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Conduit Re posts 83.1% combined ratio for H1 as premiums grow to $542mn

The carrier reported a comprehensive result of $78.6mn – its first interim profit.

Rachel Dalton, 26 July 2023
Vesttoo: ‘Appears procedures were circumvented’ following LOC controversy

The firm said it will use the results of an analysis being conducted by experienced investigators to "take appropriate measures”.

Jairo Ibarra, 26 July 2023
RenRe Q2 CoR climbs 2 points to 80.3% as property segment sees cat impact

Large loss events resulted in a net negative impact of $68.5mn on the property segment’s Q2 underwriting results.

Kyoung-son Song, 25 July 2023
AM Best places Clear Blue ratings under review with negative implications

The ratings agency is currently in discussions with Clear Blue’s management regarding the company’s ability to replace certain programs or letters of credit.

Kyoung-son Song, 25 July 2023
AM Best to review fronting company collateral arrangements

The agency said it will take rating actions where warranted.

Rachel Dalton, 25 July 2023
Initiative with Allianz Trade launches to unlock liquidity for trade finance market

The liquidity will come from institutional capital, banks and credit funds, facilitated by Trade Finance Global and its partners, including Allianz Trade.

Abbie Day, 25 July 2023
Impact of banking crisis on FI ‘negligible’ as premiums fall: Gallagher

Double-digit rate decreases are common in the class of business despite macroeconomic headwinds.

Samuel Casey, 25 July 2023
Lockton names WTW’s Rowley as NA property head

Rowley joins the broker after nearly five years at WTW, where he was most recently head of North American property.

Aisling Finn, 25 July 2023
CyberCube: 67% of 377 MoveIt victims were US-based entities

CyberCube found 2,890 vulnerable MoveIt managed file transfer (MFT) deployments mapped to companies in 75 countries at the end of June.

Jairo Ibarra, 25 July 2023
Conduit Re adds investor relations specialist as non-executive director

Rebecca Shelley has worked in investor relations and communications roles at Norwich Union, Prudential and Tesco.

Samuel Casey, 25 July 2023

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