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Latent risk – The cat market’s inconvenient truth
Whether the Texas Deep Freeze ends as a $12.5bn, $15bn or $20bn insured loss, it will be a medium-sized cat event that will deal an earnings hit to carriers with exposure to the affected states.
Adam McNestrie
,
02 March 2021
Brit to combine BGSU and US MGA business to create $560mn coverholder
The move follows Jess Pryor’s promotion to executive chairman of Brit’s US business.
Bernard Goyder
,
02 March 2021
Atrium: ‘This is the most ambitious growth plan we have ever had’
CEO Richard Harries and active underwriter Toby Drysdale outline the carrier’s ambitions as it leans into the pricing cycle.
Catrin Shi
,
02 March 2021
Standalone cyber market growth would help combat coverage gap: S&P
The ratings agency says additional standalone cyber products would help clarify the scope of cover.
John Hewitt Jones
,
02 March 2021
Aston Lark acquires Scottish broker Bruce Stevenson
Stevenson’s senior management remain in place following the deal.
John Hewitt Jones
,
02 March 2021
Axa XL prepares to sell UK private client business to Aviva
The team of around 30 staff will manage the run-off of Axa XL’s existing book and launch a product with Aviva.
Samuel Casey
,
02 March 2021
Munich Re partners with AGCS and Google for cyber cloud cover
The product will initially be available in the US, with scope to expand internationally at a later date.
Samuel Casey
,
02 March 2021
Ardonagh to buy M&A broker Hemsley Wynne Furlonge
The unit achieved £10mn in 2020 revenue and has offices in the UK and Germany.
Rachel Dalton
,
02 March 2021
RMS: Winter storm losses to fall beneath top-end estimates
The modelling agency said it is still monitoring how factors such as demand surge and mould damage may impact claims.
Fiona Robertson
,
02 March 2021
Acrisure Re hires Arch’s Canagaretna for London advisory arm
The former Arch managing agency director will focus on legacy business, M&A and alternative capital.
Rachel Dalton
,
02 March 2021
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