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Skuld lands Liberty’s Becker for London hull

Competition for talent has led to high levels of staff displacement in the marine hull market.

Samuel Casey, 15 November 2023
Amwins completes $1bn recapitalisation deal

After the transaction completes, the employee shareholder group will own 40% of Amwins and remain the company's largest single shareholder.

Aisling Finn, 15 November 2023
Lloyd’s nears deal to secure One Lime Street until 2041: report

The new contract will include annual rent increases of 3%-5%.

Rachel Dalton, 15 November 2023
AI outperforms conventional forecasting at weather prediction

Google DeepMind developers recently said in a peer-reviewed paper that the model "marks a turning point in weather forecasting”.

Abbie Day, 15 November 2023
Marsh, Lloyd’s insurers and Ukraine government launch Black Sea grain facility

Unity will provide $50mn of coverage supporting the export of grain and other commodities.

Samuel Casey, 15 November 2023
Rokstone launches Allianz-backed sports and prize indemnity facility

The new facility will be able to write line sizes of $20mn and above.

Aisling Finn, 15 November 2023
US suffers 25 $1bn disasters during first 10 months of 2023: NOAA

The number of disasters costing $1bn or more during the period is the highest on record.

Rachel Dalton, 15 November 2023
Space facing a trek back to profitability as 2023 losses mount

Rates are said to be doubling across the board as losses for 2023 top $1bn, resulting in a loss ratio of around 150%.

Aisling Finn, 15 November 2023
Starboard exits WTW two years after building a stake

SEC filings show that, in Q3, the activist shareholder liquidated its remaining 508,880 shares in WTW — worth around $120mn at the end of Q2.

Jairo Ibarra, 15 November 2023
Hamilton books $80.6mn IPO net proceeds to capitalise on hard P&C cycle

As this publication previously reported, the IPO pricing came in under book value but has still narrowed the gap on predecessor Fidelis, listing at 0.9x book value vs Fidelis’ 0.8x.

Jairo Ibarra, 14 November 2023

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