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AIG pulls out of standalone aviation war market

The carrier, which has been a leader in the war liability market, has re-evaluated its appetite as a result of the Ukraine conflict.

Aisling Finn, 16 May 2022
Vesttoo appoints Prudential’s Wadhwa as CFO

The incoming CFO brings with him more than 15 years of experience in financial services, insurance and capital markets.

Aisling Finn, 16 May 2022
Mapfre named in $4.5bn Repsol oil-spill lawsuit in Peru

The Peruvian government is suing Spanish oil company Repsol over the January incident which affected 700,000 residents.

Samuel Casey, 16 May 2022
Charman decries Benchimol for ‘crass incompetence’ after abortive Axis Re sale

Axis Capital had emphasized insurance growth and reinsurance remediation in recent earnings calls, but the top line remains below $10bn.

Adam McNestrie, 16 May 2022
Thomas Miller Specialty partners with Send to digitise underwriting

Marine and energy-focused MGA Thomas Miller Specialty has partnered with Send Technology Solutions to streamline and automate its operations using the InsurTech’s software.

Samuel Casey, 16 May 2022
Catalina and Everest Re show interest in Coverys managing agency sale

The sale process is in the early stages of marketing, and bids are expected later in May.

Catrin Shi, 16 May 2022
WTW promotes Keville to head of UK financial institutions division

Henry Keville will be responsible for leading WTW’s financial lines programmes for banks, insurance companies, asset managers and other firms in the financial sector.

Aisling Finn, 16 May 2022
FedNat group to cancel 68,200 policies as Monarch lines up new investor

The Florida Office of Insurance Regulation signed off a major block of policy cancellations as FedNat works on a plan to keep the Monarch brand afloat.

Fiona Robertson, 16 May 2022
Opinion: Where are all the Ukraine reserves?

The Ukraine-Russia crisis has thrown both the science and the art of reserving into light.

Catrin Shi, 16 May 2022
Disposing of Axis Re: Cleaning up for an eventual sale of the group?

A sale of the reinsurance business would drive higher returns, reduce volatility and help re-rate the shares.

Insurance Insider US Research, 04 May 2022

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