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WRB Underwriting hires Hiscox’s Naughton to lead London recall team

Hiscox’s John Naughton is moving to WRB Underwriting to lead its London-based product recall team, and is expected to join in the new year, this publication understands.

Luke Harrison, 10 November 2021
ICEYE inks deal with McKenzie Intelligence and Lloyd’s

The pair will help to provide active flood data to market participants.

Rachel Dalton, 10 November 2021
Ontario Teachers’ backs London Bridge ILS cell with initial £100mn+

The Canadian pension plan Ontario Teachers’ will support three Lloyd’s syndicates – CFC, Beazley and Beat – via its initial deal.

Fiona Robertson, 10 November 2021
Insurance market walks the energy transition tightrope

Sources say the insurance industry will not walk away en masse from existing clients.

Samuel Casey, 10 November 2021
Allianz Q3 profits up 11% to EUR3.2bn despite EUR659mn cat claims

Allianz’s operating profit grew by 11% to EUR3.2bn ($4.3bn) in the third quarter with high claims from natural catastrophes offset by negligible Covid-19 losses and a considerably improved run-off result.

Samuel Casey, 10 November 2021
Gard falls to $27mn H1 loss on elevated pool and Covid-19 claims

P&I club Gard reported a post-tax loss of $27mn in the first half of the 2021 financial year on an estimated total call basis as the trend of large pool claims continued to hit the bottom line.

Samuel Casey, 09 November 2021
UK looks to give FCA, PRA statutory objectives on growth and competitiveness

The proposals include changes to the regulators' statutory objectives and enhanced accountability mechanisms.

Samuel Casey, 09 November 2021
AIG-owned AlphaCat loses EUR500mn+ mandate from investor PGGM

The Dutch firm had given the AIG-owned platform a mandate that could range from EUR500mn to EUR1bn, covering US cat reinsurance.

Fiona Robertson, 09 November 2021
MNK Re expands team with launch of UK specialty business

The company’s new UK specialty team will be led by Grahame Lamb, Richard Daws and Jonathan Britton.

Luke Harrison, 09 November 2021
Nexus drops sale of trade-credit broker Xenia

The confirmation comes after the intermediary agreed to buy two books of business from Parker Norfolk.

Rachel Dalton, 09 November 2021

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