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AM Best puts Argo’s FSR under review after $1.1bn sale announced

The ratings agency has placed under review with developing implications Argo’s A- financial strength ratings, as well as its credit ratings.

Marcel Le Gouais, 13 February 2023
Arch Capital’s Q4 CoR falls 4.1 points to 73.5%

Pre-tax current accident year net cat losses for the insurance and reinsurance segments totaled $34.6mn for the quarter, nearly half of the $72.3mn figure posted in Q4 2021.

Kyoung-son Song, 13 February 2023
Ageas Re launches property-focused LatAm operation with SiriusPoint’s Rensonnet

The reinsurer is planning to offer limits up to $10mn per client and $40mn per territory across the region.

Jairo Ibarra, 13 February 2023
Chaucer partners with Crown Jewel Insurance to cover trade secrets

Intellectual property coverage is seen as a growth market for traditional insurers.

Samuel Casey, 13 February 2023
Canopius names Argo’s Butler as Bermudian management and professional lines head

Canopius also added Jade Weaver, former management and professional lines underwriter at Argo, to its Bermuda team.

Aisling Finn, 13 February 2023
NZ flooding erodes IAG aggregate deductible by 73%

The carrier has increased its full-year perils cost estimate to A$1.15bn.

Rachel Dalton, 13 February 2023
United Insurance Holdings hikes Ian losses by $500mn to $1.54bn

The firm will exhaust its personal lines reinsurance coverage on the storm, pushing its personal lines carrier into insolvency, with commercial claims doubling.

Fiona Robertson, 13 February 2023
Brokers push commissions in latest symptom of D&O downward spiral

There has been no let-up in rate reductions so far this year, as fears mount about the profitability of the class.

Samuel Casey, 13 February 2023
Ryan Specialty launches global transactional risk practice

The newly formed structure combines the operations of New York-based Concord Specialty Risks and London-based Ryan Specialty Transactional Risks International.

Abbie Day, 10 February 2023
Cat market 'best we've seen' for Lancashire: CEO Maloney

CEO Alex Maloney is predicting more growth for Lancashire in 2023 considering the strong cat market and improving rate conditions across the carrier’s book.

Aisling Finn, 10 February 2023

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