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InsurTech FloodFlash scoops $15mn Series A, eyes US expansion

The firm will now accelerate plans to expand in the US, its major target market, as well as Germany, Australia and Japan.

Aisling Finn, 10 February 2022
Zurich 2021 P&C profit up 50% on improved pricing, lower Covid impact

The carrier increased P&C pricing by 7% in 2021.

Rachel Dalton, 10 February 2022
Blueprint Two: Questions linger on PPL, data, Acord and adoption

After a second guide from Lloyd’s on Blueprint Two finally provided timescales for delivery, some firms remain uncertain on the details needed for preparation.

Marcel Le Gouais, 10 February 2022
Everest swings to $228mn U/W gain as it cuts core LR by 2.4pts

Gross premiums leaped by 25%, to $3.43bn, from a 26% surge in reinsurance and 21% growth in insurance.

James Thaler, 09 February 2022
Arch U/W more than doubles to $472mn off sharply lower catastrophes

The (re)insurer’s GWP surged 32%, helped by strong gains in both its insurance and reinsurance divisions.

James Thaler, 09 February 2022
Activist Bobman reiterates call to sell Argo after ~$140mn reserve charge

The investor has been calling on the board to explore strategic alternatives for the business since September last year.

Adam McNestrie, 09 February 2022
WTW’s Hess: What doesn’t kill us makes us stronger

The CEO outlined areas of the business which needed additional care and attention, while highlighting the need to build a culture of trust between management and staff.

Catrin Shi, 09 February 2022
PIB hands new remits to Colosso, Mageean, Walsh and Powis

Changes at the top come at a time of expansion for the broker consolidator.

Rachel Dalton, 09 February 2022
Insurance job vacancies up by 74% year on year

Hiring levels at Ardonagh Group saw the fastest growth out of the Top 20 insurance companies, with an increase of 482%.

Luke Harrison, 09 February 2022
Tysers’ ports duo Hubbard and Wells defect to McGill

The pair are set to join head of marine and cargo Gordon Longley’s team.

Rachel Dalton, 09 February 2022

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