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TheCityUK study raises concerns over FCA officials ‘gaming the system’

The network’s report into how regulators process approvals is the latest study to unearth operational failures at the Financial Conduct Authority.

Marcel Le Gouais, 26 January 2023
Perils raises southeast Australia flood estimate to A$840mn

The loss aggregator pegged the loss figure at A$791mn in its initial claim estimate.

Samuel Casey, 26 January 2023
Reinsurers’ push on terms strives for clarity but muddies some issues

Exclusions and coverage changes absolutely make sense as a goal, but some wordings have thrown up additional risks.

Fiona Robertson, 26 January 2023
Axis Q4 combined ratio edges up to 94.1% as specialty pivot continues

Pre-tax catastrophe losses during the quarter totaled $64mn, including weather-related losses of $32mn, primarily attributable to Winter Storm Elliott.

Kyoung-son Song, 25 January 2023
Insurers demand jury trial in Aircastle’s $265.9mn aircraft losses lawsuit

In addition, Lloyd's syndicates Atrium and Syndicate 1183 asked the judge to dismiss the case against them in its entirety.

Jairo Ibarra, 25 January 2023
Lockton continues LatAm treaty buildout with Aon’s Paramo

Before the move, the executive spent 12 years at Aon working as a reinsurance broker based in London.

Jairo Ibarra, 25 January 2023
Brit hires The Hartford’s Crockford to join cargo team

The appointment comes after senior cargo underwriter Caroline Monnickendam left Brit for Munich Re Syndicate.

Samuel Casey, 25 January 2023
Aviva deputy CUO of specialty lines Eyre to join BMS Group

According to sources, Caroline Eyre will join BMS as managing director of construction.

Abbie Day, 25 January 2023
Resilience lures Liberty Specialty’s Rance to head Bermuda and large accounts

Dan Rance was previously head of financial lines for Bermuda at Liberty.

Abbie Day, 25 January 2023
Expect more retro capacity as pricing improves: Conduit

More retrocession capacity is likely to be deployed during 2023 as pricing holds up across the primary, reinsurance and retro markets, according to Conduit Re.

Rachel Dalton, 25 January 2023

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