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Darag completes Sovag portfolio transfer

The German insurer finally concludes the sale 18 months after it first brought the legacy portfolio to market.

Anna Sagar, 20 December 2019
For the market to reap the gains of lead-follow 2.0, there must be fewer leaders than there are today

Like it or not, the new lead-follow model at Lloyd’s is coming.

Catrin Shi, 20 December 2019
Perils pegs Sydney hailstorm loss at $549mn

The cat loss data firm increases property damage figure in final estimate.

Rachel Dalton, 20 December 2019
Axa XL promotes four at reinsurance division

The leadership changes further the carrier’s simplification of its reinsurance operation.

John Hewitt Jones, 20 December 2019
Tria and NFIP extensions approved in US spending bill

The measure will now go to the White House to be signed into law.

John Hewitt Jones, 20 December 2019
Allstate to drop Esurance brand as part of ‘transformative growth’ plan

The brand’s retirement slated for next year is emblematic of a broader shift in InsurTech.

Bernard Goyder, 20 December 2019
Cyber start-up Cowbell recruits Thompson from Zurich

The cyber specialist joins the MGA’s California office as head of underwriting.

John Hewitt Jones, 20 December 2019
Ascot enters US cyber and E&O markets

The move into the two classes follows the insurer's launch of a US financial lines division.

John Hewitt Jones, 19 December 2019
Lloyd’s lead-follow pilot to launch in 2020

The number of leaders will not be capped, and small-to-mid-sized players will have scope to get status.

Catrin Shi, 19 December 2019
Allstate books $33mn in November cat losses

Losses arise from four events plus reserve re-estimates.

Rachel Dalton, 19 December 2019

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