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Retro hikes outpace reinsurance, but momentum ebbs in final stages
New capacity did not have a major influence on the outcome, but greater rated paper interest and a drop-off in demand kept rate increases more manageable than feared.
Fiona Robertson
,
04 January 2021
Enstar and Stone Point strike new shareholder pact over Atrium parent
The agreement follows a share-swap deal between the two companies.
Samuel Casey
,
04 January 2021
Canopius’ Pathak receives MBE for services to business and British Hinduism
Former FCA interim CEO Christopher Woolard is made a CBE in the Queen’s New Year’s Honours.
Anna Sagar
,
04 January 2021
Global property catastrophe reinsurance up 6% at 1.1: Howden
Retro rates are at an eight-year high, according to the broker.
Kit Heren
,
04 January 2021
Arch in talks about potential Watford deal from mid-May
An unnamed investment manager posited a Watford bid worth about $21/share around four months before Arch’s eventual $35-per-share takeover agreement.
Samuel Casey
,
04 January 2021
Aviation broking veteran Goddard passes away
The executive moved to McGill and Partners in 2019 and died over the weekend after a short illness.
Anna Sagar
,
04 January 2021
Willis Re: Cyber re demand spikes and aerospace hardens
The broker’s 1st View report also finds hardening in the engineering market and increased appetite for quota share within marine.
Rachel Dalton
,
04 January 2021
IK in exclusive talks to buy majority stake in France’s LSA
The Swedish investment firm is poised to back the MBO of online auto broker.
Rachel Dalton
,
04 January 2021
Willis Re’s Vickers: T&Cs dominated 1.1 renewals
Reinsurers achieved limited price increases in the late and complex renewals.
Rachel Dalton
,
04 January 2021
Convex lands Fidelis’ Munton for specie expansion
The underwriter joined Fidelis in August to lead its entry into the fine art and specie class.
Samuel Casey
,
04 January 2021
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