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R&Q GWP up 80% in 2022 as it offloads Tradesman stake

R&Q is selling its 40% minority stake in Tradesman, which it acquired in 2019 following the acquisition of Sandell Re.

Aisling Finn, 23 February 2023
Axa XL combined ratio remains stable as it books EUR400mn Ukraine loss

The carrier also reported a drop in reinsurance revenue, with Axa XL Re reporting revenues of EUR3.2bn, a 27% fall from the year prior.

Aisling Finn, 23 February 2023
Ukraine one year on: Marine losses loom and energy market navigates turmoil

The conflict is set to inflict billions of dollars of losses across the specialty insurance market.

Samuel Casey, 23 February 2023
Munich Re P&C re Q4 profit rises 77% to EUR1.15bn

The P&C segment also booked 2.3% risk-adjusted price increases at the 1 January renewal.

Rachel Dalton, 23 February 2023
Carriers fear property insurance to values are off by 30%: Amwins

In the firm’s 2023 State of the Market report, it covered multiple classes, warning that for property (re)insurance in particular, inflation will likely continue to inflict pressure.

Abbie Day, 22 February 2023
Howden predicts D&O stability in 2023 amid rate adequacy scrutiny

The broker said that rates were falling but remained well above soft market levels.

Samuel Casey, 22 February 2023
Munich investors to get EUR2.6bn via share buyback and dividend

The shares will be bought back for a maximum total value of EUR1bn, following a proposed dividend announced by the firm for voting at its AGM.

Abbie Day, 22 February 2023
Everest hires Axis’s Ringer for entry into renewables market

The carrier has launched into downstream energy, marine and aviation in the past year.

Samuel Casey, 22 February 2023
Reinsurance hard market to stay for medium term or longer: Conduit’s Eckert

Analysts said Conduit is well positioned to benefit from the attractive conditions in reinsurance.

Samuel Casey, 22 February 2023
Africa Specialty Risks granted Lloyd’s coverholder status

The approval for coverholder status will help to bring Lloyd’s capacity to Africa, it said.

Abbie Day, 22 February 2023

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