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Re/insurers
Ex-Guy Carpenter exec O’Brien to land at MSIG USA
O’Brien was previously head of cyber centre of excellence for international at Guy Carpenter.
Abbie Day
,
15 November 2024
London market
Coverys London aims for £200mn premium within three years
CEO Stef Raftopoulos said the company platform will let the operation reach a suitable scale.
Rachel Dalton
,
15 November 2024
London market
The Week in 90 Seconds: Lloyd’s freehold changes, Trends in 2025, Swiss Re reserve charge
Plus the latest people moves and all the top news of the week.
Ayesha Venkataraman
,
15 November 2024
Re/insurers
Generali boosts 9M group operating profit 7.9% to EUR5.4bn
The P&C combined ratio improved to 94%, while premiums rose by 6.9% to EUR25bn.
Abbie Day
,
15 November 2024
Bermuda
Aspen Q3 CoR up 2.5 points to 95.2% driven by reinsurance cat losses
Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene.
Kyoung-son Song
,
14 November 2024
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
London market
Chancellor to confirm captive insurance consultation in Mansion House speech
Insurance will be one of five priority growth opportunities in financial services.
Fiona Robertson
,
14 November 2024
Casualty treaty
Berger will sleep ‘ridiculously well’ following $2.4bn reserve strengthening
The additions included significant reserve bolstering for recent year portfolios 2021-2023.
Abbie Day
,
14 November 2024
Capital raising
Flux Syndicate 1985 stamp increases 79% to £226.8mn for 2025
Acrisure’s syndicate launched in 2023 with an $84.4mn stamp.
Rachel Dalton
,
14 November 2024
Talent
SiriusPoint marine head and Syndicate 1945 active Smyth resigns
Under his leadership SiriusPoint has established partnerships with several marine MGAs.
Samuel Casey
,
14 November 2024
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