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Claims for Cyclone Gabrielle worth around NZ$890mn: ICNZ
More than 40,000 claims have been made in relation to Cyclone Gabrelle.
Abbie Day
,
23 March 2023
FCA appoints joint executive directors for enforcement, market oversight
Therese Chambers and Steve Smart will share the role soon to be vacated by Mark Steward.
Aisling Finn
,
23 March 2023
Howden Tiger’s Ruff takes additional role of head of legacy
The appointment comes as the legacy and investment banking divisions join under common management.
Abbie Day
,
23 March 2023
CFO Keese: Lloyd’s remediation is ‘never finished’
The CFO also re-iterated his target of a 31.5% expense ratio by 2025.
Catrin Shi
,
23 March 2023
Lloyd’s has limited exposure to Credit Suisse and banking downturn: CFO Keese
Lloyd’s also clarified that its overall exposure to US regional banks is around £630mn, spread across more than 50 syndicates.
Catrin Shi
,
23 March 2023
Reinsurer P&C premiums grow by 12% on average in 2022: Gallagher Re
Global reinsurers also reported a slight deterioration of their combined ratios in 2022, with the average for the year being 95.7% compared with 94.7% in 2021.
Aisling Finn
,
23 March 2023
Lloyd’s underwriting gains led by property and casualty improvements
Specialty reinsurance profits dropped amid Ukraine war claims.
Samuel Casey
,
23 March 2023
InsurTech investors’ risk controls switch to DEFCON 1 after SVB downfall
In the aftermath of Silicon Valley Bank’s 11th-hour rescue, InsurTech investors have ramped up systemic risk controls across their portfolios amid a tightening funding landscape
Marcel Le Gouais
,
23 March 2023
Lloyd’s confirms 91.9% CoR for 2022 as CEO Neal eyes £56bn GWP for 2023
Lloyd’s has confirmed a combined ratio of 91.9% in its full-year results for 2022, following preliminary numbers that also showed an improvement in the attritional loss ratio to 48.4%.
Marcel Le Gouais
,
23 March 2023
Ardonagh Ebitda surges 22% to $476mn as it completes fifth trading year
The specialty business – which includes Price Forbes and Bishopsgate – reported 16% organic growth in an integration year.
Rachel Dalton
,
23 March 2023
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