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London market
Lancashire shares up 8.4% as carrier grows GWP by 9% to $1.7bn
The carrier increased insurance revenue by 16.8% to $1.3bn year on year.
Abbie Day
,
06 November 2024
Bermuda
IGI Q3 CoR jumps to 86%, partially fuelled by heavy global cat losses
Losses were attributed to the Taiwan earthquake and flooding in Middle East and Europe.
Clark Mindock
,
05 November 2024
Talent
Guy Carpenter’s O’Dwyer-Smith exits for Oak Re
The exit follows that of Guy Carpenter’s head of cyber centre of excellence for international, Siobhan O’Brien.
Abbie Day
,
05 November 2024
Brokers
UK distributor Seventeen Group exploring minority sale
The business is being marketed off around £15mn Ebitda, sources said.
Rachel Dalton
,
05 November 2024
Commercial lines
Greenlight Re’s property book in the green in 2024 despite cat losses: CFO
The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
Kyoung-son Song
,
05 November 2024
Talent
Antares Managing Agency active underwriter Lye hands in resignation
Antares recently announced a restructure of its international entities including the launch of a UK company platform.
Rachel Dalton
,
05 November 2024
InsurTech
Global InsurTech funding set to reach $4.2bn by year end: Mapfre
Funding has reached $3.2bn over the first three quarters, 7% less than in 2023.
Abbie Day
,
05 November 2024
Legacy
RiverStone promotes Gaisford to head of M&A for UK and Europe
Nicola Gaisford joined RiverStone from R&Q last year.
Rebecca Perkins
,
05 November 2024
London market
Dale Syndicate 1729’s stamp capacity up 35.7% to £475mn for 2025
It is understood the increase is mainly due to a new professional lines team.
Rachel Dalton
,
05 November 2024
Digests
Daily Digest: Top news from 5 November
A roundup of all the news you need today, including Perils’ increased estimate for insured losses from Storm Ciaran.
Insurance Insider
,
05 November 2024
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