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Marine
Atrium hires Westfield’s Gordge to bolster marine unit
Westfield Specialty has experienced high turnover in its London market operations.
Samuel Casey
,
24 February 2025
Lloyd’s
Probitas Syndicate 1492 posts pre-tax profit of £62mn for 2024
The syndicate reported an undiscounted net combined operating ratio of 77.9%.
Abbie Day
,
13 March 2025
Catastrophe bonds
Swiss Re Global Cat Bond price return index down 1.34% on Milton
This is a far narrower drop than post Ian, when the index was lost 10%.
Jai Singh
,
13 October 2024
Claims and losses
IAG to release A$200mn of Covid-19 BI provision
This follows a ruling to declass the representative proceeding filed against IAL.
Abbie Day
,
31 January 2025
Energy
Volt Underwriting plans ports and terminals entry with AIG’s Haines
The MGA launched last October with a B.P. Marsh investment.
Samuel Casey
,
24 February 2025
Brokers
Gallagher promotes Bassett and Brookes within specialty unit
The pair will lead crisis management and financial lines, respectively.
Rachel Dalton
,
17 December 2024
Marine
Parsyl takes Loadsure’s Calligeros as North America cargo head
The underwriter will be based in New York and drive underwriting strategy.
Samuel Casey
,
18 March 2025
London market
The Week in 90 Seconds: Q3 results, Cargo capacity, London A&H
Plus the latest people moves and all the top news of the week.
Fiona Robertson
,
08 November 2024
Re/insurers
Fema increases NFIP reinsurance placement 22% to $757.9mn
The reinsurance attaches at $7bn, unchanged for the past two years.
Jai Singh
,
16 January 2025
Personal lines
Twia estimates Beryl losses equivalent to cat fund balance at $455mn
Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
Kyoung-son Song
,
14 November 2024
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