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Trimmed volatility will aid long-term AGCS profitability: Bäte

The CEO said the business unit was focused on bottom-line profits rather than top-line growth.

Samuel Casey, 18 February 2022
QBE International insurance profit more than doubles to $716mn for 2021

At a group level, the carrier booked $905mn in cat losses from Uri, Ida, Bernd and Seroja.

Rachel Dalton, 18 February 2022
Tysers revived sale process: Four takeaways for London broking M&A

The latest attempt to sell Tysers comes with an injection of competitive tension and an improved set of numbers for the 200-year-old broker.

Rachel Dalton, 18 February 2022
AGCS back in black in 2021 with EUR366mn profits as group earnings up 25%

A turnaround in the fortunes of AGCS saw the combined ratio at the business unit drop by 18 points to 97.5%.

Samuel Casey, 18 February 2022
Axa XL promotes De Rosa to head construction reinsurance

In her new role, De Rosa will oversee Axa’s construction and engineering treaty and facultative portfolio and strategy for clients in both the US and international markets.

Jairo Ibarra, 17 February 2022
Activists level disputed claims at Lloyd’s CEO over ESG commitment

Lloyd’s said that it had developed appropriate policies to manage the transition towards net zero.

Samuel Casey, 17 February 2022
AIG applies 'modest' cuts to aggregate cat reinsurance spend, lowers deductibles

The carrier said AIG Re cut US property reinsurance limits deployed by 10% at 1 January.

Liz Bury, 17 February 2022
Credit and political risk capacity increases despite uncertainty: Gallagher

Despite an increased risk environment, capacity has increased for political risks, trade risks political, trade risks commercial and non-trade insurance, the broker said.

Luke Harrison, 17 February 2022
Ed Broking’s Okey to depart for Marsh’s construction team

The appointment of Dan Okey comes amid several senior changes within Marsh’s construction team.

Luke Harrison, 17 February 2022
Zurich puts $900mn-premium Australian P&C business up for sale

The business made a steep underwriting loss in 2020.

Adam McNestrie, 17 February 2022

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