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Willis Re: 1.1 renewals ‘arrested and reversed’ downward drift
The broker’s 1st View report said rate change may have disappointed some reinsurers but remediation focused on specific stressed pockets of business.
Fiona Robertson
,
04 January 2021
Inigo hires former Scor executive Graves as COO
The newcomer held the same role at the French insurer’s London hub for around nine years.
Anna Sagar
,
04 January 2021
Bafin lays down law on post-Brexit run-offs
Existing contracts written by UK and Gibraltar entities should be scrapped where possible, while companies with portfolio transfers in train gain leeway.
Laura Board
,
31 December 2020
Top takeaways on 1 January renewals
Key themes included new capacity, a more buoyant retro market than expected, drawn-out amendments to exclusionary wordings, and quota share demand.
Fiona Robertson
,
31 December 2020
Premia launches $265mn Elevation Re sidecar
The new vehicle gives third-party investors access to Premia’s run-off investments.
Kit Heren
,
31 December 2020
Casualty XoL renewals go down to the wire over Covid wordings
Loss-free accounts are repricing by high single digits but the real battle is over terms.
Rachel Dalton
,
31 December 2020
Axa sells Greek unit to Generali for EUR165mn
The deal, pitched at a multiple of 12.2x 2019 earnings, follows disposal agreements for Axa in the Gulf, central and eastern Europe and India.
Rachel Dalton
,
31 December 2020
Zurich’s Naidu steps down as chair of FCA practitioner panel
The Zurich UK chief leaves as she prepares to take up a new role at the helm of the carrier's Asia Pacific arm.
Laura Board
,
30 December 2020
Former Lloyd’s chairman Coleridge dies aged 88
The insurance veteran laid the groundwork for the restructuring programme implemented by successor David Rowland.
Rachel Dalton
,
30 December 2020
UK government agrees on six-month extension to trade credit backstop
Germany is among other jurisdictions to have prolonged the life of similar schemes.
Laura Board
,
30 December 2020
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