Insurers
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The carrier recently expanded its reinsurance product suite in Bermuda. -
The number of syndicates traded at auction was the highest for a decade.
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A canvassing of the cyber market suggests the impact will be negligible.
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The range allows “for information that could emerge beyond what is known today”.
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The carrier is looking to achieve sustainable growth across its personal lines business.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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Bill Ross has been CEO of the non-profit for 21 years.
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The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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The two lines will add £11mn in planned premium.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
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Jamie Smith joined Arch in 2018, taking on the senior underwriter role in 2022.
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The report seeks to arm parliamentarians and policymakers with “practical tools”.
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Though wildfire losses are up, total losses are the lowest since 2015.
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The reshuffle is likely laying the foundations for the eventual succession to CEO Mario Greco.
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Mike Mulray joins from Everest, where he was EVP president of North America insurance.
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
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The international division is seeking a new London market manager.
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The governor has yet to sign a pending bill to create a public cat model.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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White will join from Allianz trade, and Summers from Talbot.
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Moretti has relocated to California from London.
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Incumbent Jane Warren will retire at the end of the year.
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Scott was most recently head of claims at MGA Geo Underwriting.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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The carrier is planning a limited relaunch into the UK D&O market.
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The class offers affirmative coverage for gaps in traditional insurance policies.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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The executive was most recently serving as CRO – insurance.
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Stephen Ridgers is leaving his current role as head of construction midcorp at Allianz Commercial.
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The pair have expanded remits overseeing property and specialty.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
