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The Week in 90 Seconds: FCA test case ruling; Sally and Laura estimates; broker manoeuvres

The undisputed news highlight of the week was the High Court ruling in the Financial Conduct Authority’s test case over UK BI claims and Covid-19.

Rachel Dalton, 18 September 2020
Axa France vows to appeal BI judgement

The carrier claims the Paris court decision runs counter to judgments in Toulouse and Bourg-en-Bresse.

Rachel Dalton, 18 September 2020
Aon replenishes fac team with Ruiz hire in Colombia

The broker joins from Carpenter Marsh Fac and will work over property, power, energy and marine lines.

Samuel Casey, 18 September 2020
Teddy will near Bermuda at hurricane strength this weekend: NHC

The storm is churning at Category 4 strength in the Atlantic and could impact Bermuda after Paulette's recent strike on the island.

Lucy Jones, 18 September 2020
Lockton LatAm lures four Aon brokers including Caribbean fac heads

The team is led by Julian Pratt and Michael Lambert, and includes Simon Arden and Giuliano Montano.

Bernard Goyder, 18 September 2020
Hamilton raises collateralised retro vehicle for 1.1 push

The carrier's Ada Re vehicle will join its Turing Re sidecar, but its capacity is not known.

Fiona Robertson, 18 September 2020
Hive Aero takes MS Amlin’s Webster as class underwriter

The executive will manage the MGA’s new all-risks account, while former Chubb loss adjuster David Adcock becomes aviation claims head.

Anna Sagar, 18 September 2020
Convex hires former Neon CEO Butt as UK insurance chief

The start-up also puts CUO Paskin at the helm of Bermuda vehicle.

Rachel Dalton, 18 September 2020
Jefferies sounds warning on ‘unabated’ social inflation

Analyst Philip Kett says casualty reserves could prove inadequate as class actions continue.

Rachel Dalton, 18 September 2020
Blackstone and Alchemy are a fresh indication of the budding relationship between Lloyd’s and PE

Now, at least five separate PE houses have put up money at 1 Lime Street for 2021.

Catrin Shi, 18 September 2020

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