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A festival of insurance lessons and carols

The choir of the London market spreads some festive cheer about their hopes for the year ahead.

Samuel Casey, 22 December 2023
BMA undertakes review into R&Q Legacy and pauses approving legacy deals

The regulator has also paused the redemption of the company’s $20mn Tier 2 floating-rate subordinated notes.

Samuel Casey, 22 December 2023
Ark renews $250mn Outrigger Re sidecar with greater share of third-party capital

The renewal included $130mn from White Mountains, considerably less than the $205mn Ark’s parent kicked in for 2023.

Shelby Rosenberg, 21 December 2023
Ryan Specialty seals deal to buy MGU Castel from Arch

The deal follows this publication’s report that the Bank of America-run sale process of Castel was drawing robust interest.

Jairo Ibarra, 21 December 2023
GA Telesis wins full settlement against NSK for planes grounded in Russia

Thursday’s announcement means that the Russian insurer is off the hook for claims proceedings.

Shelby Rosenberg, 21 December 2023
Aon Re boosts Miami treaty, advisory with Swiss Re’s Futterknecht, Southbridge’s Carrillo

Separately, sources said Swiss Re Miami-based head of auto overseeing the motor portfolio for the LatAm region Carlos Ricci has also left the reinsurer.

Jairo Ibarra, 21 December 2023
UK-Switzerland deal grants brokers Swiss market access without local office

The provision was made as part of the Berne Financial Services Agreement signed by Chancellor Jeremy Hunt today.

Samuel Casey, 21 December 2023
Ebix Europe unaffected by US-based entity’s Chapter 11 arrangement

Business will continue as usual, with the PlacingHub platform still expected to go live in January, the technology firm said.

Jai Singh, 21 December 2023
US public D&O market ‘unhindered by logic’: TransRe

This publication recently noted that ongoing rate declines and questions about past accident years are leading to calls for D&O price discipline.

Thorsten Schier, 21 December 2023
Casualty reinsurer tactics diverge as ceding commissions trimmed only slightly

The lack of momentum reflects on a general belief that underlying casualty business is well-priced for current years.

Rachel Dalton, 21 December 2023

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