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Space insurers dodge $400mn Vega 17 satellite loss
The rocket failed, carrying two Earth observation satellites on Monday, but was uninsured.
Anna Sagar
,
19 November 2020
Marsh JLT Specialty promotes Roberts to global renewable energy head
In the newly created role the executive will lead a 100-strong team.
Anna Sagar
,
19 November 2020
Axa XL makes Harris UK & Lloyd’s energy head
The executive takes over from Peter Welton, who was made UK & Lloyd’s CUO for marine, energy and aerospace earlier this year.
Anna Sagar
,
19 November 2020
Brit’s follow-only syndicate Ki secures £243mn year-one stamp
Brit’s flagship syndicate 2987 also secured an 8.5% increase in stamp to £1.73bn for 2021.
Catrin Shi
,
19 November 2020
Ardonagh Q3 profit rises 41% as organic revenue rebounds
Revenue rose 2.2% on an underlying basis at the broking group.
Rachel Dalton
,
19 November 2020
QIC Global names Graham as Antares CEO
Acting CEO Alexander Craggs becomes deputy chief at the Lloyd’s business, while Jim Lye is confirmed as active underwriter.
Anna Sagar
,
19 November 2020
MS&AD’s overseas insurance business swings to $110mn fiscal H1 loss
The carrier cut back net written premiums in its overseas operations by 12.3% following restructuring at MS Amlin.
Samuel Casey
,
19 November 2020
Patria Re SPA 6125 to close for 2021
The SPA’s main capital provider did not give a reason for the decision but the syndicate has not turned an underwriting profit since inception.
Catrin Shi
,
19 November 2020
PartnerRe falls to Q3 underwriting loss as net premiums drop
The carrier said its new EUR750mn funds from Covea would help to reduce financing costs.
Jeff Kuntz
,
19 November 2020
Axa XL Syndicate 2003 to take 17% stamp cut for 2021
The de-emption is largely driven by withdrawals from key classes and major broker facilities for the coming year.
Catrin Shi
,
19 November 2020
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