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Fidelis Q2 CoR improves 8.5 points to 82% in first public earnings report

Underwriting income more than doubled to $77.5mn from $32mn as the company grew its top line largely through its specialty segment, reduced reinsurance exposure and lowered catastrophe and large losses.

Thorsten Schier, 22 August 2023
BMS Re has doubled in size as Cook says ‘we need to do that again’

The broker’s reinsurance business has doubled in the past five years – but DR&P provides diversification.

Rachel Dalton, 11 September 2024
Storm Lee claims one life, leaves thousands without power

According to the National Hurricane Center, Lee made landfall at Long Island, Nova Scotia, on Saturday.

Abbie Day, 18 September 2023
November CPI: Keep the rate accelerator pressed!

Cooling CPI metrics and improving loss ratios indicate a positive shift for the personal auto industry, but results are not yet back to where they need to be.

Amit Kumar, Maria Lamberton, Husain Rupawala, 13 December 2023
Pemex upstream premiums more than treble after painful loss year

The Mexican state oil company delivered the upstream market its largest claim in 2023.

Samuel Casey, 28 June 2024
Ardonagh and Markerstudy seal deal to create personal lines giant

The deal values Ardonagh’s UK personal lines business at around £1.2bn and creates a business with millions of customers.

Adam McNestrie, 15 September 2023
Monte Carlo Hub 2023

Live from Monte: Urs Baertschi, P&C Reinsurance CEO, Swiss Re

Urs Baertschi from Swiss Re talks about the recent natural catastrophes and their impact on conversations at Monte this year.

Meg Green, 10 September 2023
Suncorp within natural-hazard allowance despite Australian storms

The insurer said it has received 19,000 claims from affected policyholders so far, with nearly 65% of these coming from customers in Queensland.

Jai Singh, 03 January 2024
Vesttoo: The red flags ‘abounded as early as 2021’

Yu Po provided 79% of supposed capacity behind the 65 transactions closed by Vesttoo since 2020.

Fiona Robertson, 08 September 2023
Lancashire H1 GWP up 26% as combined ratio takes 2-point hit

The carrier’s insurance GWP increased by 35.1%, while reinsurance GWP grew by 19.9%.

Aisling Finn, 10 August 2023

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