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IGI’s Q3 CoR declines 0.8 points to 73.2% on lower cat losses
The company’s underwriting result in Q3 was also driven by higher premiums earned, which increased to nearly $109mn from over $96mn in Q3 last year.
Jairo Ibarra
,
14 November 2023
Hotel and gov claims expected to dominate Otis property losses
Aon-owned Mexican cat modeler ERN estimated Otis insured wind losses, excluding auto and infrastructure, at $1.2bn-$1.8bn.
Jairo Ibarra
,
14 November 2023
Ablett to exit QBE as firm restructures global credit and surety business
Ablett is currently QBE’s global head of trade credit and surety and has headed up its global credit team since 2018.
Abbie Day
,
14 November 2023
Argenta takes Barents Re’s Davies as cargo underwriter
The appointment comes following the resignation of Jo Reynolds, who is joining Axis.
Samuel Casey
,
14 November 2023
Canopius appoints APAC CEO Newman as UK CEO
Interim UK CEO Kate Roy will step down from the position but retain her role as group COO.
Abbie Day
,
14 November 2023
Swiss Re America and Kookmin complete $100mn LPT
Howden Tiger advised the reinsurer on the deal, which involves a portfolio of US commercial multi-peril and workers’ comp business.
Rachel Dalton
,
14 November 2023
SiriusPoint takes RSA’s Hardy as sales and distribution director
The executive will work to grow the company’s MGA proposition and expand in key international markets.
Samuel Casey
,
14 November 2023
State Farm eyes up purchasing $1bn extra limit across prop cat treaties
Carriers have been dealing with elevated storm activity this year, whilst additional purchases to match inflating values had largely been parked in 2023.
Liz Bury
,
14 November 2023
McGill and Partners promotes Vacher to global treaty head
International treaty head Angus Milgate and reinsurance partner Simon Coles will leave the business.
Rachel Dalton
,
14 November 2023
Chubb launches UK media insurance product
The newly launched offering will cover media liability, cyber, property, terrorism, casualty and legal expenses.
Abbie Day
,
14 November 2023
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