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The Week in 90 Seconds: Axis Re and Argo sales; Ukraine specialty impact; D&O rates slide
Plus this week’s Q1 results and all the top news of the week.
Rachel Dalton
,
29 April 2022
Allianz pledges to stop investing in and insuring oil and gas fields by 2023
The insurer added that, from July 2023, it would no longer renew contracts for existing projects.
Aisling Finn
,
29 April 2022
Marsh PV facility discount clause in focus as industry weighs $1bn loss tally
The move is one of the first signals that the PV market anticipates industry insured losses from the conflict are already at $1bn or more.
Luke Harrison
,
29 April 2022
Aircastle launches $350mn claim for stranded equipment
The lessor was able to recover two planes from Russian airlines since the start of the conflict, while 10 remain on the ground in Russia and Ukraine.
Aisling Finn
,
29 April 2022
Aon registers slight deceleration with 8% Q1 organic growth
The broker posted earnings per share ahead of analyst expectations and expanded margins.
Samuel Casey
,
29 April 2022
Generali activists lose bid to take over board
Generali’s list of nominees received 56.8% of the vote, while the rebels received 42.2%.
Aisling Finn
,
29 April 2022
Munich Re writes ‘negligible’ business in Ukraine, Russia and Belarus
CEO Joachim Wenning highlighted exposure in specialty lines.
Rachel Dalton
,
29 April 2022
Axa XL take Chubb’s Snyder for Bermuda excess casualty
In a string of appointments, the carrier has also promoted Enrique López Torrents to country manager Iberia.
Samuel Casey
,
29 April 2022
InsurTech investment drops 58% in Q1, deal flow stays high
Gallagher Re’s Global InsurTech report showed that more capital is being channelled into earlier-stage funding rounds.
Aisling Finn
,
29 April 2022
UK February storms cost carriers £500mn
Storms Dudley, Eunice and Franklin have resulted in 177,000 claims.
Rachel Dalton
,
29 April 2022
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