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Beazley GWP jumps 29% YTD as cat losses reach $125mn

The gross written premium increase was driven predominantly by cyber and executive risk, which grew by 44% year on year.

Luke Harrison, 05 November 2021
AIG posts 99.7% CoR, third straight U/W profit, as cat losses fall to $628mn YoY

The insurer grew GI net premiums by 11%, led by 17% growth in its commercial business.

James Thaler, 05 November 2021
Axa XL pegs Ida losses at EUR400mn as nine-month revenues climb 3%

Axa XL anticipates booking losses of EUR400mn ($462mn) before tax and net of reinsurance from Hurricane Ida, the carrier has disclosed, as it reported total revenue growth of 3% in the first three quarters of 2021.

Samuel Casey, 04 November 2021
IQUW adds MS Amlin’s Shannon to start-up cargo team

Johnny Shannon will work alongside MS Amlin colleague Scott Heeley to build a book of cargo business.

Samuel Casey, 04 November 2021
Lancashire ‘very comfortable’ with available capital levels: CEO Maloney

The executive also noted that the carrier expects to maintain its cat footprint for 2022, despite recent losses.

Luke Harrison, 04 November 2021
Aon’s reinsurance division names Duncan, Stanco strategic growth leaders

Amanda Lyons will lead growth for US casualty, with Paul Anderson taking the same role in property.

James Thaler, 04 November 2021
Allstate lowers estimated reinsurance recoveries for Ida, but total tallies $1bn

The insurer will recoup $986mn from its reinsurers in relation to Q3 cats, of which $689mn stems from Hurricane Ida.

Fiona Robertson, 04 November 2021
Monte Carlo Rendez-Vous to return in 2022

The return to an in-person event follows two years of forced cancellations owing to Covid-19.

Samuel Casey, 04 November 2021
Arch rebrands Watford Re as Somers Re, CEO Levy departs

Liz Cunningham, Watford’s chief risk officer, has been named its new CEO, as the company said that ratings agency AM Best had affirmed the outlook on its A- FSR to "stable".

James Thaler, 04 November 2021
Insurers ‘uniquely positioned’ to build resilience to climate shocks: UN’s Hart

The insurance industry is uniquely positioned to bolster the transition to net zero and improve resilience to climate shocks, according to Selwin Hart, UN assistant secretary-general for climate change.

Luke Harrison, 04 November 2021

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