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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
Munich’s Jurecka: Cat business is volatile but profitable long-term

Munich Re CFO Christoph Jurecka reaffirmed the carrier’s commitment to cat business and revealed an expectation of further price increases in 2022.

Rachel Dalton, 09 November 2021
Chubb promotes Walker to lead aerospace after Slevin’s exit

Chubb has promoted Emma Walker to the head of aerospace role for Chubb Global Markets, giving her responsibility for managing and developing the carrier’s global aerospace portfolio.

Samuel Casey, 09 November 2021
Xenia launches into financial and specialty with Parker Norfolk acquisition

The transaction marks Xenia’s sixth acquisition to date.

Luke Harrison, 09 November 2021
Blenheim adds Plumptre and Fox to fuel political risk expansion

Blenheim Underwriting has recruited Tamsin Plumptre and Ed Fox as underwriters to its political risk team, as the carrier looks to continue expanding its political risk proposition.

Luke Harrison, 09 November 2021
Fidelis promotes Stewart and Davern to deputy CUO roles

Matthew Bellamy has also been promoted to head of property reinsurance at Fidelis Underwriting Limited.

Samuel Casey, 09 November 2021
PartnerRe swings back to $4mn non-life UW profit, despite $297mn in cat losses

The Bermudian carrier took $188mn losses from Hurricane Ida and $60mn from the European floods.

Jairo Ibarra, 09 November 2021
Munich Re P&C re unit swings back to EUR138mn Q3 profit despite cat losses

The reinsurer revised its full-year P&C CoR to 100% after third-quarter storms.

Rachel Dalton, 09 November 2021
Female board representation doubles in a decade

Male board members still hold more than two thirds of all seats at listed carriers and brokers, analysis shows.

Ben Wylie, 09 November 2021
Insurance Task Force launches disaster resilience framework

The cross-industry Insurance Task Force (ITF) working with Lloyd’s has launched a Disaster Resilience Framework for Climate-Vulnerable Countries, as part of its activities for the Prince of Wales’ Sustainable Markets Initiative (SMI).

Rachel Dalton, 08 November 2021

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