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Axis expects to report $250mn in Q3 cat losses, including $175mn from Ida

Axis estimates Hurricane Ida will be a $35bn industry loss event while the European floods – from which Axis expects a $55mn bill – are projected to cost the industry $13bn.

James Thaler, 14 October 2021
Willis fills out senior leadership ranks for business segments and geographies

In an internal memo, the company named a raft of leaders by country and business unit, though many roles also remain unfilled.

James Thaler, 14 October 2021
Soaring oil and gas prices create gaps in insurance coverage: Lockton

If rising prices are not addressed in insurance policies, gaps could leave energy sector players uninsured as asset values exceed insurance limits.

Giovanna Bellotti Azevedo, 14 October 2021
Former Lloyd’s deputy chairman Dick Hazell dies at 91

Hazell enjoyed a 55-year career working in the Lloyd’s market.

Catrin Shi, 14 October 2021
QBE European surety manager Manwaring resigns

Steve Manwaring has resigned as manager of the carrier’s European surety operations and has been replaced Tom Johnson, who has been promoted to UK surety manager.

Luke Harrison, 14 October 2021
Hamilton curbs US wind exposure in international binders book

The carrier follows the news that Canopius had pulled US wind exposure from its delegated authority portfolio.

Catrin Shi, 14 October 2021
Nuclear Risk Insurers ups capacity to EUR1.2bn led by Chaucer

Demand is growing for insurance capacity to cover less carbon-intensive energy sources.

Samuel Casey, 14 October 2021
Swiss Re: We want to cover volatility not certainty

In a virtual Baden Baden conference, the reinsurer emphasised a push on addressing secondary perils after a high flood loss year.

Fiona Robertson, 14 October 2021
Everest Re estimates Q3 cat loss at $635mn

The figure was lower as a proportion of shareholders’ equity compared to RenRe’s Q3 loss.

Liz Bury, 14 October 2021
BIBA, ABI and Flood Re open flood insurance directory registration

The directory will be open to FCA- and PRA-regulated insurers and intermediaries that can meet the eligibility criteria.

Luke Harrison, 14 October 2021

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