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Progressive books $722mn cat loss for May from Texas, Midwest storms
The losses added 12.3 points to the firm's 100.4% CoR.
Kyoung-son Song
,
14 June 2024
AM Best upgrades Folgate’s financial strength rating
The ratings agency has upgraded the carrier’s financial strength rating from B to A-.
Aisling Finn
,
14 June 2024
Moody’s RMS pegs Central European flood losses at EUR2bn-EUR3bn
The loss follows the pattern of 2002 and 2013 European flooding.
Rachel Dalton
,
14 June 2024
Insurance Europe appoints Lloyd’s Neal and Scor’s Léger to advisory board
Léger will work as chair and Neal as vice-chair of the reinsurance advisory board.
Samuel Casey
,
14 June 2024
WeFox investor Mubadala proposes Ardonagh sale: Reports
The deal would value WeFox at around EUR550mn.
Aisling Finn
,
14 June 2024
Aon Underwriting Managers CUO Walsh to depart for Ardonagh
Dan Walsh has led Aon Client Treaty for the past six years.
Rachel Dalton
,
14 June 2024
The Week in 90 Seconds: R&Q liquidation, UAE solar loss, Ransomware legislation
A rundown of the main stories of the week.
Aisling Finn
,
14 June 2024
UK sanctions Russian carrier Ingosstrakh and cracks down on shadow fleet
The carrier is part owned by Italian insurer Generali, although it has frozen its stake.
Samuel Casey
,
13 June 2024
Arch Capital exploring reinsurance-focused syndicate at Lloyd’s
A standalone syndicate could offer capital, trading, and licensing advantages.
Adam McNestrie
,
13 June 2024
Argo shelves sale of Bermuda excess insurance business
The business – which writes professional liability, excess casualty and property - was marketed by investment bank RBC.
Adam McNestrie
,
13 June 2024
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