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Axa XL reports 33% increase in earnings for H1 2023

The carrier reported premium growth across its Axa XL insurance and reinsurance business units.

Aisling Finn, 03 August 2023
Opinion: Beazley and Lancashire E&S launches underscore Lloyd’s competitive challenge

Beazley and Lancashire’s plans to launch US units exemplify wider competitive challenges that the market must overcome to thrive.

Rachel Dalton, 03 August 2023
SiriusPoint CoR falls 11.2 points to 81.9% on higher reserve releases after LPT

The LPT SiriusPoint struck with Compre was reduced to $905.6mn from $1.3bn as a result of paid losses and favourable prior-year reserve development.

Jairo Ibarra, 02 August 2023
Carlyle tests waters for minority investor in giant claims manager Sedgwick

Sources said the private equity house is working with Bank of America and has approached institutional capital including PE firms and sovereign wealth funds.

Adam McNestrie, 02 August 2023
Ardonagh Specialty hires Aon’s Manwaring and Taylor for Price Forbes real estate launch

The recruitment continues a period of expansive hiring for the intermediary.

Rachel Dalton, 02 August 2023
Powell Brown calls on industry to do more on mental health

The Brown & Brown CEO will cycle 470 miles in seven days through the Alps, climbing 66,000 feet, with his brothers.

Adam McNestrie, 02 August 2023
Axis repositioning in D&O as US public pricing generally inadequate: Tizzio

Market conditions remain “vibrant” with substantial rate increases in property business.

Samuel Casey, 02 August 2023
Vesttoo fallout extends to purported Standard Chartered letters of credit

Issues with faked letters of credit are not limited to one banking provider, sources said.

Fiona Robertson, 02 August 2023
Tysers Miami VP Camacho departs as broker restructures LatAm operation

Tysers’ pullback comes as other broking firms have expanded their LatAm operations via M&A or strategic hiring in recent years.

Jairo Ibarra, 02 August 2023
AIG to ‘likely’ buy ADC to minimize reserve exposure in Validus book: CEO Zaffino

AIG decided to buy additional retrocessional protection for Validus Re and a low XoL reinsurance placement for its Private Client Group (PCG) ahead of the wind season.

Jairo Ibarra, 02 August 2023

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