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Insurance firms have 20% higher chance of failure due to Solvency II reforms: BoE

The annual risk of failure for life insurance firms increases from 0.5% to 0.6% using the government’s proposed reforms.

Aisling Finn, 06 March 2023
Gallagher Re acquires London market binder broker Bay Risk

Bay Risk will become part of Gallagher Re’s Global Programmes practice group, led by Andrew Moss.

Ayesha Venkataraman, 06 March 2023
Legacy market increasingly taking on more recent underwriting years: Compre CEO

Last week, SiriusPoint and Compre signed an LPT deal covering $1.3bn of reserves.

Abbie Day, 06 March 2023
Ariel Re raises $270mn for 2023 growth and utilises London Bridge 2

The carrier becomes the first syndicate to use the new London Bridge structure.

Samuel Casey, 06 March 2023
TMK appoints Green as aviation war head

Will Green will report to head of aviation David Slevin, as well as Lisa Leahy, head of airlines, and Graham Oddie, head of general aviation and aerospace.

Aisling Finn, 06 March 2023
PPL Next Gen platform goes live after delays

The launch date for PPL’s Next Gen platform was pushed back as the team fixed final defects.

Abbie Day, 06 March 2023
InsurTech Insights: Weaponising AI against ‘valueless’ tasks in the value chain

At the InsurTech Insights Europe event last week, experts explored how AI is on the brink of being commoditised in underwriting.

Aisling Finn, 06 March 2023
Enstar promotes CFO Gregory to president as O’Shea retires

In tandem, the company elevated David Ni as chief strategy officer, Paul Brockman as chief operating officer and Matthew Kirk as chief financial officer.

Kyoung-son Song, 06 March 2023
Aircraft engines lessor sues insurers over ~$90mn losses from Russia-Ukraine war

The lawsuit argues that one engine that was leased out in Ukraine and 16 engines that were leased out in Russia have suffered physical loss or damages.

Jairo Ibarra, 03 March 2023
Tesla investor day, insurance, and the promise of embedded solutions

Tesla understands the data-driven nature of insurance and is looking to grow its auto insurance exposure, but the focus is on cars first

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, 02 March 2023

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