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Probitas makes raft of hires ahead of 18% pre-emption for 2021
The Ash Bathia-led business gains Lloyd's approval to write premiums of £173mn.
Samuel Casey
,
12 October 2020
PRA’s Sweeney urges vigilance over pandemic impacts
The top general insurance supervisor also warns the market against declaring an early victory on underwriting remediation.
Laura Board
,
12 October 2020
Hurricane Delta strikes Louisiana as Cat 2 storm
More than 90% of crude oil production remained offline as of Sunday.
Anna Sagar
,
10 October 2020
Hurricane Delta a ‘uniquely dangerous’ situation: AM Best
The ratings agency says the storm’s track compares with that of Hurricane Rita in 2005.
John Hewitt Jones
,
10 October 2020
Watford Re investor Bobman attacks ‘destructive’ and ‘disgusting’ $622mn Arch deal
Ron Bobman has reiterated his opposition to Watford Re’s management and fiercely criticised the deal.
Bernard Goyder
,
10 October 2020
Howden to acquire majority stake in Mexican broker Adrisa
The Hyperion business will merge its existing Ordás broking platform in Mexico with the retail intermediary.
Anna Sagar
,
09 October 2020
Delta expectations point to sub-$5bn loss as aggregate count rises
Early indications suggest another retained disaster loss for insurers.
Fiona Robertson
,
09 October 2020
Watford agrees sale to Arch at fractional premium to Enstar bid
The $622mn agreement is just 10 cents a share higher than Enstar's $31.00-per-share proposal.
Samuel Casey
,
09 October 2020
Compre targets 1 January Lloyd's start-up with Apollo
The Europe-focused legacy firm has also been lined up to take the Syndicate 1969 run-off portfolio.
Adam McNestrie
,
09 October 2020
Watford agrees to $622mn takeover offer from Arch
The $31.10-per-share deal is just 3.7% higher than yesterday's close but 74% above the hedge fund reinsurer's undisturbed share price.
Catrin Shi
,
09 October 2020
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