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Canopius Group posts 93.6% CoR for 2022 as GWP reaches $2.34bn
For its regional divisions, the carrier reported combined ratios of 84% for the US and Bermuda along with 96% for the UK.
Aisling Finn
,
29 March 2023
Beazley working on standalone cyber war product in market first
The new product is being developed to meet client demand for the coverage as the Lloyd’s market prepares to exclude cyber war as a peril from 31 March.
Catrin Shi
,
29 March 2023
Sampo Group proposes demerger of P&C arm and Mandatum
The Nordic company plans to hive off its wealth management, savings and personal lines business.
Rachel Dalton
,
29 March 2023
Marsh McLennan adds two directors in board refresh
The executives bring diverse management experience from energy, motor, publishing and agriculture.
Samuel Casey
,
29 March 2023
Specialty chief Merton exits TMK after over two decades
The underwriting head joined RJ Kiln in 2001.
Rachel Dalton
,
29 March 2023
Pen Underwriting enters IP insurance with Alsegard hire
Erik Alsegard joins from Gallagher, where he helped establish the broker’s IP specialism.
Aisling Finn
,
29 March 2023
Legal dispute on proximate cause latest in series of ‘pro-policyholder decisions’
Mactavish research has found that commercial policyholders are now more than three times as likely to sue their insurers to get their claims paid.
Ayesha Venkataraman
,
29 March 2023
Latest CDR and MRC published as milestones for Blueprint Two
Brokers must begin producing MRC v3 compliant contracts by 30 September.
Marcel Le Gouais
,
29 March 2023
IAG names Thorpe as non-executive director
Wendy Thorpe previously held senior roles in technology and operations at Axa, ANZ and AMP.
Aisling Finn
,
29 March 2023
London D&F market ‘best it’s ever been’ for underwriters ahead of 1.4 renewals
London D&F underwriters are seeing rate rises of 20% on average amid surging in-flows of new US business ahead of the key 1 April renewals.
Aisling Finn
,
29 March 2023
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