Operations/tech
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The club reported a combined ratio of 102.2% for the first half of 2020, and an underwriting deficit of $2.2mn.
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One Lime Street will be open to all classes of business on Tuesdays, Wednesdays and Thursdays from 2 December.
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Sources said Smith will write cat excess of loss (XoL), risk XoL, pro rata and specialty reinsurance business as senior reinsurance underwriter.
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The deal on the heels of the purchase of Miller establishes Cinven as a significant non-life insurance-sector investor. -
Captive formation in Guernsey, Luxembourg and the Isle of Man is expected to increase this year and next as the market hardens.
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The Corporation has confirmed the council membership from 1 December following an election delayed by Covid-19.
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Syndicate 1225 plans to write £918mn on a gross premium basis, with growth spread across all lines.
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The follow-only syndicate went live last week and is working with around 20 intermediaries.
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The French carrier pulls back from Axa Gulf, Axa Cooperative Insurance and Axa Green Crescent Insurance.
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The decision marks further reshaping of MS Amlin’s marine appetite, as the carrier continues its turnaround efforts.
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Plus Guy Carpenter account win, executives on the record and some of the most-read stories from the week.
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The latest recruit is returning to Swiss Re after five years.
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