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Aspen reports UW income of $190mn and 93% combined ratio for 2022

The Bermudian carrier reported GWP of just over $4.3bn in 2022, a 10% increase on the year prior.

Aisling Finn, 20 April 2023
Argo shareholders approve $1.1bn Brookfield Re buyout

The companies expect to complete the transaction in the second half of the year, subject to regulatory approvals and customary closing conditions.

Jairo Ibarra, 19 April 2023
Fairfax buys Kipco’s 46.3% stake in Gulf Insurance for $860mn

With the deal, the Canadian conglomerate will boost its ownership interest in the Middle East carrier to 90%.

Jairo Ibarra, 19 April 2023
AM Best affirms A- financial strength rating for SiriusPoint

The affirmation follows an SEC filing by activist investor and Third Point Re founder Dan Loeb last week, in which he disclosed intentions to take the company private.

Kyoung-son Song, 19 April 2023
Nat cat insured losses hit $22bn in Q1 2023: Gallagher Re

In the first quarter of the year, the total global economic loss for all natural hazards was estimated at $77bn.

Aisling Finn, 19 April 2023
Aviation stalwarts Weyman and Smith sign up for five more years at AJG

The two have been at Gallagher since 2019, when the firm clinched the acquisition of JLT Aerospace.

Adam McNestrie, 19 April 2023
Hannover Re becomes third carrier to leave Net Zero Insurance Alliance

Hannover Re has followed Zurich and Munich Re in announcing its departure from the Net Zero Insurance Alliance, though it offered no explanation for its decision.

Marcel Le Gouais, 19 April 2023
WTW to launch in natural resources fac with five-strong GC team led by Burford

The move marks a return to growth in fac for the broker after heavy talent attrition during Aon’s attempted takeover.

Samuel Casey, 19 April 2023
Renewals delivering on expectation of better future returns in 2023: Aon

Aon expects depleted shareholder equity to be restored over time via higher retained earnings and the ‘pull-to-par’ effect of bonds approaching maturity.

Ayesha Venkataraman, 19 April 2023
Lloyd’s updated war exclusions ‘consistently misrepresented’: CFC’s Burns

James Burns, head of cyber strategy at CFC, said updated war exclusions could be beneficial for policyholders if properly defined.

Aisling Finn, 19 April 2023

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