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SiriusPoint enters into $417mn LPT with Compre for A&E, workers' comp liabilities

The deal follows a $37mn reserve charge taken by Third Point Re just ahead of the closing of its merger with Sirius International in February.

James Thaler, 06 August 2021
Lloyd’s insurers join £750mn, government-backed live-events scheme

Arch, Beazley, Dale, Hiscox and Munich Re are among several insurers said to be supporting the scheme, which will see the government serve as "reinsurer".

Luke Harrison, 05 August 2021
Willis rolls out 130% bonus pot to reward staff

Major increase in incentive pool represents an early step from management to shore up its staff base.

Adam McNestrie, 05 August 2021
Hiscox appoints Aspen’s Rose as CFO for London businesses

Helen Rose will start in February 2022, reporting to Hiscox London Market CEO Kate Markham.

Jairo Ibarra, 05 August 2021
Atlantic hurricane season shows ‘no signs of relenting’: NOAA

The National Oceanic and Atmospheric Administration's climate prediction center has forecast 15-21 named storms for the hurricane season.

Luke Harrison, 05 August 2021
IG ups Golden Ray notification to $842mn as loss creep track record extends

The group has made its third revision to the catastrophic shipping loss, after initially pegging the loss at just $115mn.

Samuel Casey, 05 August 2021
Enstar Q2 profit shrinks by 52.8% after StarStone and Atrium deals

The carrier reported book value per share up 8.3% over the first half of the year.

Rachel Dalton, 05 August 2021
Ratings agency Moody’s to buy RMS in $2bn deal

Moody’s expects RMS, which had about $320mn in revenue around $55mn in operating income last year, to become accretive to earnings by 2025.

James Thaler, 05 August 2021
Allstate lifts Sanders cat bond recoveries in Q2 as overall reinsurance claims pared

The insurer will recoup $253mn from the Sanders Re aggregate bond, up 30% from the Q1 level forecast, but traditional treaty recoveries have fallen significantly.

Fiona Robertson, 05 August 2021
Hannover Re pegs industry loss estimate for European flooding at EUR5bn-EUR7.5bn

The carrier also estimated its own loss from the flooding as EUR200mn-EUR250mn.

Rachel Dalton, 05 August 2021

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