Insurers
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An increase in tonnage from new and existing members drove up income. -
The appeals court has ruled that composite policies provide multiple limits.
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The MGA’s US clients will now have access to London market capacity.
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The insurance commissioner said the carrier has not shown the need for price increases.
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The Australian carrier disclosed A$426mn in net cat losses during H1.
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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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The carrier enters H2 with a clean reinsurance programme.
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Newer swing products offer an alternative way to deal with escalating awards.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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Contour Underwriting is a specialty lines MGA.
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The annual claims totalled £5.7bn, the largest amount paid out in any year.
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