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Size of Beazley business affected by Ukraine ‘relatively small’: CEO Cox

The carrier highlighted in its Q1 results this morning that it had $50mn exposure net of reinsurance to the war in Ukraine.

Luke Harrison, 06 May 2022
Enstar swings to $282mn net loss as interest rates hit ROE

The legacy specialist has faced a downturn in profits following a bumper run of results through 2020 and 2021.

Samuel Casey, 06 May 2022
AIG’s global marine head De Bremme resigns in latest marine move

The executive has worked at AIG for more than 14 years, heading up global marine since 2016.

Samuel Casey, 06 May 2022
Ukraine reserving, cat risk, rates: Three early trends from Q1 results

Swiss Re goes against the tide in expanding in cat, while specialty rates appear to be holding up better than expected.

Catrin Shi, 06 May 2022
Beazley estimates $50mn Ukraine exposure as Q1 GWP surges 27%

Doubling rates in cyber led the carrier to grow its cyber and executive risk premium by 47%.

Luke Harrison, 06 May 2022
Scor Global P&C books 104% combined ratio after cats, Ukraine reserves

The carrier also took heavy Covid-19 losses in its L&H division, leading to an operating loss at group level.

Catrin Shi, 06 May 2022
Axa XL revenues up 4% despite drop in nat-cat reinsurance exposure

A Q1 results update shows total revenues at Axa XL increased 4% to EUR6.2bn ($6.5bn) as top-line growth was offset by drop in revenue at Axa XL Re.

Luke Harrison, 05 May 2022
Major SiriusPoint investment loss undercuts pivot away from total return re

The investment returns were driven by growth-oriented positions in the enterprise technology and financial services sectors at Third Point Enhanced Fund.

Jairo Ibarra, 05 May 2022
Swiss Re puts Ukraine industry loss at low end of $10bn-$20bn range

The reinsurer also flagged that it is not banking on many reinsurance recoverables from its CorSo exposure to war claims.

Fiona Robertson, 05 May 2022
QBE faces $75mn Ukraine hit, confirms $334mn Catalina legacy deal

The firm’s exposure to the Ukraine-Russia conflict, as well as a loss portfolio transfer, were confirmed in a performance update.

Marcel Le Gouais, 05 May 2022

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