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Digests
Daily Digest: Top news from 4 March
A roundup of all the news you need, including our interview with Ascot CEO Ian Thompson.
Insurance Insider
,
04 March 2025
London market
Hiscox appoints Williams as chief auditor
The executive joins from IG Group.
Rachel Dalton
,
04 March 2025
Property
Hiscox lands Axa XL’s Tanner as it rebuilds in property D&F
Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.
Samuel Casey
,
04 March 2025
Lloyd’s
Extreme space weather could see $2.4tn economic loss: Lloyd’s
North America is likely to be the most financially impacted by the scenario, Lloyd’s said.
Abbie Day
,
04 March 2025
London market
Ascot sees 'enormous opportunities' in US amid 'trifecta of challenges'
Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
Rebecca Perkins
,
04 March 2025
Commercial lines
Beazley reports record profit of $1.42bn for FY 2024
The London carrier posted an undiscounted combined ratio of 79%, up from 74% in 2023.
Abbie Day
,
04 March 2025
Renewals
Fair Plan stretches tower by $1bn after taking ~$4bn wildfire loss
The programme structure was expanded, but it is unclear what percentage was placed.
Adam McNestrie
,
03 March 2025
Brokers
TIH rebrands as CRC following retail platform sale
The group will house a segment for specialty and benefits and another for underwriting.
Rachel Dalton
,
03 March 2025
Lloyd’s
Hiscox Syndicate 033 books 12.5% return for 2022 YoA
The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.
Rachel Dalton
,
03 March 2025
Claims and losses
TMK 510’s 2022 returns drop on Russian aviation reserves
Returns on capacity reduced, forecast at 4.4%-14.4%, have settled at 4.6%.
Rachel Dalton
,
03 March 2025
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