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FCA suggests commission cap to solve high-rise property pricing issue

An FCA letter to the government suggests various ways to resolve issues around soaring pricing on medium- and high-rise properties with multiple occupancy.

Luke Harrison, 10 May 2022
Marsh report highlights global risks fuelling political risk tensions

The broker’s political risk report has highlighted the competing interests between countries for ownership of untapped natural resources and space exploration.

Luke Harrison, 10 May 2022
SiriusPoint partners with InsurTech Avinew on autonomous vehicle program

Avinew, which launched in 2016, directly underwrites semi-autonomous and autonomous vehicle usage.

Eileen AJ Connelly, 10 May 2022
Lockton recruits Chubb’s Roos, WTW’s Perdomo for senior roles in Colombia

It is understood that the executives will take up the positions once Lockton receives regulatory approval

Jairo Ibarra, 10 May 2022
Growth objective for PRA, FCA progresses with new bill

Prince Charles’ speech to open the next parliamentary session referred to a new bill that will introduce a competitiveness objective for the financial regulators.

Marcel Le Gouais, 10 May 2022
Lockton Re hires Breslin to boost ILS presence as McCann joins in Boston

Kathy McCann is set to join from Guy Carpenter, while Zach Breslin will move over from Aon Securities.

Fiona Robertson, 10 May 2022
Ukraine hit of EUR100mn is mainly IBNR: Munich Re

The carrier’s CFO emphasised that any future loss predictions from the ongoing conflict would be “highly speculative”.

Rachel Dalton, 10 May 2022
Hiscox updates estimates for 2020-21 syndicate accounts

The revised estimates come after Hiscox reported its results for the first quarter last week.

Samuel Casey, 10 May 2022
Rapid backtrack on Axis Re sale highlights weak market for reinsurance M&A

Many hybrids, unless they are willing to take a meaningful financial hit to secure a divestiture, will have to stick with their reinsurance businesses through the current cycle.

Fiona Robertson, 10 May 2022
Fitch places Scor’s IFS and long-term issuer default ratings on negative outlook

The agency affirmed the carrier’s Insurer Financial Strength rating at AA-.

Rachel Dalton, 10 May 2022

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