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Lloyd's chief of markets faces tough decisions on market oversight, growth and distribution

The new Lloyd’s chief of markets has some key strategic decisions on market oversight, growth and distribution to take.

Catrin Shi, 12 May 2021
Zurich’s Q1 P&C gross written premium surges by 14% to $11bn

The growth was driven by higher premium rates, particularly in commercial insurance.

Anna Sagar, 12 May 2021
Allianz Q1 P&C profit up 47% as natural catastrophe bill more than halves

The combined ratio for AGCS improves by over 19 points as the division swings EUR81mn into the black.

Samuel Casey, 12 May 2021
PartnerRe reports $66mn Q1 net loss, takes $104mn hit from Uri claims

The carrier recorded average rate rises of 9% for P&C accounts renewing at 1 April.

John Hewitt Jones, 11 May 2021
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

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