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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
Lloyd’s Underwriting Room ground floor to close for two months amid upgrade plans
Ground floor boxes are set to be reallocated based on recent footfall.
Samuel Casey
,
22 March 2023
AIG streamlines leadership as Price exits
The group CUO role is being eliminated with the function pushed back into the regions and specialties.
Adam McNestrie
,
22 March 2023
FCA approval times improving but still below target
The regulator has faced criticism over its approval times and operations, and it has since invested in extra staff.
Samuel Casey
,
22 March 2023
Cat losses of $125bn in 2022 fourth-highest on record: Swiss Re
The reinsurer said cat reinsurance rates hit a 20-year high, driven by losses, inflation and financial markets.
Samuel Casey
,
22 March 2023
Ariel Re promotes 12 staff across London and Bermuda offices
The promotions cover a range of roles from underwriting and accounting to analytics and portfolio management.
Aisling Finn
,
22 March 2023
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