-
Bay Risk will become part of Gallagher Re’s Global Programmes practice group, led by Andrew Moss.
-
AdvantageGo has secured agreements with Acord, Verisk, Vipr and Zywave to establish a collaborative ecosystem of London market data and technology vendors, which will help carriers modernise and prepare for the Lloyd’s Blueprint Two programme.
-
In the firm’s 2023 State of the Market report, it covered multiple classes, warning that for property (re)insurance in particular, inflation will likely continue to inflict pressure.
-
The veteran underwriter died surrounded by his family while on holiday in Antigua.
-
City Minister Andrew Griffith has outlined hopes for the Financial Services and Markets Bill, which will enact various regulatory reforms, including a new competitiveness objective.
-
Andrew Lewis has outlined growth plans for Xitus, a niche global legacy firm he has co-founded that will focus on non-life and reinsurance deals of $5mn-$50mn.
-
The platform has gained Lloyd’s coverholder status along with capacity from Beazley, Axis and Greenlight Re, and started to bind risks in contingency, before expanding to other business lines.
-
Major M&A this year has settled the future of a number of players – while the hard market presents an opportunity for challengers.
-
Andrew Hedges – who writes the book – will leave the business after a transitional period to oversee the run-off.
-
The band had filed a claim against insurers including Talbot, Liberty Mutual, Brit and Munich Re’s Great Lakes Insurance.
-
Speakers at the London Market Conference clashed over the role of data in innovation.
-
The market share for the storm of 3%-5% is below syndicates’ historical average for US wind events.
-
Moves to push down London broker commissions highlights the options open to write reinsurance platforms in other markets.
-
As a result of the retirements of Nick Ford and Julian Leigh, SA Meacock & Company plans to tender capacity on its Syndicate 727 in the Lloyd’s capacity auctions.
-
Matthew Wilson, Matthew Moore, Emma Woolley and David Croom-Johnson have stepped down from the board.
-
In the last two days of a consultation on the new iMRC template, the volume of responses surged by more than 2,500, leading to a revised timeline for its launch.
-
Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage.
-
UK insurers have now paid out £1.2bn in final settlements for claims relating to pandemic closures.
-
The MGA received regulatory approval for its new London and Dublin companies.
-
The InsurTech has launched in the UK after previously setting up shop in France, Germany and the Netherlands.
-
Sarah Pritchard, executive director for markets at the FCA, set out the regulators’ moves to improve efficiency and enable innovation at a speech.
-
The holding company’s approval from regulators means that Dale Underwriting Partners Syndicate 1729 can migrate from Asta to Dale’s own new managing agency.
-
The hires follow the launch of the M&A MGA’s operations in the UK in June.
-
A sale of the managing agency and Syndicate 1200 would represent tangible progress in Argo’s strategic process.
Most Recent
-
Perils pegs Turkey earthquake losses at $3.4bn
21 March 2023 -
Ariel Re promotes Morgan to SVP of property reinsurance
20 March 2023