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The Week in 90 Seconds: Lloyd’s bullying; London wholesale broking thunderheads

Plus all the latest executive moves and the top news of the week.

Marcel Le Gouais, 12 May 2023
Chubb names Mason as EVP of casualty international general insurance operations

The executive will be responsible for the growth and profitability of the carrier’s casualty lines in 51 countries and territories outside North America.

Kyoung-son Song, 11 May 2023
Amynta completes $400mn Ambridge takeover

The transaction, which was announced in early January, included Ambridge’s operations in the US, UK and Germany.

Jairo Ibarra, 11 May 2023
Chaucer signs up to UN Principles for Sustainable Insurance

Signatories of the UN’s PSI must abide by four key principles, including embedding insurance-related ESG issues into decision-making.

Aisling Finn, 11 May 2023
Canopius appoints Bare as group risk director

Charity Bare joins from Nephila Syndicate Management Limited, where she spent five years as director of risk and compliance.

Abbie Day, 11 May 2023
Ex-HDI Global Specialty hull chief Boyd joins Lloyd’s Market Association

The LMA runs numerous influential marine committees, which work on producing wordings and highlighting coverage issues.

Samuel Casey, 11 May 2023
Vesttoo targeting $1.5bn-$2bn valuation with Series D funding round

The non-catastrophe ILS platform hit a valuation of $1bn after a Series C funding round.

Samuel Casey, 11 May 2023
Lloyd’s underwriting directorate at centre of bullying investigation

The Corporation appointed two barristers to examine the behaviour of five employees within the underwriting directorate.

Catrin Shi, 11 May 2023
Hannover Re trims combined ratio to 92.3% as P&C re profits grow 56%

The reinsurer said its P&C re division is on track to contribute at least EUR1.6bn to its full-year operating result at year-end.

Aisling Finn, 11 May 2023
Opinion: London insurer IPO prospects driven by more than LSE reforms

Reforms to the UK listing regime may enhance prospects of an insurance firm opting to IPO in London in future, but several broader problems, including liquidity issues, will also affect such a decision, according to industry sources.

Marcel Le Gouais, 11 May 2023

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