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Losses from Turkish gas field claim could reach $350mn-$400mn

The losses result from incidents throughout construction of the Sakarya gas field, including damage to a subsea pipeline from an earthquake.

Samuel Casey, 31 January 2023
QBE posts drop in gender pay gap, commits to ethnicity targets

The carrier’s D&I data showed that the mean gender pay gap fell in 2022, although it acknowledged there was more work to do on its ethnicity representation.

Marcel Le Gouais, 31 January 2023
AM Best expecting positive 2022 trade credit results despite Ukraine war

The expected results are a result of the unusually low levels of insolvency and subsequent claims frequency.

Abbie Day, 31 January 2023
Enhanced cyber disclosure rules would help supervise emerging risk: PRA

The regulator made the comments in correspondence with MPs amid ongoing discussion on Solvency II reform.

Samuel Casey, 31 January 2023
LMA manifesto prioritises modernisation, tech and training

CEO Sheila Cameron has called for “sharp focus” on market transformation.

Rachel Dalton, 31 January 2023
Algorithmic exchange InsurX signs backers for coverholder expansion

The platform has gained Lloyd’s coverholder status along with capacity from Beazley, Axis and Greenlight Re, and started to bind risks in contingency, before expanding to other business lines.

Fiona Robertson, 31 January 2023
Regulators approve Everest Insurance launch in Spain

The Spanish branch is part of Everest’s strategic expansion into international insurance.

Samuel Casey, 31 January 2023
Arch Insurance UK names four new regional underwriting heads

The company has also expanded the regional scope of its underwriting managers as it looks to support growth.

Samuel Casey, 31 January 2023
AIG terminates Lyons for violating confidentiality, non-disclosure obligations

To replace Lyons, AIG appointed Sabra Purtill as interim CFO and Turab Hussain as interim chief actuary.

Jairo Ibarra, 30 January 2023
Aspen appoints Duffy as non-executive director on UK boards

The former Canopius CEO will chair the company’s nominations and governance committees.

Rachel Dalton, 30 January 2023

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