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The Week in 90 Seconds: Vesttoo replaces CEO; Hard market messages; PPL problems
If you only read a handful of stories this week, make it the selection below.
Marcel Le Gouais
,
11 August 2023
Underwriting conditions ‘favourable for foreseeable future’: Lancashire CEO
Lancashire group CUO Paul Gregory added that Q2 2023 marks the 22nd consecutive quarter of positive rating momentum.
Abbie Day
,
11 August 2023
Tysers Singapore CEO Drury exits amid international turnaround
The executive has extensive experience in the reinsurance broking sector both in Asia and London, having worked for Aon Benfield, Cooper Gay and Willis Re in the past.
Jairo Ibarra
,
10 August 2023
Insurance M&A drops over H1, but lull will be short-lived: Clyde & Co
The Americas saw the largest fall in M&A activity over the first half of 2023.
Jai Singh
,
10 August 2023
QBE International posts 93.2% CoR for H1 as group EPS soars
The international unit experienced an average renewal premium rate increase of 9.4% during the first half.
Abbie Day
,
10 August 2023
AGCS profits up 64% in Q2 to EUR277mn with nat cats favourable
The commercial lines unit increased premiums by 7%, with rate rises up 7% year to date.
Samuel Casey
,
10 August 2023
Amwins Global Risks appoints Catchpole as divisional director
Natasha Catchpole previously headed up the product recall team at CFC.
Abbie Day
,
10 August 2023
Hard market in reinsurance to run into 2025: Munich Re’s Wenning
The executive also lambasted the growing tide of corporate regulation in Germany and the EU.
Samuel Casey
,
10 August 2023
Zurich's H1 P&C profit drops by 5.5% to $2.25bn
The carrier's combined ratio in P&C operations rose by 1.3 percentage points over the period, to 92.9%.
Abbie Day
,
10 August 2023
Beazley CFO Lake to step down in 2024
Sally Lake has spent 18 years at the carrier, including the last five as CFO.
Aisling Finn
,
10 August 2023
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