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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
Admiral and Mapfre to sell comparison sites to RVU for £508mn
The UK auto insurer expects to return most of the proceeds to shareholders.
Rachel Dalton
,
29 December 2020
Insurers rise, banks fall after UK-EU Brexit trade deal
The goods-focused pact includes a joint declaration on financial services, though crunch issues have yet to be resolved.
Laura Board
,
29 December 2020
German insurers pay EUR2.5bn in domestic weather-related claims in 2020
The GDV trade association reports below-average losses thanks to a quiet winter storm season.
Rachel Dalton
,
29 December 2020
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