Hiscox

Syndicate 6104 closed its 2021 year of account with a profit of 4.1%.

The deals cover 42% of the carrier’s casualty reserves.

Continued geopolitical and climate uncertainty will hold up pricing.

The London-listed carrier announced a $150mn share buyback.

Gareth Wharton announced his exit after nearly 18 years with the company in a post on LinkedIn.

The carrier said the model will enable underwriters to offer lead quotes in just three minutes.

Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.

Cat losses were within budgets despite high levels of minor events.

CFO Paul Cooper said rates would be increasing “steadily to modestly” come 1 January.

The carrier said that aggregate nat cat losses year to date are within budget despite an "active" third quarter.

The proposals, published in July, would have placed additional reporting burdens on large UK firms.

DirectAsia is a direct-to-consumer business operating in Singapore and Thailand that predominantly sells motor insurance.