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Canopius lines up former Axa XL exec Robertson to replace Watson as CEO

Robertson will join as deputy group CEO before taking the CEO job, with Michael Watson staying on as chairman.

Samuel Casey, 11 February 2021
Arch takes Marsh’s Cafferty as senior property underwriter

The newcomer most recently led Marsh’s property team in Asia, and has also worked at Newline and Cooper Gay.

Samuel Casey, 11 February 2021
Perils drops Ciara/Sabine loss estimate to EUR1.57bn

The final loss estimate fell by 2.5% as Perils said similar-sized losses could recur every three years.

Samuel Casey, 11 February 2021
London cyber market heading for ‘multi-year correction’ in rates

The majority of London underwriters said they expected rates across their cyber book would be up 30% for the year.

Catrin Shi, 11 February 2021
Zurich holds P&C Covid-19 losses steady as 2020 profit slumps 28%

The carrier reports strong pricing momentum, with commercial premiums rates up 17% in North America.

Samuel Casey, 11 February 2021
Axis plots expansion into excess casualty, renewables, A&H and marine

The Bermudian expects pricing momentum to continue this year.

Bernard Goyder, 11 February 2021
The Hartford will push for further rate within global specialty segment: CEO Swift

Christopher Swift says more rate is needed in some areas including the London market and certain excess lines.

John Hewitt Jones, 11 February 2021
Hardening market has Arch on the ‘power play’: Grandisson

The CEO said his company would be going on offense to accelerate book value growth while strong market conditions lasted.

James Thaler, 10 February 2021
Container ship losses not ‘systemic threat’ for cargo market: Iumi

Since December, double the average number of containers have been lost overboard compared to an average whole year.

Samuel Casey, 10 February 2021
PRA’s Sweeney sees ‘no persuasive evidence’ of badly pitched capital requirements

The supervisor says the regulator is neither vying to hike nor slash requirements on the back of a Solvency II review.

Laura Board, 10 February 2021

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