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Everest’s $323mn underwriting loss on cats overshadows underlying gain

The reinsurer grew GWP by 25% in the quarter to $3.5bn, while dropping its companywide attritional loss ratio by more than five points.

James Thaler, 28 October 2021
Axis trims Q3 underwriting loss as GWP grows by 24%, core loss ratio shrinks

The company generated a $10mn underwriting gain in insurance, reversing last year’s $80mn loss, though the reinsurance division’s loss widened to $69mn.

James Thaler, 28 October 2021
NFP to acquire UK broker KGJ Insurance Services

The purchase will pull in specialist expertise in several fields including marine.

Eileen AJ Connelly, 27 October 2021
Elseco hires former Innovisk and Argo CUO Bruno Ritchie

Bruno Ritchie will be based in Paris and will also take on the additional role of arti lead client advocate.

Luke Harrison, 27 October 2021
Scor to tweak 2022 retro programme as supply of agg and pro-rata shrinks

The carrier has also exited US MGAs exposed to North Atlantic cat risk.

Rachel Dalton, 27 October 2021
Worst of Covid-19 P&I claims ‘yet to come’: Gallagher

The broker said that market speculation pointed to rate increases of up to 30% on the International Group reinsurance contract.

Samuel Casey, 27 October 2021
Willis Singapore CRB head Ng set to join AJ Gallagher

The executive has almost 20 years’ experience, having worked for Aon, AGCS and Marsh.

Rachel Dalton, 27 October 2021
Everest Re takes Munich Re’s Beggs to head North America reinsurance

Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.

Samuel Casey, 27 October 2021
Aspen secures 47% stamp uplift for Syndicate 4711

The significant pre-emption is predominantly driven by the transfer of a reinsurance book from the carrier’s UK platform to Lloyd’s.

Catrin Shi, 27 October 2021
Willis Towers Watson appoints Ware as CRB Asia leader

Luke Ware will report to Australasia head Simon Weaver, who is adding Asia to his remit.

Rachel Dalton, 27 October 2021

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