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The Week in 90 Seconds: Canopius capital raise, Marsh’s Clarke on the record, AIG break-up
Plus more on the Miller sale, a run-down of executive moves and our most popular news stories of the week.
Rachel Dalton
,
30 October 2020
Starr takes lead line from AIG on American Airlines account
The change comes ahead of the renewal in December of the Willis Towers Watson-brokered cover.
Anna Sagar
,
30 October 2020
Aon reports flat organic revenue in Q3 as reinsurance growth accelerates
Organic expansion of 13% in reinsurance was offset by declines in retirement solutions and data and analytics.
Samuel Casey
,
30 October 2020
Swiss Re’s Dacey: New wave of ‘complete lockdowns’ unmodelled
The reinsurer’s CFO warns pandemic “is not over” and declines to guide on year-end result.
Rachel Dalton
,
30 October 2020
A hard retro market isn't necessarily enough to impress investors
Investors from the ILS boom era are also those who've had the least luck, so fundraising remains a slog.
Fiona Robertson
,
30 October 2020
Miller in advanced sales talks with private equity house Cinven
Odyssey-backed Tysers has been sidelined in the protracted sale process.
Adam McNestrie
,
30 October 2020
Swiss Re P&C unit swings to nine-month loss of $201mn
The reinsurer warns of pandemic-related uncertainty and adds another $500mn to Covid claims and reserves, taking the total to $3bn.
Rachel Dalton
,
30 October 2020
Everest beats analyst estimates despite $425mn cat toll
Gross written premiums grew 16% in Q3 across both insurance and reinsurance segments.
Bernard Goyder
,
30 October 2020
Arch top line surges 25% in Q3 as mortgage results improve sequentially
Excluding Covid-19 claims, it was the company’s highest cat quarter since 3Q17.
James Thaler
,
30 October 2020
Gallagher organic growth slows to 2.6% as operating income jumps by 48%
The improvement was fuelled by an 8.3% growth in brokerage revenue to $1.3bn.
Bernard Goyder
,
30 October 2020
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