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Pen Underwriting completes Tay River acquisition, adds £90mn GWP

The Gallagher-owned MGA is slightly ahead of target as it looks to hit £1bn GWP by 2025.

Samuel Casey, 03 April 2023
Canopius names QBE’s Harrison as CUO Duffy’s successor

Harrison spent 25 of his 30-year-long career at QBE, most recently as group chief underwriting officer, a role he held since 2021.

Aisling Finn, 03 April 2023
Aspen Syndicate 4711 trims over 41 points off combined ratio in 2022

The syndicate also reported an overall profit of £35.1mn for the year, up from a £34.3mn loss in 2021.

Aisling Finn, 03 April 2023
Swiss Re names Parton as P&C Re COO as restructured line-up confirmed

Russell Higginbotham, CEO of Swiss Re’s reinsurance solutions, has also been added to the firm’s Global Clients & Solutions executive committee.

Aisling Finn, 03 April 2023
Marsh SVP Lait to join Axa XL’s marine liability and ports team

Adam Lait is joining as senior underwriter, marine liability & ports, UK & Lloyd’s after a near-10-year tenure at Marsh.

Abbie Day, 03 April 2023
Atrium 609 posts 89% CoR with £21mn of gross Ukraine claims

The carrier has reserved a gross figure of £138.3mn for stranded Russian aircraft, but the eventual size of claim remains uncertain.

Samuel Casey, 03 April 2023
Chaucer Syndicate 1084 books 93.2% CoR amid rising cat losses

Syndicate 1084 reported an overall profit of $16.6mn compared to $129mn in 2021, as net incurred losses increased by just over $227mn.

Abbie Day, 03 April 2023
Gallagher Re’s Vickers: Expect ‘no let-up’ in reinsurers’ resolve over 2023

The broker’s international chairman said that without an influx of new capacity, the market will remain disciplined.

Rachel Dalton, 03 April 2023
Supply and demand ‘delicately poised’ at 1.4 reinsurance renewal: Gallagher Re

Renewals in established markets were more orderly than at 1 January, but smaller markets were under pressure.

Rachel Dalton, 03 April 2023
Arch Insurance International promotes Page for marine hull and war role

Following the retirement of Mark Watters, Jason Page will be responsible for managing marine and hull underwriting activities the carrier’s worldwide portfolio.

Abbie Day, 03 April 2023

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