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FSCS not to levy further in 2021-22 as failures lower than expected

The Financial Services Compensation Scheme (FSCS) has confirmed it will not be calling for a supplementary levy for the remainder of the 2021-22 financial year.

Samuel Casey, 11 November 2021
HDI Global buys 49.8% HDI Global Specialty stake from Hannover Re

The transaction will free up capital for Hannover’s reinsurance growth.

Rachel Dalton, 11 November 2021
Markel adds underwriting trio for renewables push

Charlie Richardson will work as head of renewable energy underwriting, as previously reported by this publication.

Samuel Casey, 11 November 2021
Ageas posts EUR161mn Q3 profit as flood losses hit EUR70mn

The carrier said the floods represented by far its largest ever loss for a single natural event.

Samuel Casey, 11 November 2021
Aviva’s UK commercial lines GWP rises 16% to £1.9bn

Aviva increased gross written premium (GWP) in UK commercial insurance by 16% to £1.9bn ($2.5bn) during the first nine months of the year, as continued rate momentum helped fuel its top-line growth.

Luke Harrison, 11 November 2021
Contingency underwriter Killeya parts ways with Convex

Senior contingency underwriter Luke Killeya has parted ways with Convex after having joined the carrier a year ago to help its launch into the contingency market, Insurance Insider understands.

Samuel Casey, 11 November 2021
Generali 9M P&C profit falls 2% despite doubling of cat losses

Generali’s nine-month P&C operating profit fell by 2.4% year on year to EUR1.79bn ($2.1bn), despite catastrophe claims for the period more than doubling year-on-year.

Luke Harrison, 11 November 2021
Zurich’s nine-month GWP for P&C rises 11%

Zurich’s gross written premium (GWP) in its property and casualty segment rose 11% to just over $31bn during the first nine months of the year, driven particularly by North American growth.

Rachel Dalton, 11 November 2021
Analysis: Aggregate reported losses from Q3 catastrophes reach $20bn

Aggregate reported net losses from Q3 catastrophes across the (re)insurance industry have now passed the $20bn mark, analysis by Insurance Insider shows.

Ben Wylie, 11 November 2021
Cyber now ‘most strained class of business’: Aon Q3 global study

The report also noted that global reinsurer capital totalled $660bn as of June 30 2021, a $10bn rise from the end of 2020.

Luke Harrison, 11 November 2021

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