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Aon: Hail drives billion-dollar US losses in April

A high proportion of the more than $3.5bn economic losses caused by April severe weather will be insured, the broker said.

Alex Frampton, 11 May 2021
Markel International hires Travelers' renewable energy head Richardson

The underwriter will join the carrier later this year as head of renewable energy in London.

Anna Sagar, 11 May 2021
UK Club disputes ‘reduced’ $600mn claim for Ever Given Suez blockage

The club said the reduction was not reflected in court and that it had still seen no evidence to support a claim of such size.

Samuel Casey, 11 May 2021
Kingfisher hires Ardonagh’s Tailor as CFO

The recruit will oversee finance, risk and compliance across the company’s broking and MGA businesses.

Anna Sagar, 11 May 2021
Early Florida renewal indicators lend weight to reinsurance rate easing fears

Pockets of the distressed Florida market are still expected to face a challenging renewal, but much of the remediation was carried out last year.

Fiona Robertson, 11 May 2021
SiriusPoint grows UW income in first quarterly results after merger

SiriusPoint posted higher underwriting income in the first quarter than a year ago and lowered its combined ratio to 96.6% from 98.6% in what was a heavy cat quarter for the industry.

James Thaler, 11 May 2021
Zeng: Secondary peril miscalculations reflect over-reliance on models

Speaking at this publication’s 2021 ILS week, the managing partner of Integral ILS argued that primary catastrophe insurance was the best spot for ILS expansion beyond cat reinsurance.

Alex Frampton, 28 April 2021
Aon to keep corporate fac business despite reinsurance divestment

Aon and Willis have been in talks with AJ Gallagher over a sale of assets the broking houses must make to gain approval for their pending merger from antitrust regulators.

Bernard Goyder, 10 May 2021
Everest Re head of reinsurance Doucette steps down

The executive’s responsibilities will be taken on by chief operating officer Jim Williamson.

James Thaler, 10 May 2021
Influx of capacity helped drive new business growth: Brown & Brown CEO

J Powell Brown cites liability, property and professional as lines where extra capacity contributed to the quarter’s result.

James Thaler, 28 April 2021

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