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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
PPL completes first major upgrade to Next Gen platform

PPL said release 2.0 of the Next Gen placing platform contains more than 100 changes including a new quote functionality.

Marcel Le Gouais, 22 August 2023
Vesttoo hits back at BMA/White Rock move to appoint liquidators

Vesttoo has filed documents at the Bankruptcy Court for the District of Delaware that seek an automatic stay against White Rock and its putative liquidators.

Liz Bury, 22 August 2023
Aspen reports 83.8% combined ratio for H1 as GWP dips 10%

Net income increased to $219mn over the period, up from $48mn in the same period last year, while underwriting income increased by 33% to $208mn.

Aisling Finn, 22 August 2023
HDI Global reports improved combined H1 ratio of 93.1%

Insurance revenues rose by 10% to EUR4.2bn, the carrier has reported.

Abbie Day, 22 August 2023
California insurers must cover mudslide loss post-Hilary: Commissioner

Homeowners’ and commercial insurance policies typically exclude floods, mudslides, debris flow and other similar disasters unless directly or indirectly caused by a recent wildfire.

Jai Singh, 22 August 2023
Lloyd’s to fully reopen Underwriting Room on 18 September

The Room has undergone refurbishment over the summer, and the ground floor will have a new layout.

Samuel Casey, 22 August 2023
RLI's Chilson to join Argo Surety as president

The appointment follows that of Williams and Drakontaidis as head of contract surety and head of commercial surety respectively.

Abbie Day, 22 August 2023
Coalition adds MS Amlin’s Wynne Davies to special projects team

In his new role, John Wynne Davies will be responsible for developing Coalition’s strategy in the UK.

Aisling Finn, 22 August 2023

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