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Markel International enters surety market

Markel International has launched a surety offering following the appointment of Damian Manning to head up the new team.

Charlie Thomas, 09 March 2017
Brit expands Versutus sidecar to $150mn

Brit has expanded the collateralised reinsurance capacity of its sidecar Versutus to $150mn, it announced today

Catrin Shi, 09 March 2017
Charles Taylor posts £14.8mn pre-tax profit

Insurance services firm Charles Taylor has reported a 4 percent increase in adjusted pre-tax profits to £14.8mn ($18mn) for the full-year 2016

Matthew Neill, 09 March 2017
Opinion: cyber market sustainability

At a gathering of London cyber market professionals earlier this week, delegates indulged in some blue-sky thinking on the future of their industry.

Catrin Shi, 09 March 2017
Aviva takes £475mn Ogden hit

Aviva has reported a pre-tax £475mn ($578mn) impact from the UK government's decision to reduce the Ogden discount rate to minus 0.75 percent, it announced alongside its annual results today

Charlie Thomas, 09 March 2017
LMG asks for assurance on post-Brexit equivalence

The London Market Group (LMG) today called for a guarantee that the London insurance market will have regulatory equivalence with the EU after Brexit

Laura Board, 09 March 2017
Ogden change pushes Novae to underwriting loss

London market carrier Novae has fallen to an underwriting loss for 2016 after the Ogden rate cut moved the company's combined ratio for the year to 103.6 percent from 98.3 percent before the change.

Matthew Neill, 09 March 2017
Hannover Re P&C profit jumps on improved underwriting

Operating profit at Hannover Re's P&C division climbed 10.5 percent to EUR447mn ($472mn) in the fourth quarter, driven by an improvement in underwriting performance.

Catrin Shi, 09 March 2017
The Hartford’s Swift wins new term as AIA chairman

The Hartford’s Chris Swift has been re-elected as chairman of the American Insurance Association (AIA), a position he first took on last year.

Ted Bunker, 09 March 2017
Markel takes $85mn reserve charge on Ogden rate

Markel has become the latest carrier to fall victim to the UK's Ogden rate change, which has plagued insurers since it was announced last week, with the company reporting that it will take an $85mn reserve charge.

Dan Ascher, 09 March 2017

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