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PSC pays former Paragon owners a further £45mn

The deal struck last July included two performance-linked payments.

Samuel Casey, 29 May 2020
Second Watford investor calls for liquidation

Shareholder pressure at Watford grows after a second investor demands “strategic review”.

James Thaler, 29 May 2020
Munich Re forecasts worse-than-average hurricane season

The carrier says the response and recovery after events could be hampered by Covid-19.

Rachel Dalton, 29 May 2020
Hiscox terrorism underwriter Wilkie departs for Lockton Re

The executive switches to broking after working at Hiscox for nearly 12 years.

Anna Sagar, 29 May 2020
Lloyd’s exploring ‘virtual’ underwriting room

The Corporation will in the medium-to-long term look to combine the “best elements” of the physical room with the virtual room.

Catrin Shi, 29 May 2020
Hiscox offers compensation for Covid-19 confusion

Early offers of recompense spark customer demands for phone records.

Rachel Dalton, 29 May 2020
The Week in 90 Seconds

Property cat and D&F at 1 June, Aon pay cuts and industry pandemic response efforts

Rachel Dalton, 29 May 2020
US convective storm losses at $13bn: Aon

The losses have surpassed $10bn for the past 13 years.

Anna Sagar, 29 May 2020
London D&F underwriters call ‘best market since 9/11’

Rates are up 20% at a minimum, with T&Cs tightening and deals restructured to suit subscription players.

Catrin Shi, 29 May 2020
Standard Club overhauls Charles Taylor deal to take core operations in house

The change marks the end of a 136-year outsourcing agreement between the two firms.

Samuel Casey, 29 May 2020

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