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Opinion: The London PV market and the inwards-outwards mismatch

Misalignment in T&Cs means the London market is now running far more PV risk net.

Catrin Shi, 15 February 2023
MS Amlin seals £1.2bn RITC and LPT deal with RiverStone International

Execution of the legacy transaction ticks off another major piece of work for MS Amlin in its turnaround of Syndicate 2001.

Catrin Shi, 14 February 2023
Arch Capital increased rates by 30%-50% in 1.1 property cat renewals: CEO

The Bermudian increased its cat load to $100mn-120mn in Q1 2023, compared to around $80mn a quarter for 2022.

Kyoung-son Song, 14 February 2023
Catalina refocuses on life as Ryland and other M&A staff depart

The legacy acquirer will reweight its portfolio towards life run-off, moving away from P&C deals which it deems less attractive, sources said.

Catrin Shi, 14 February 2023
Lejeune replaces Villeroy de Galhau as Axa LM CEO

The new chief has worked for Axa for 24 years.

Rachel Dalton, 14 February 2023
Turkey quake insured losses to exceed $1bn amid $20bn economic hit: Verisk

Almost 40,000 are feared dead following the disaster, and more than 1 million people have been left homeless.

Samuel Casey, 14 February 2023
Apollo chief pledges to diversify Catalina away from P&C legacy business

CEO Marc Rowan said P&C business is “not that attractive”.

Rachel Dalton, 14 February 2023
BP Marsh increases NAV 7.9% to £179.8mn

Kentro Capital, which includes Nexus Underwriting and Xenia Broking, reported a run-rate adjusted Ebitda of around £21mn.

Aisling Finn, 14 February 2023
FCA invites views on sustainability-related governance

In a discussion paper the regulator has highlighted good practices on sustainability-related governance and competence, as it seeks more consistency among financial firms.

Ayesha Venkataraman, 14 February 2023
PPL Next Gen launch date delayed by two weeks

The launch date for PPL’s Next Gen platform has been delayed to 6 March, as the team at Deloitte fix some final defects.

Marcel Le Gouais, 14 February 2023

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