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Tokio Marine to halt writing new Cali HO business, targets June 2026 personal lines exit

Sources said the Japanese insurer will pull back from the California personal auto market in June 2025 as it is set to exit the state’s admitted personal lines market on June 1, 2026.

Jairo Ibarra, 13 July 2023
Cyber attackers to favour data theft over extortion: CyberCube

Ransomware attacks are increasing in frequency yet becoming less effective or financially viable for threat actors, according to cyber threat intelligence principal William Altman.

Abbie Day, 13 July 2023
Westfield buyout of Syndicate 1200 blocked by two third-party investors

The company’s offer of 62.5p per £1 of capacity is above an independent valuation of 45p, as further details emerged on changes to the syndicate’s business plan.

Rachel Dalton, 13 July 2023
Shortlist announced for Insurance Insider Honours 2023

The awards recognise outstanding achievement in the London market and reinsurance.

Ayesha Venkataraman, 13 July 2023
Munich Re promotes Beckmann to casualty CUO for Lloyd’s and Bermuda

Lucas Beckmann has spent just over 15 years at Munich Re in several senior roles.

Aisling Finn, 13 July 2023
Boorman’s financial lines MGA Kayzen Specialty launches with £10mn capacity

The business will offer products including commercial financial lines, financial institutions and investment management insurance.

Samuel Casey, 13 July 2023
QBE appoints former Axis Insurance CEO Wilson as non-executive director

Peter Wilson brings more than 40 years’ experience in the insurance industry.

Abbie Day, 13 July 2023
Ryan Specialty promotes D’Onofrio and Alvin within National Programs

The pair will retain their leadership roles for MGUs WKFC, CorRisk and AgRisk.

Rachel Dalton, 13 July 2023
SiriusPoint promotes Leonardo to global head of A&H

The underwriter replaces Stuart Liddell, who is leaving the business.

Rachel Dalton, 13 July 2023
Opinion: Axa XL Re – Divestment options for a reluctant parent

It didn’t take long after the Validus-RenRe deal for the next possible reinsurance consolidation target to emerge.

Fiona Robertson, 13 July 2023

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