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PRA’s Sweeney: Solvency II review impact study will require ‘significant resource’ from firms

The PRA’s executive director for insurance has outlined the scope of a market study and consultation that will ultimately reform and simplify the Solvency II regime.

Marcel Le Gouais, 16 June 2021
Mumbai Airport closes as cyclone Tauktae nears Indian west coast

The region braces for a potential Category 1 landfall.

Rachel Dalton, 17 May 2021
Ryan Specialty files for NYSE listing under ticker ‘RYAN’

The Pat Ryan-run wholesale broker said it grew organically by 20% and had $1bn in revenues in 2020.

James Thaler, 22 June 2021
McKenzie Intelligence Services teams up with hurricane insurance MGA Yokahu

The insurance product is set to launch in Jamaica, the US Virgin Islands, the Bahamas and St Lucia in 2021, with further expansion planned for 2022.

Luke Harrison, 28 October 2021
Axis bolsters plans to phase out thermal coal amid industry-wide ESG action

The carrier will phase out thermal coal business and invest $20mn in a green investment fund.

Samuel Casey, 20 October 2021
Swiss Re Q1 profit tops forecasts as P&C re, CorSo eclipse life losses

The primary unit swings back to profit, while P&C re earnings expand seven-fold.

Rachel Dalton, 30 April 2021
LMA hires Axa XL’s Ramage as legal director, as van de Klugt retires

The Lloyd’s market veteran will retire in September after more than a decade in the role.

Anna Sagar, 29 April 2021
Scor shares surge after peace accord with one-time bidder Covéa

The deal removes the overhang risk associated with the Covea’s nearly 8.5% stake in the reinsurer.

Laura Board, 11 June 2021
Munich Re reports 171% Q1 profit expansion to EUR600mn

Primary unit Ergo was among the positive drivers that eclipsed above-average, Texas-storm-driven major losses within P&C re.

Rachel Dalton, 20 April 2021
Ardonagh’s adjusted reported Ebitda for 2021 climbs 42% to £318.5mn

On a pro-forma adjusted basis, the intermediary’s Ebitda hit £418.7mn.

Rachel Dalton, 23 March 2022

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