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IAG’s NZ units receive 2,300 Cyclone Gabrielle claims

An influx of Gabrielle claims comes on top of more than 21,000 IAG already received due to the floods that struck Auckland in January.

Ayesha Venkataraman, 17 February 2023
Allianz targeting 13% increase in P&C operating profit for 2023: Terzariol

Despite 2022 being a “horror year”, the group reported record revenues and operating profit.

Abbie Day, 17 February 2023
Swiss Re P&C unit books 5% true price increase at 1.1

The carrier said 18% nominal price increases are mitigated by a 13% rise in loss assumptions.

Rachel Dalton, 17 February 2023
RiverStone International secures $305mn XoL reinsurance led by JP Morgan

The coverage supports a series of recent Lloyd’s transactions, including the £1.2bn MS Amlin RITC.

Samuel Casey, 17 February 2023
Investments tip Brit to $92.8mn 2022 operating loss as Ki reports 99.4% combined ratio

The Ki syndicate saw a year of significant growth, as its GWP rose by 110.8% to $834.1mn, with Brit also continuing to expand top line.

Abbie Day, 17 February 2023
QBE International underwriting result for 2022 impacted by inflation reserve boost

The group restructured its aggregate reinsurance protection and simplified the top layers of its main cat treaty.

Fiona Robertson, 17 February 2023
BMS continues cargo buildout with Price Forbes’s Hutchings

The appointment comes soon after the broker hired Louise Rothschild from Price Forbes.

Samuel Casey, 17 February 2023
Marco Capital acquires Navigators International Insurance Company

NIIC has a small amount of legacy business in run-off, which includes property and casualty, marine, and professional liability insurance business.

Aisling Finn, 17 February 2023
Swiss Re P&C re unit full-year profit falls 85.1% to $312mn on $1bn inflation reserving

The carrier has reported a P&C re combined ratio of 102.4% for the year.

Rachel Dalton, 17 February 2023
AGCS operating profits jump by 79% to EUR655mn

Group profit improved by 5.7%, as the P&C segment benefited from improved underwriting and investment results.

Abbie Day, 17 February 2023

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