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‘Dampening effect’ from updated war exclusions dissipating: Beazley’s Cox

Beazley CEO Adrian Cox told investors the carrier's cyber expectations remained “unchanged” for the year, despite predicting a slowing of growth into Q2.

Aisling Finn, 12 May 2023
Allianz P&C profit up 22.7% to EUR1.87bn as cat impacts fall

AGCS reported an 11% improvement to operating profit, reaching EUR202mn.

Rachel Dalton, 12 May 2023
IRB Brasil agrees to civil injunction to settle SEC fraud charges

The Brazilian reinsurer agreed to pay $5mn in compensation to the US Department of Justice to resolve a fraud probe.

Ayesha Venkataraman, 12 May 2023
Skuld posts $15mn technical result in 2022/23 with 97% combined ratio

The marine insurer said that it benefited from a benign claims year and reduced large losses.

Samuel Casey, 12 May 2023
QBE erodes 90% of H1 cat allowance in Q1 with $480mn in net cat claims

The firm noted prior-year development on cat events that primarily occurred in late 2022.

Liz Bury, 12 May 2023
Kent showed ‘extraordinary leadership’ at Gallagher Re: Tom Gallagher

The outgoing CEO will now retire from the company rather than taking up a group carrier relationship role.

Adam McNestrie, 12 May 2023
Hiscox names Boucher independent non-executive director

Beth Boucher is non-executive director, audit committee member and chair of the nomination and remuneration committee at Coforge.

Ayesha Venkataraman, 12 May 2023
Outgoing Gallagher Re CEO Kent to leave AJG and expected to retire from sector

Tom Wakefield will formally become CEO of Gallagher’s reinsurance broking unit on 1 June, reporting to EMEA CEO Simon Matson.

Adam McNestrie, 12 May 2023
Beazley grows Q1 GWP 12%, confirms ‘high 80s’ combined-ratio target

The carrier attributed its growth to a 56% increase in its property risks and 24% increase in its cyber business in the first quarter of the year.

Aisling Finn, 12 May 2023
Scor P&C’s Q1 CoR improves by 12.6 points as cat and attritional losses recede

The carrier continued to rebalance its portfolio towards specialty at 1.1 and 1.4.

Rachel Dalton, 12 May 2023

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