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Cyclone Gabrielle is New Zealand’s ‘most significant storm’ this century

A state of emergency has been declared in the country for only the third time in its history.

Samuel Casey, 14 February 2023
Tokio Marine nine-month profits fall 28% to 271.4bn yen

The carrier was impacted by Covid-19 in Taiwan and Japan, as well as natural catastrophes.

Samuel Casey, 14 February 2023
Aegis London’s Powell: Market must seize specialty opportunity

The Lloyd’s carrier’s CEO said the market must now ‘climb out of the rehabilitation phase’.

Rachel Dalton, 14 February 2023
Ian and Ukraine push MS Amlin to £305mn nine-month loss in 2022

The carrier also recorded a deterioration in investment performance amid financial market turbulence.

Samuel Casey, 14 February 2023
Voce’s Plants steps down from Argo board following Brookfield merger agreement

The member joined the board in August 2022, two and a half years after ending his activist campaign against the carrier’s management.

Kyoung-son Song, 13 February 2023
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

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