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Insurability in question in parts of Australia: Allianz’s Terzariol

Profits slipped by 3% at the carrier in Q1, driven by floods in Australia, which added to the highest Q1 cat claims in over a decade.

Samuel Casey, 12 May 2022
GFIA terminates Russian insurance association membership

The body represents carriers accounting for 89% of global premium.

Rachel Dalton, 12 May 2022
Analysis: A decade of challenged Lloyd’s start-ups

Recent start-ups have recorded annual underwriting losses about 80% of the time, Insurance Insider analysis shows – even after becoming established.

Ben Wylie, 12 May 2022
Zurich reports 6% Q1 rate growth, ‘immaterial’ exposure to Russia

The carrier’s P&C divisions in North America and Latin America both reported 17% year-on-year increases in GWP.

Aisling Finn, 12 May 2022
Allianz Q1 profits slip 3% to EUR3.2bn on higher nat cats

AGCS continued its run of improved profits, posting a combined ratio of 95% for the quarter.

Samuel Casey, 12 May 2022
Energy market faces ~$100mn midstream loss from Louisiana pipeline

The scale of the claim deals a substantial blow to the subsection of the energy market, but is not as large as first feared.

Samuel Casey, 11 May 2022
AGCS lands AIG’s Martin as global property head

The carrier has also promoted Srdjan Todorovic to lead its global political violence operation.

Samuel Casey, 11 May 2022
Conduit’s $15mn-$30mn Ukraine loss dependent on aviation market outcome

Up to 50% of the carrier’s war loss stems from aviation, where litigation brews.

Rachel Dalton, 11 May 2022
Sanctions hit $100mn of upstream income amid small rate rises: Marsh

The broker said there was “genuine pressure” for downstream rate reductions, whilst renewable rate rises were single digit.

Samuel Casey, 11 May 2022
FCA has ‘taken eye off its own responsibilities’: Biba

Biba’s chairman said the UK regulator was affecting “competition, productivity and the ability to innovate”.

Luke Harrison, 11 May 2022

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