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Allianz joins forces with Sanlam to create pan-African insurer

The pair will be present in 29 countries, and the chairmanship will rotate between the two firms every two years.

Aisling Finn, 04 May 2022
Hannover Re reserves EUR143mn for Ukraine as Q1 P&C profit falls 9%

The carrier also took heavier-than-budgeted major losses of EUR336mn.

Catrin Shi, 04 May 2022
RenRe Q1 CoR declines 16.6 points to 86.5% despite Russia impact

The firm reported that net claims and claims expenses incurred related to the invasion had a $27.1mn negative impact in the casualty and specialty segment.

Jairo Ibarra, 03 May 2022
AIG Q1 GI CoR declines to 92.9% on strong NA results

NA CoR declined 17.6 points to 90.8% as the region’s long-troubled commercial lines book swung to profits with an 88.8% CR, down 17.9 points from Q1 2021.

Jairo Ibarra, 03 May 2022
Oneglobal continues LatAm buildout with Howden’s Galvis

Based in Bogota, the executive will oversee the intermediary’s reinsurance operation in both Colombia and Ecuador.

Jairo Ibarra, 03 May 2022
Former Victor underwriter Johnson joins MIC Global's Syndicate 5183

MIC Global received in-principle Lloyd’s approval to launch its syndicate-in-a-box in January.

Luke Harrison, 03 May 2022
Kyivstar $100mn PV policy under threat as Ukraine war continues

Liberty Specialty Markets is understood to be the lead insurer on the policy, while Howden is understood to be the broker.

Luke Harrison, 03 May 2022
Aspen reaping remediation rewards despite unexpected complexity: Cloutier

The business performance is on track for an eventual flotation, but the date will depend on stock market conditions, the CEO said.

Samuel Casey, 03 May 2022
Lessor Avolon writes off $304mn of aircraft stranded in Russia

The lessor has 10 planes on the ground in Russia, representing less than 1% of its fleet value.

Aisling Finn, 03 May 2022
Berkshire’s P&C reinsurance profits more than double in Q1

Cat losses were similar year on year, but reserve releases were higher.

Farhin Lilywala, 03 May 2022

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