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QBE increases H1 cat budget to $700mn

The carrier said it anticipated central estimate developments of around $180mn, including $40mn of crop adverse development.

Aisling Finn, 20 July 2023
Nardac looks to unlock mid-market US solar risks with new coverholder

The community solar binder is led by Canopius, targeting $2mn-$20mn solar projects.

Samuel Casey, 20 July 2023
Analysis: UK’s $21bn InsurTech ecosystem has cemented global position – McKinsey

The UK has the highest number of InsurTechs per capita among all major world economies, a new report from McKinsey has found.

Aisling Finn, 20 July 2023
Fronting carriers suggest premium funds will mitigate Vesttoo exposure

Fronting companies typically hold premiums in reserve meaning that credit exposure to letters of credit on Vesttoo transactions should only be required in the event of deteriorating losses.

Fiona Robertson, 19 July 2023
Legacy carrier Darag inks deals with two North American captive insurance companies

The transactions were written into Darag Bermuda and offer full legal finality for the US workers’ compensation book of the latter and the US workers’ comp and automotive liability books of the former.

Shelby Rosenberg, 19 July 2023
New Zealand’s Tower exhausts NZ$39.5mn of annual NZ$50mn large-event budget

The carrier’s claims ratio has deteriorated despite an increase in motor premiums.

Samuel Casey, 19 July 2023
Sompo International takes Axis’s Godfrey for cargo in latest marine move

The underwriter specialises in business including commodity traders, petrochemical risks and African business.

Samuel Casey, 19 July 2023
Bain Capital Insurance closes first PE fund at $1.15bn

The vehicle will focus on middle-market transactions in the US and Europe across the insurance value chain.

Rachel Dalton, 19 July 2023
Aviva predicts £700mn H1 operating profit and lays out IFRS 17 impact

New accounting standards impact the timing of when profit emerges on a contract.

Samuel Casey, 19 July 2023
Howden adds Crook and Hawkins to aviation team

The pair will be based in London and report to Jason Humphreys, global head of aviation.

Aisling Finn, 19 July 2023

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