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HDI Global posts 95.7% 2022 CoR despite EUR270mn cat losses
GWP rose by 17.9% to EUR8.9bn, with premium income now almost double 2018 levels.
Samuel Casey
,
21 March 2023
Perils pegs Turkey earthquake losses at $3.4bn
The devastating quake left more than 50,000 dead and destroyed 160,000 buildings in Turkey.
Samuel Casey
,
21 March 2023
Q4 results: Disclosed Ian losses fall, but Russia-Ukraine reserves rise
This publication’s tally of disclosed insured losses resulting from Russia’s invasion has increased 18% to $3.1bn.
Ben Wylie
,
21 March 2023
Scor Syndicate reports 90.1% 2022 CoR and makes three key hires
Kayley Stewart joins from Fidelis, and Yvonne Ledger and Kate Carrett are joining the environmental liability team.
Samuel Casey
,
20 March 2023
Acrisure Re hires Ed Broking’s Jones for marine and space role
The appointment of Chris Jones comes amid wider staff movement among Ardonagh’s intermediary firms, as the group consolidates its array of brands.
Samuel Casey
,
20 March 2023
Gard’s ‘stellar’ marine, energy result due to ‘extraordinary’ year: Roppestad
Gard’s best underwriting results in 15 years was driven by the “extraordinary” lack of large losses in its commercial marine and energy business last year, according to CEO Rolf Thore Roppestad.
Samuel Casey
,
20 March 2023
AM Best upgrades Kelvin Re’s financial strength rating to B++
The upgraded rating reflects the reinsurer’s balance sheet strength, assessed as very strong.
Abbie Day
,
20 March 2023
Ariel Re promotes Morgan to SVP of property reinsurance
Sarah Morgan has been with the reinsurer since 2006 and will continue to be based in Bermuda.
Abbie Day
,
20 March 2023
Marco and Markel £200mn LPT to include unsettled claims
The LPT covers both settled and unsettled claims, taking on “a lot of variability” and potential exposure in terms of the reserve, Marco said.
Abbie Day
,
20 March 2023
Axa confirms EUR600mn exposure to Credit Suisse
The French carrier is exposed to the troubled bank via various bonds.
Rachel Dalton
,
20 March 2023
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