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Skuld profits steady at $25mn in 2020/21 despite high claims activity
The marine mutual reported a combined ratio of 108% but was driven to profit by strong investment returns.
Samuel Casey
,
07 May 2021
Miller grows in upstream energy with Marsh’s Jones
Jones specialises in international upstream business and is experienced in offshore platforms.
Samuel Casey
,
07 May 2021
UPC Irma gross loss rose by $150mn in Q1
This came as the insurer said its reinsurance programme was oversubscribed and it expected rate increases to be in a mid single digit range.
Alex Frampton
,
07 May 2021
Zurich gives UK CUO Robinson group role to replace Signorelli
The former UK CUO will move to Zurich in a reshuffle that follows Signorelli’s promotion to commercial insurance CEO.
Anna Sagar
,
07 May 2021
Former Canopius team to launch renewable-energy MGA Praeventus
The MGA, which has capacity from Berkley Offshore and Munich Re Syndicate, is to start underwriting in June.
Anna Sagar
,
07 May 2021
RSA doubles Q1 operating profit as Intact/Tryg takeover poised to close
The group reports an 86% CoR in its last trading update as a listed entity.
Rachel Dalton
,
07 May 2021
2021 to be a ‘record year’ for M&A insurance: BMS
In 2020 the market fell to “near paralysis” in the early stages of the pandemic, before rebounding strongly.
Samuel Casey
,
07 May 2021
European reinsurers at 1.4: Key takeaways
Rate increases are tailing off, but the carriers’ reports reveal divergent growth strategies.
Rachel Dalton
,
07 May 2021
Perils pegs cost of Queensland, NSW March flooding at A$1.1bn
Most damage to private and commercial property was covered, but agriculture losses were uninsured.
Rachel Dalton
,
07 May 2021
AIG GI returns to underwriting profit in Q1, grows NA commercial NWP by 29%
The carrier’s North American commercial lines unit grew net written premiums by 29% to $2.7bn.
James Thaler
,
06 May 2021
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