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AIR pegs German flood insured losses at EUR5bn

The modeller said repairs to infrastructure could run into months.

Rachel Dalton, 28 July 2021
Blocking of Aon-Willis deal reflects Biden’s ‘robust’ antitrust stance: White House

A White House press spokesperson said the deal would have led to higher costs for businesses and consumers.

Samuel Casey, 28 July 2021
‘Disruption’ from cancelled Aon-Willis merger ‘creates an opportunity’: J Powell Brown

The Brown & Brown CEO also called the company’s second quarter results the “best” in its history.

Eli Rallo, 28 July 2021
Conduit Re lifts projected top-line premium by 67% in Q2

The start-up fell to a $12mn half-year loss as its new book of premium was relatively harder hit by a small Uri loss.

Fiona Robertson, 28 July 2021
Lancashire posts $54.1mn H1 profit with 80.7% combined ratio

CEO Alex Maloney said the carrier was starting to ‘reap the benefit’ of three years of rate growth.

Samuel Casey, 28 July 2021
Syndicate analysis: Admin costs falling but size still irrelevant in managing expenses at Lloyd’s

Many market participants have managed to curtail their admin expense ratio over the last five years, although correlation between GWP and cost-efficiency remains weak.

Ben Wylie, 28 July 2021
Scor Global P&C swings to EUR100mn Q2 operating profit

The carrier increased reserves for P&C Covid-19 losses by EUR109mn in the quarter after UK and France court decisions.

Rachel Dalton, 28 July 2021
Axis underwriting profits surge 70% to $148mn as underlying margins expand

The company reported $139mn in Q2 cat losses that it said mostly came from Winter Storm Uri.

Jairo Ibarra, 27 July 2021
Intact secures £400mn Enstar ADC for RSA UK and Ireland portfolio

The reinsurance contract indemnifies Intact against losses in excess of a £2.6bn retention on losses occurring before the end of 2020.

Bernard Goyder, 27 July 2021
Who could take helm at Willis after Haley’s failed deal?

The search will need to be rapid and sure-footed to give the firm the best opportunity to address its issues.

Adam McNestrie, 27 July 2021

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