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Bushfires trigger state of emergency for Canberra

A fire to the southwest of the Australian capital is “out of control” and over 21,500 hectares in size.

Anna Sagar, 31 January 2020
The Week in 90 Seconds

(Re)insurance executives gathered in EC3 this week for the Insider London conference.

Rachel Dalton, 31 January 2020
Capital One burns through first $100mn of cyber tower

First-party claims account for most of the payout, with further third-party claims from the 2019 breach still to come.

Catrin Shi, 31 January 2020
Aon posts 7% organic growth in Q4 as reinsurance jumps 17%

The company narrowly beats the consensus EPS forecast as expansion in both broker segments accelerates.

Samuel Casey, 31 January 2020
RFIB’s Beard to step down as CEO

Steven Beard was RFIB CEO for just over a year and half and said the timing “feels right” to leave.

Anna Sagar, 31 January 2020
Sovereign Capital confirms Arachas sale to Ardonagh backers

HPS and Madison Dearborn are expected to keep the Irish broker separate from their far larger UK portfolio company.

Anna Sagar, 31 January 2020
Early-stage InsurTech funding shrinks as later-stage surges: Willis

Despite a record $2bn funding quarter, early-stage funding volumes decreased year on year.

Anna Sagar, 31 January 2020
Prioritising fish over finance in EU trade talks seems crazy

At 11pm local time the UK will leave the EU.

Laura Board, 31 January 2020
Everest Re flags $215mn cat losses in Q4

The Bermuda carrier predicts full-year net profit of about $1bn, in line with forecasts.

Rachel Dalton, 31 January 2020
JLT aerospace acquisition helped boost Q4 margins: Pat Gallagher

Mid-year M&A including the aviation deal increased the broker’s margin by about 50 bps.

John Hewitt Jones, 31 January 2020

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