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Vitruvian sets wheels in motion for CFC stake sale
With forward Ebitda numbers of £50mn-£60mn, the MGA could secure a valuation of potentially nearing £1bn.
Catrin Shi
,
23 April 2021
Washbourn marine MGA staffs up with Atrium’s Clark
The market veteran is launching the business via Fidelis’s Pine Walk platform with $100mn of capacity.
Samuel Casey
,
23 April 2021
The Week in 90 Seconds: Aon-Willis; Lloyd's syndicate analysis; Washbourn MGA; Hartford’s Chubb rejections
Plus in-depth analyses of the accident and health and airlines markets.
Samuel Casey
,
23 April 2021
Owners file appeal in Egyptian courts over detained Ever Given
The Suez Canal Authority has detained the ship as parties discuss a disputed $916mn claim.
Samuel Casey
,
23 April 2021
Judge rejects broker Phillips’ case for injunction against Willis Re
The former LatAm and Caribbean chair, who moved to Guy Carpenter, has failed to nullify non-solicitation clauses.
Rachel Dalton
,
23 April 2021
Canopius exits XoL trade credit and places underwriters under consultation
Lack of scale prompts the retreat from a line the carrier began writing in 2017.
Anna Sagar
,
23 April 2021
Former Munich Re digital chief Rear joins UK’s Hubb
The former Digital Partners CEO will chair the board of the usage-based commercial broker.
Rachel Dalton
,
23 April 2021
Mandatory pandemic cover would allay ‘free rider’ worries: Geneva Association
The organisation says governments need to absorb the lion’s share of pandemic underwriting risk, whatever the form of state scheme.
Samuel Casey
,
23 April 2021
Airline rate momentum shows early signs of slowdown
Sources said pandemic rate inflation and increases in exposure could lead to rates tapering off after years of increases.
Anna Sagar
,
23 April 2021
AM Best revises outlook for Convex to positive
The ratings agency has also affirmed the A- FSR of Convex’s UK and Bermudian entities.
John Hewitt Jones
,
23 April 2021
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