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London must ‘cherish USPs’ to retain global marine prominence: AIG’s Greensmith

AIG’s global specialty head Paul Greensmith spoke on a panel at the Marine Insurance London conference, which explored how the capital’s marine market can arrest its declining status.

Samuel Casey, 23 March 2022
TigerRisk hires Bill Tuttle as senior reinsurance broker

Tuttle has more than 35 years’ experience in P&C broking and cat modelling.

Liz Bury, 23 March 2022
Ardonagh to buy £6mn-revenue Oneglobal Canadian book following Lawrence hire

The deal involves a binders and delegated authority book of more than 60 clients as well as at least 10 members of staff.

Rachel Dalton, 23 March 2022
Chaucer Syndicate 1084 posts 89.2% combined ratio for 2021

The syndicate also increased gross written premiums by 17.6% to $1.7bn, amid favourable market conditions in most classes.

Samuel Casey, 23 March 2022
Moody's places Alleghany ratings on review for upgrade

The review centres on strategy, capital adequacy, and support from Berkshire, following the news of Berkshire’s planned purchase of Alleghany

Luke Harrison, 23 March 2022
MS Amlin Underwriting commits to net-zero by 2050

The reinsurer will focus on three UN Sustainable Development Goals (SDGs) to help it achieve carbon-neutrality by 2050.

Aisling Finn, 23 March 2022
Enoizi and Christian among leaders of UK systemic risk resilience task force

The new task force is looking to create an ecosystem for esoteric risks in certain sectors, such as cyber and terrorism and climate risk.

Aisling Finn, 23 March 2022
Berkshire’s Alleghany buy an M&A non-event for reinsurance market

Unlike deals like Axa-XL or Catlin-XL before it, this transaction is expected to be much more neutral in its impact on reinsurers.

Fiona Robertson, 23 March 2022
IAG leaves BI loss estimate unchanged amid appeal proceedings

The insurer predicts there will be some release from its provision, but it will happen over time and is subject to court proceedings.

Aisling Finn, 23 March 2022
S&P Global to withdraw ratings on all Russian entities

The company will withdraw all of its outstanding ratings on Russian firms before 15 April, having already announced the suspension of its Russian operations.

Luke Harrison, 22 March 2022

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