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FCA’s argument on open businesses ‘hopeless’: Arch

The regulator has argued that businesses that were never required to close during the pandemic still had their access restricted.

Samuel Casey, 28 July 2020
PartnerRe makes Bonneau president and CEO as Clarke departs

The former Chubb Tempest Re chief takes over following the collapse of the sale of the business to Covea.

Rachel Dalton, 28 July 2020
Victor names Johnson as Syndicate 2288 deputy active underwriter

The executive was most recently at Pioneer, where he was head of syndicate management.

Catrin Shi, 28 July 2020
Willis hires Marsh’s Toms to aviation team

The broker returns to Willis after a 17-year absence.

Anna Sagar, 28 July 2020
ABI names senior civil servant as new regulation chief

Charlotte Clark takes over from Hugh Savill, who has been with the ABI since 2005.

Anna Sagar, 28 July 2020
Lloyd’s clamps down on ‘excessive’ reinsurance arbitrage

New rules also aim to prevent an overreliance on reinsurance and to encourage cedants to use multiple risk partners.

Rachel Dalton, 28 July 2020
Lemonade may dull InsurTech investment appetite: Willis Re’s Johnston

The global InsurTech chief warns of a potential “emotional reaction” towards the sector if the IPO experience at the renters’ carrier sours.

Anna Sagar, 28 July 2020
Convex sets wheels in motion on major capital raise

Sources suggest the raise could take the (re)insurer's equity base up to the $3bn it initially targeted.

Adam McNestrie, 28 July 2020
KCC pegs Hurricane Hanna insured losses at around $350mn

The estimate includes privately insured wind and storm surge damage to homes, commercial properties and cars, but not NFIP losses.

Suliman Mulhem, 28 July 2020
Piiq wins Dassault and Embraer accounts from Marsh

Accounts move despite significant challenges brokers are facing around new business production.

Adam McNestrie, 28 July 2020

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