MS Amlin
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The process has been narrowed, with parties including Catalina and Premia not going forward. -
Many policyholders are likely to receive larger payouts following the judgement, but a worst-case scenario has been averted.
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Paul Evans joins from Tokio Marine Kiln and will report to Malcolm Barnes, head of marine reinsurance.
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The failings occurred during the period between September 2014 and December 2019.
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Stonegate’s case is seen in the market as a key precedent for the aggregation of BI claims.
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Slabbert’s appointment comes after Mitsui Sumitomo’s recent acquisition of US hybrid fronting carrier Transverse Insurance.
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Simon Morgan will take up his role in November after nearly 15 years at Hiscox.
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Under new CEO Robert Wiest, the company is implementing a new operating model.
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The carrier has strengthened its reinsurance and political risk/trade credit division.
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The deal is split into a ~£1.1bn reinsurance-to-close deal and a ~£100mn loss portfolio transfer.
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Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers.
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The business attributed the losses to Ukraine claims and a negative investment performance.
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