2015 start-up cohort

Full syndicates approved in the five-year period have generally underperformed.

Insider 50 grows despite Hiscox losses

The index grew for the second consecutive week, recouping the entire 1.6 percent loss made in October.

Prendergast and Layzell lead the 2019 Cyber Rankings

Changes in leading positions point to a fluid market for cyber talent.

• Cyber
• US Property Cat
• Political Risk
• Political Violence
• D&O