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Gard profits fall 50% to $34mn in 2022 as GWP swells 12% past $1bn
CEO Rolf Thore Roppestad said all parts of the business grew well and highlighted renewables as a significant opportunity.
Samuel Casey
,
11 May 2022
MGA Fusion hires Aviva duo to enter London M&A insurance market
Head of M&A underwriting Josh Cowan and senior underwriter Sam Shirley are set to lead Fusion’s London market offering for M&A insurance.
Catrin Shi
,
11 May 2022
Most Bermuda insurers use ‘simplified’ cat models for long-term climate risk
In a survey report, the BMA warned that such “fallback” solutions failed to measure specific geographic features affected by climate change.
Martha Muir
,
11 May 2022
MS Amlin adds Axis’s Ferguson as open market property head
The carrier has bolstered its property team following several staff exits earlier this year.
Samuel Casey
,
11 May 2022
Allianz sets aside $2bn for Structured Alpha fund probe
The carrier has already set aside EUR3.7bn to cover the cost of the investigation and any litigation costs.
Aisling Finn
,
11 May 2022
CUO Duffy to retire from Canopius
The executive will depart the business in May 2023.
Rachel Dalton
,
11 May 2022
Axa subsidiary Axa SA receives reinsurance licence from French regulator
Axa SA will become the group’s internal reinsurer following a merger with Axa Global Re.
Aisling Finn
,
11 May 2022
Lloyd's to make AGM virtual due to climate activists
The decision comes after Extinction Rebellion activists shut down the Lloyd’s building, protesting against the insuring of fossil-fuel products.
Aisling Finn
,
11 May 2022
Opinion: Axis’ abortive reinsurance sale exacerbates its challenges
The Bermudian has painted its reinsurance unit in an unfavourable light – and that will be hard to counter.
Rachel Dalton
,
11 May 2022
Conduit first-quarter ultimate premiums up 50%
The start-up also revealed $15mn-$30mn in Ukraine losses.
Rachel Dalton
,
11 May 2022
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