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Sompo International FY profits surge 209% on fewer Covid-19 claims

The carrier’s combined ratio improved by 3.9 points to 93.9%, largely due to a better loss ratio.

Luke Harrison, 20 May 2022
Opinion: Howden-TigerRisk – Win-win-win?

The potential deal has major advantages for both Howden and its target – and would remove a major consolidation opportunity from the market.

Rachel Dalton, 20 May 2022
Zurich joins Russian exodus with business sale to local staff

Insurers and brokers have been cutting their ties with Russia following the country’s invasion of Ukraine.

Samuel Casey, 20 May 2022
PartnerRe non-life CoR falls 12 points to 84.7% in Q1 benefited by fewer cat losses

The firm posted a combined ratio of 81.3% for its P&C segment and 91.7% for its specialty unit, improving from 97.7% and 94.8% in Q1 2021, respectively.

Farhin Lilywala, 19 May 2022
IGI’s 20.1-point reserve release fuels 12.4-point CoR improvement to 72.2% in Q1

The Bermudian’s Q1 LR decreased 17.2 points to 32.8% in the first quarter, offsetting a 1.4-point deterioration in the expense ratio to 19.6%.

Jairo Ibarra, 19 May 2022
GDV downgrades 2022 premium outlook due to Ukraine: report

Premiums are forecast to grow buy 2.3% rather than 2.7%, according to the CEO of the German Insurance Association.

Rachel Dalton, 19 May 2022
Insurers ‘slashing’ rates on previously declined D&O risks: Howden

A Howden report on the D&O market shows that clients “heavily penalised” for Covid-19 exposures have seen “meaningful rate reductions”.

Samuel Casey, 19 May 2022
Search begins for new Lloyd’s Lab leader as Gaze announces exit

After heading up and establishing the Lloyd’s Lab for more than four years, Ed Gaze is leaving his post.

Marcel Le Gouais, 19 May 2022
WTW wins Hainan Airlines account from Gallagher and Marsh

The account consists of 16 airlines and has a total fleet value of $29.7bn.

Aisling Finn, 19 May 2022
Convex almost doubles GWP for 2021 to $2.1bn

The carrier also improved its combined ratio by 55 points to 118% .

Luke Harrison, 19 May 2022

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