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Validus pre-tax results swung to $317mn profit in first nine months of 2023
Additional disclosure following the RenRe acquisition reveals results for both carriers for the nine months to 30 September last year.
Rachel Dalton
,
12 January 2024
Wakam SIAB shuttered after less than a year
The syndicate is expected to complete an RITC process by late 2025.
Catrin Shi
,
12 January 2024
Intact Financial estimates C$200mn of cat losses in Q4
More than three-quarters of the losses came from the firm’s UK&I line of business.
Jai Singh
,
12 January 2024
WR Berkley sues reinsurers for $90mn to recoup Covid losses
The syndicate is suing its reinsurers to cover Covid-19-related claims in California, Colorado, Florida, Illinois, Nevada, New York and the UK.
Aisling Finn
,
12 January 2024
Insurers likely to incur ‘notable’ cost due to European floods: Aon
Wind and tornado in the US may already have led to losses in the hundreds of millions, according to Aon’s report.
Jai Singh
,
12 January 2024
Moody’s RMS pegs Japan earthquake losses at $3bn-$6bn
The loss estimate includes property damage, contents and BI insurance across residential, commercial and industrial lines.
Aisling Finn
,
12 January 2024
Gallagher Re hires Bonke from Siemens Gamesa as renewables practice leader
Siemens Gamesa is one of the world’s leading renewable energy manufacturing companies.
Samuel Casey
,
12 January 2024
Ryan Specialty’s PerSe launches international arm
A trio of underwriters from GCube will lead the business.
Rachel Dalton
,
12 January 2024
The Week in 90 Seconds: Red Sea tensions; Meyenhofer at PartnerRe; Top-layer 1.1 softening
Plus the latest people moves and all the top news of the week.
Abbie Day
,
12 January 2024
ILS demand from European sponsors to grow in 2024: Delacroix
The head of the ILS international team at Gallagher Securities Europe expects ILS issuance in the region to grow following rises in the European Central Bank rate.
Liz Bury
,
11 January 2024
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