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Higher US reserve charges, cat losses send Argo Q2 CoR up 11.1 points to 107.3%

The US operations drove the net adverse development with a $25.4mn hit, up from $6.7mn in Q2 2022, attributable to business lines the company has exited.

Jairo Ibarra, 07 August 2023
Corinthian cites no procedural deficiencies on LOCs and signals $200mn injection

The firm has written to brokers and counterparties urging them to continue working with it to deliver solutions.

Fiona Robertson, 07 August 2023
Internal and external checks were carried out with all parties: Vesttoo

The company said it had completed ‘Know Your Customer’ checks on all parties, as the alleged fraudulent LOC crisis continues.

Samuel Casey, 07 August 2023
Inshur hires Munich Re's Rawstron as director of underwriting

Rawstron will be responsible for growing the company’s European business.

Abbie Day, 07 August 2023
Ark posts Q2 combined ratio of 89% as GWP swells 50% to $606mn

The carrier experienced three large claims in Q2 in the property and marine and energy lines of business.

Samuel Casey, 07 August 2023
Tokio Marine international profit jumps 35% to 93.2bn yen

The carrier reported increased premiums of 658.7bn yen for its non-life segment.

Aisling Finn, 07 August 2023
Howden appoints Aon's Green as executive director of property division

Green will be responsible for servicing companies across both Howden’s specialty and retail divisions.

Abbie Day, 07 August 2023
Berkshire posts P&C re premium growth of 41% to $5.9bn in Q2

The reinsurance result was boosted by the group’s acquisition of TransRe last year.

Liz Bury, 07 August 2023
APRA ‘reminds’ Australian insurers they can draw on rarely used ILS

The APRA intends to review reinsurance settings in the Australian prudential framework over the course of 2023 and the first half of 2024.

Abbie Day, 07 August 2023
US results bode well for London’s property E&S runway

The hammering of hailstorm losses that US homeowners’ carriers reported for H1 will drive positive change in property markets.

Fiona Robertson, 07 August 2023

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