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Remaining Parker Norfolk divisions up for sale as administrators FRP hired

Lloyd’s broker Parker Norfolk, launched with backing from Maven Capital Partners in 2018, is to sell off its remaining business portfolios and close its doors, this publication can reveal.

Rachel Dalton, 10 November 2021
Google case verdict could spare insurers of liability claim influx

The UK Supreme Court has ruled in Google’s favour in a data protection case that could have sparked millions of payouts for Apple iPhone users and left insurers exposed to liability and cyber claims.

Rachel Dalton, 10 November 2021
FedNat reinsurers pick up $562mn of Q3 cat losses

FedNat transferred $562mn of its $599mn gross catastrophe losses to reinsurers in the third quarter, company executives said on an earnings call.

Fiona Robertson, 10 November 2021
AGCS remediation ‘accomplished’ and unit set for growth: Terzariol

The remediation work at Allianz Global Corporate & Specialty (AGCS) has been “accomplished”, and the business unit is now targeting profitable growth, according to Allianz CFO Giulio Terzariol.

Samuel Casey, 10 November 2021
Liberty Specialty Markets contingency head Mimran resigns

Liberty is one of the major leaders in the London contingency market, which was hit by large Covid-19 losses.

Samuel Casey, 10 November 2021
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

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