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AIG close to attaching NA aggregate treaty cover: CEO Zaffino

The carrier has $175mn remaining in its aggregate retention and is expecting limited catastrophe losses during Q4 given their treaty cover.

Jairo Ibarra, 05 November 2021
Scor to shift towards 60/40 split between P&C and L&F

Scor is to shift its portfolio to increase the proportion of P&C to 60% and reduce life and health (L&H) to 40%, according to CEO Laurent Rousseau.

Rachel Dalton, 05 November 2021
Thavarajah appointed CEO of Allianz APAC, Kroetz CEO of Allianz Direct

Anusha Thavarajah has been appointed regional CEO of Allianz Asia-Pacific (APAC), effective 1 December, while Philipp Kroetz has been appointed CEO of Allianz Direct, effective 1 January, subject to regulatory approval.

Luke Harrison, 05 November 2021
TransRe grows NWP by 19.9% in Q3 as underwriting loss rises to $232mn

The Alleghany-owned reinsurer’s combined ratio weakened by 14.3 points on higher cat losses.

Giovanna Bellotti Azevedo, 05 November 2021
The Week in 90 Seconds: Hurricane season analysed; Topsy-turvy reinsurance

Plus an interview with Swiss Re’s Thierry Léger, and the London listed carriers’ Q3 results.

Rachel Dalton, 05 November 2021
Lloyd’s chief human resources officer Tyson to depart

Julia Tyson, chief human resources officer (CHRO) at Lloyd’s, is to depart at the end of the year.

Luke Harrison, 05 November 2021
Beazley’s capital position ‘remains strong’, shares jump by 6%

Beazley’s capital position “remains strong and within the preferred range contemplating all the loss activity to date”, according to Beazley CEO Adrian Cox, speaking during a Q3 earnings call with investors.

Luke Harrison, 05 November 2021
Lockton Re takes Aon’s Boon for non-marine retro

Lockton Re has hired James Boon from Aon to work as a senior broker in the expansive non-marine retrocession and property specialty division.

Samuel Casey, 05 November 2021
IG offers 52% premium rise on first $650mn after two years of heavy claims

The International Group (IG) has offered premium rises of 52% on the lower part of its general excess of loss (GXL) reinsurance contract following a spell of substantial claims since the contract switched to a two-year deal, Insurance Insider can reveal.

Adam McNestrie, 05 November 2021
Countdown to the end of hurricane season is on

Data published by the NOAA illustrates a low incidence of hurricanes later than October over last 30 years.

Ben Wylie, 05 November 2021

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