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Suncorp’s flood losses protected by combination of reinsurance recoveries

The carrier lifted its estimated net natural hazard costs for the year by A$25mn to A$1.1bn.

Fiona Robertson, 16 March 2022
Parametric products to move into all risk classes: InsurTech Insights panel

A panel of underwriters and parametric experts explored the product’s scope for expansion during an InsurTech Insight panel.

Marcel Le Gouais, 16 March 2022
Belarus and Russia represent ‘less than 1%’ of Lloyd’s business

The Corporation said insurance was “too ingrained in the world economy for us to not play an active role”.

Luke Harrison, 16 March 2022
Lloyd’s 2021 preview: Underwriting profitability at last, but what next?

Combined ratio aside, detail on growth, rates and reserves will give some indicator of how well the market is preparing for what lies ahead.

Catrin Shi, 16 March 2022
Russia-Ukraine: Rising gas prices alone won’t reverse auto loss costs

The more important driver of past downswings in loss costs has been unemployment.

Insurance Insider US Research, 14 March 2022
Regulatory regime could drive European business from UK: Scor’s Newman

Scor’s Malcolm Newman, Axa XL’s Sean McGovern and Aon’s Richard Dudley gave evidence to the Lords committee on regulation.

Rachel Dalton, 15 March 2022
Liberty 4472 posts 89.4% combined ratio, but profits slide 43% to £89.7mn

The carrier is the latest in the Lloyd’s market to post a substantially improved combined ratio in 2021.

Samuel Casey, 15 March 2022
Capital Returns slaps back at Argo, demands vote on board nominees in early May

Major shareholder mocks Argo statements on progress, stating “attempt at transformation has failed,” based on Argo performance.

Eileen AJ Connelly, 15 March 2022
Mosaic continues expansion with Bermuda cyber underwriting unit

The insurer has transferred cyber underwriter George Cole from London to its Bermuda HQ.

Luke Harrison, 15 March 2022
Generali ‘freezes’ Ingosstrakh stake but has no plans to sell

The Italian carrier said, in a worst-case scenario of a full Ingosstrakh write-down, the net impact would be around EUR166mn.

Jim Robinson, 15 March 2022

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