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A further £40mn of claims were fully settled in the month to 7 March, according to the regulator’s latest data release. -
The first of a two-part series on innovation examines the barriers blocking product innovation in the P&C market.
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Courts in Bermuda and the US approved the move, which had earlier been subject to investor litigation.
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The company reported a pre-tax, pre-divide income of $5.3mn and combined ratio of 105.6%.
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The executive said that, in many cases, reinsurance contract wordings had not been tested for Covid recoveries.
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In an open letter to Insurance Europe, insurance trade bodies from Ukraine have urged western insurers to pull out of Russia completely.
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Interim active underwriter David Message will assume the position of energy lead underwriter.
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Claims from New South Wales are expected to increase in the coming days, given the flooding emergency in Sydney.
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Plus the evolution of the broker consolidator model, this week’s results and all the top news of the week.
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The ratings agency said that the reinsurance arm of MS Amlin was expected to make a “significant” loss after tax in 2021.
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The acquisition of Willis Re last year transformed Gallagher into a top-three reinsurance player.
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A conclusion to the Evercore-run restricted sale process is expected this quarter.
