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The Week in 90 Seconds: SVB collapse impact; Lloyd’s 2022 results vs peers; Japanese renewal

Plus the latest executive moves and all the top news of the week.

Rachel Dalton, 17 March 2023
Pen Underwriting in talks to buy Vessel Protect owner Tay River Holdings

The AJ Gallagher-owned MGA is looking to hit £1bn in gross written premiums.

Samuel Casey, 16 March 2023
Better female representation in finance ‘encouraging’ but not enough: Aviva CEO

The Women in Finance Charter report has shown that 71% of signatories have increased their proportion of women in senior management.

Abbie Day, 16 March 2023
Insurance non-exec directors bring home £93k per year: Damhurst

Pay for NEDs has increased by 70% since 2018 due to inflation and more contracted days, according to research.

Rachel Dalton, 16 March 2023
Hiscox launches underwriting academy following Q4 trial

The carrier said the initiative accelerates obtaining an entry-level underwriting licence by two-thirds.

Samuel Casey, 16 March 2023
Ex-Chaucer FI class underwriter Hare lands at Munich Re Syndicate

The longstanding Chaucer underwriter left when the carrier exited the FI market last year.

Samuel Casey, 16 March 2023
Insurers to increase scrutiny of investment portfolios after SVB collapse: Moody’s

Although insurers’ investment exposure to SVB is low, investors are likely to keep a close eye on their portfolios.

Abbie Day, 16 March 2023
Cyber MGA Intangic launches in UK with Axa XL backing and parametric policy

The MGA has $15mn of capacity to underwrite UK public corporations and plans to expand into the US market.

Samuel Casey, 16 March 2023
D&O and FI markets steady after anxiety over SVB collapse

The demise of the lender underlines concerns about global economic conditions and high interest rates.

Samuel Casey, 16 March 2023
AJG’s Kent to hand reins to Wakefield as he takes on group carrier relationship role

The executive will be charged with unifying carrier engagement and bringing together Gallagher’s offerings.

Adam McNestrie, 15 March 2023

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