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MGAs/MGUs
Ryan Specialty Underwriting Managers appoints Rayner intl CUO
Ben Purkiss has joined the company from Coverys as head of business development.
Samuel Casey
,
15 October 2024
Digests
Daily Digest: Top news from 15 October
A roundup of all the news you need today, including KCC’s estimate of insured losses from Hurricane Milton.
Insurance Insider
,
15 October 2024
Reinsurers
KCC pegs Hurricane Milton insured losses at ~$36bn
The estimate includes private cover for residential, commercial and industrial property.
Rachel Dalton
,
15 October 2024
London market
Opinion: Action supplanting rhetoric to address challenged D&O class
It will take more carriers to rein in income expectations to halt the soft market spiral.
Samuel Casey
,
15 October 2024
London market
Ark continues marine liability expansion with Howden’s Murray
The broker will join the marine liability team within the new Ken Syndicate 3832.
Samuel Casey
,
14 October 2024
Bermuda
Grandisson’s Arch tenure in five charts
Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
Ben Wylie
,
14 October 2024
Catastrophe losses
Moody’s RMS pegs insured loss estimate for Helene and Milton at $35bn-$55bn
RMS will issue its final loss estimates for Milton later this week.
Kyoung-son Song
,
14 October 2024
Re/insurers
Arch Capital makes Papadopoulo CEO as Grandisson retires in shock exit
The executive has been group CUO since 2021.
Rachel Dalton
,
14 October 2024
Reinsurers
GIC Re regains A- financial strength rating from AM Best
The ratings agency said the upgrade reflects an improvement in GIC Re’s balance-sheet strength.
Abbie Day
,
14 October 2024
London market
PPL books £5.8mn 2023 loss and confirms plans for Lloyd’s stake in HoldCo
Lloyd’s is to take a 75% stake in PPL Technologies Group.
Marcel Le Gouais
,
14 October 2024
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