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Optio names Kelsey UK political violence and terror head, and triples line size

The carrier will now offer a single risk line of $150mn, following a period of significant growth in its portfolio.

Samuel Casey, 15 February 2022
Construction market faces $100mn loss from Mina Justa mine

This is the second Peru-based construction loss to make headlines in a week, following this publication’s report of a potential $860mn Petroperu claim.

Luke Harrison, 15 February 2022
MS Amlin makes raft of senior hires to risk function

The carrier has appointed John Winder, Victoria Harding, Wendy Kriz and Maurice Rose to its risk function team.

Luke Harrison, 15 February 2022
London market 2021 results: View from the early reporters

Improved underwriting performance and double-digit top line growth at most carriers has characterised results reported so far.

Catrin Shi, 15 February 2022
Over half of listed carriers ‘not earning cost of equity’: McKinsey report

The Global Insurance Report from McKinsey sets out industry mega trends, including the proportion of listed carriers that have traded at below book value in recent years.

Aisling Finn, 15 February 2022
Atrium posts 88% 2021 combined ratio as profits swell to £68mn

Atrium Underwriters has posted a combined ratio of 88% for 2021, with a strong underwriting performance driving profits up 24% to £68mn ($92mn).

Samuel Casey, 15 February 2022
Allstate Q4: What to do about personal auto loss trends?

The firm reported quarterly earnings featuring disappointing personal auto loss cost trends.

Insurance Insider US Research, 04 February 2022
UK High Court rules against Marshmallow in Mulsanne IP case

The insurer will now seek an investigation into the impact of the information misuse.

Rachel Dalton, 14 February 2022
Tech innovation to drive ‘buoyant’ M&A market in 2022: Clyde & Co

The law firm said some firms might accelerate deal plans because of changing insurance market dynamics and rising interest rates.

Samuel Casey, 14 February 2022
Asta and JPO Consulting help launch MGA ARTes

As a Lloyd’s-registered coverholder, ARTes will initially focus on underwriting a US inland marine specialty book with an estimated $20mn capacity.

Luke Harrison, 14 February 2022

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