Allianz
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The digital investments arm of Allianz Group has been a strategic investor in the Berlin-based InsurTech since 2016. -
Charles Tinworth and Abigail Paterson are set to join the property team as senior underwriter and underwriter, respectively.
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Inflation will define priorities such as a focus on safeguarding clauses and pricing transparency, as well as line of business challenges, for underwriters and actuaries in the year ahead.
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The carrier is launching into the downstream energy market as part of an international primary lines expansion.
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Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers.
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The transaction will eliminate Enstar’s direct exposure to cat business and boost its book value.
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The business unit continued its run of post-remediation profitability, posting a combined ratio of 95%.
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The carrier has posted healthy returns following a period of extensive remediation of its portfolio.
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The loss comes hard on the heels of a large BI claim stemming from the Freeport LNG refinery.
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A case against Fireman’s Fund reversed an earlier decision that Covid-19 cannot cause physical damage.
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The insurer also found that fire and explosion remained the most costly source of claims, defying efforts to improve risk management.
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Guy Money, global head of product at AGCS, has been appointed global head of multinational business.
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