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IGI’s Q4 operating income more than doubles to $13.6mn

IGI’s combined ratio improved by 13 points to 83.8%.

Farhin Lilywala, 03 March 2022
Fortitude Re executes $400mn James River LPT deal

The reinsurance deal will require James River to write off $6.8mn in Q1 2022.

Eileen AJ Connelly, 03 March 2022
Gilinski becomes Sura’s largest shareholder following second tender offer

The deal marks the latest step in Gilinski’s hostile takeover of one of the largest carriers in Latin America.

Jairo Ibarra, 03 March 2022
Generali to shut down Russian operations after Ukraine invasion: reports

The Italian insurer plans to wind down its Europ Assistance operation and freeze its almost 40% stake in insurer Ingosstrakh, according to reports.

Luke Harrison, 03 March 2022
Vesttoo bolsters senior leadership with key hires

Brian Kirwan, Douglas Min and Omar Ali have been appointed as general managers of Europe, Korea and the UAE, respectively.

Aisling Finn, 03 March 2022
IQUW names Tebbutt active underwriter for Syndicate 1856

Interim active underwriter David Message will assume the position of energy lead underwriter.

Samuel Casey, 03 March 2022
Tiernan: Market does not need to shrink cat, but must manage it right

The Corporation’s chief of markets said managing agents will be expected to articulate the differences between cat loss ratios from modelling to plan.

Marcel Le Gouais, 03 March 2022
Verisk acquires UK InsurTech Automated Insurance Solutions

The acquisition includes AIS’s flagship BAIL, which provides automated assessment and analysis of motor accident liability.

Luke Harrison, 03 March 2022
Credit and political risk insurers brace for fallout from Ukraine conflict

The London market is understood to be significantly more exposed to Russian business than Ukrainian.

Luke Harrison, 03 March 2022
Russia exposure for carriers covered by Berenberg ‘negligible to small’

Allianz looks the most exposed to the conflict, with roughly EUR2bn of its EUR809bn of investment assets at risk, according to the analyst.

Aisling Finn, 03 March 2022

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