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Rokstone Construction MGU launches follow-form excess programme

The MGU has secured up to $10mn follow-form capacity on a non-admitted basis to cover general liability on complex construction projects in the US.

Aisling Finn, 23 August 2023
WTW head of broking Coffin retires after 32-year career

Coffin will be succeeded by Stuart Ashworth as head of broking & market engagement.

Abbie Day, 23 August 2023
Chaucer takes Argenta’s Bagnall for natural resources division

The carrier is hiring in its energy team following the resignation of natural resources head James Brown.

Samuel Casey, 23 August 2023
Small, local insurers likely to fare the worst from Maui wildfires: AM Best

Large carriers with geographic spread across the continental US will have the capital and reinsurance coverage to absorb losses related to the wildfires, according to AM Best.

Abbie Day, 23 August 2023
AGCS hires Scor’s MacDonald Milner for onshore energy as Feehan joins Everest

Downstream underwriters have been pushing for rate this year following high claims activity in 2022.

Samuel Casey, 23 August 2023
Miller appoints Cross as head of facultative reinsurance in Asia

The broker has also expanded the role of recently appointed Matthew Hooker to leading Miller’s client engagement strategy.

Abbie Day, 23 August 2023
The LMG’s Futures Academy demonstrates the power of collaboration on young talent

The project shows that a well-designed and accessible market-wide effort to think outside the box on recruitment could be rewarding for the entire sector.

Rachel Dalton, 23 August 2023
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
Lower H1 cat losses reflect Aspen’s book reposition: CEO Cloutier

Insurance's GWP decline was driven by a couple of programs that were underperforming, while reinsurance's deceleration was driven by a deliberate slowdown in the mortgage book.

Jairo Ibarra, 22 August 2023
Munich Re remained largest reinsurer in 2022: AM Best

AM Best said market hardening was likely to continue through 2024, given global market conditions.

Samuel Casey, 22 August 2023

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