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Argo prices $150mn of hybrid debt
The offering will be used to repay the remaining $125mn of a loan and provide working capital for growth.
Samuel Casey
,
08 July 2020
Who is next, AM Best?
Unofficial industry watchdog AM Best has made some high-profile interventions over the last few months, culminating in its downgrade late last week of Indian State-owned reinsurance company GIC Re.
Adam McNestrie
,
08 July 2020
Insurtech Board chairman warns of start-up collapses
Investor appetite may not return to “full capacity” for another 18 months, the Flock CEO predicts.
Anna Sagar
,
08 July 2020
Axa XL makes McGovern UK and Lloyd’s CEO role permanent
The former Lloyd’s exec takes the helm as the carrier pivots towards a new structure with more regional autonomy.
Samuel Casey
,
08 July 2020
Argo pre-announces $10mn-$20mn in Q2 Covid losses
The estimate is in line with Argo's earlier projection and will likely precede additional announcements from the sector in the coming weeks.
James Thaler
,
07 July 2020
Antares picks insider Craggs as acting CEO after Battle’s exit
Jim Lye becomes acting active underwriter at the Lloyd’s insurer.
Anna Sagar
,
07 July 2020
Whitespace signs up Lockton Re and surpasses 100 customers
The e-trading platform’s usage has surged since the insurance market began working remotely.
Samuel Casey
,
07 July 2020
FCA defends use of modelling data in test case
The regulator says it is reasonable to rely on Imperial and Cambridge models as a form of evidence.
Samuel Casey
,
07 July 2020
TigerRisk hires Willis Re broker for Europe operations
Juan England will work with Marc Beckers on developing products for the European market.
Anna Sagar
,
07 July 2020
Kingstone scales back reinsurance cover amid rate increases
The Northeast P&C insurer said it is expecting AM Best to review its financial strength rating in response to the cutback.
Suliman Mulhem
,
07 July 2020
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