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Loss estimates for Names syndicates point to Lloyd’s £2.5bn 9M cat bill
Hampden Agencies estimated large losses to be 6.8% of 2021 capacity for its syndicates by the end of Q3, with the majority of losses relating to Hurricane Ida.
Catrin Shi
,
24 December 2021
Ardonagh signs venture agreement with Mphasis for digital transformation
Through the deal, Mphasis will acquire a 51% stake in Mrald, while 49% of the equity will remain with Ardonagh.
Luke Harrison
,
24 December 2021
An insurance Christmas wish list: What’s important is the price
The insurance industry will hope to maintain rating resolve and withstand the forces of inflation in 2022.
Samuel Casey
,
24 December 2021
Ardonagh agrees to acquire Portuguese broker MDS in £200mn deal
The broker generates around EUR75mn in revenues and has a presence throughout the Portuguese-speaking world and Europe.
Rachel Dalton
,
23 December 2021
Carbon places property consortium with Howden Re in SIAB first
The placement is the first delegated underwriting authority consortium as well as the first consortium supporting SIAB.
Luke Harrison
,
23 December 2021
Darag gets regulatory approval for purchase of Texas-based insurer
Legacy acquirer Darag has entered into a Stock Purchase Agreement and received the relevant regulatory approval for the purchase of a Texas-based insurer in run-off.
Luke Harrison
,
23 December 2021
Two-speed cat reinsurance renewal emerges in late 1.1 scramble
Reinsurers have held the line more strongly than last year but rising risks may offset gains.
Fiona Robertson
,
23 December 2021
Chaucer’s Murphy joins WKFC to launch London-based US casualty program
Joe Murphy has left his senior underwriter post to join the Ryan Specialty Group-owned MGA.
James Thaler
,
23 December 2021
Lloyd’s Asia launches $100mn renewable energy consortium
The consortium has been developed by Chaucer, Markel and Munich Re Syndicate, and has a maximum working capacity of $100m per project.
Luke Harrison
,
23 December 2021
Perils estimates Arwen and Barra losses to be below EUR200mn each
Arwen knocked out power for around a million UK homes.
Rachel Dalton
,
23 December 2021
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