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UK carriers could tap aggregate cover for storm losses

Ciara and Dennis may turn out to be the most significant European windstorm losses since 2018.

Suliman Mulhem, 17 February 2020
QBE raises aggregate attachment point

The “wrap” layer of the product expands to provide a potential $500mn of cover compared with $200mn previously.

Fiona Robertson, 17 February 2020
Rate changes outpacing claims inflation: QBE’s Regan

Shares jumped to a four and a half year high following the carrier’s annual results.

Samuel Casey, 17 February 2020
Concirrus raises $20mn, led by AlbionVC

The latest fundraising exceeds the cumulative $14.3mn raised previously, according to Crunchbase.

Anna Sagar, 17 February 2020
New Dawn Risk names former Barbican exec Cohen as treaty broker

The former underwriter left Barbican following the company’s acquisition by Arch.

Samuel Casey, 17 February 2020
Ardonagh to buy motorcycle specialist Bennetts in $34mn deal

The insurer will become part of Ardonagh’s retail arm, which also includes Carole Nash and Swinton.

Catrin Shi, 17 February 2020
QBE 2019 underwriting result dented by NA crop losses

The Australian carrier reports 9.8 percent renewal rate growth in the London market.

Catrin Shi, 17 February 2020
Focusing resources reduces the execution risk but it ups the ante for Lloyd’s

Failure to deliver on the three priority areas would call the whole project into question.

Catrin Shi, 17 February 2020
Perils gives A$1.6bn estimate for ‘peak’ Australian bushfire losses

The figure covers the peak December to January period.

Laura Board, 17 February 2020
Enstar accused by California insurers of contract breach

The carriers claim in a lawsuit that Maiden wrongfully stopped paying claims in late 2018.

John Hewitt Jones, 15 February 2020

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