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The Week in 90 Seconds: Ascot-Blackstone; IG and airline renewals; D&O jurisdiction hopping

Plus the latest executive moves and all the top stories of the week.

Samuel Casey, 11 November 2022
Beazley GWP jumps by 22% as it estimates $120mn Ian loss

The carrier said it was on track to reach a combined ratio in the “high 80s” this year.

Aisling Finn, 11 November 2022
Favorable reserve development pushes IGI’s Q3 CoR down 11.2 points to 73.8%

Q3 reserve releases were driven by an improvement in claims developments in most lines of its long-tail unit, as well as in its energy and property lines in the short-tail book.

Jairo Ibarra, 10 November 2022
Aon buys Mexico-based cat modeller and risk consultancy ERN

The transaction will add Latin American hurricane and earthquake modelling capabilities to Aon’s product suite.

Rachel Dalton, 10 November 2022
Swiss Re and Axa Climate to enable Lagos State flood risk transfer

The reinsurers will provide a parametric solution to ensure a fast payout.

Liz Bury, 10 November 2022
Zurich to ‘prune’ parts of cat portfolio: CEO Greco

Zurich had already planned to reduce its US cat exposure by 10%, a target that has nearly been achieved, the executive said.

Aisling Finn, 10 November 2022
Lloyd’s advances framework to measure transition to net-zero in underwriting

CEO John Neal said a pilot with managing agents is working towards a measurement framework to help syndicates transition underwriting portfolios.

Marcel Le Gouais, 10 November 2022
Tropical Storm Nicole makes landfall as thousands left without power

According to the latest reports, around 110,000 customers have been left without power in Florida as Nicole makes its way across the state.

Aisling Finn, 10 November 2022
Bumper Allianz P&C profits 'repeatable’ in coming quarters: Terzariol

Lack of exposure and extensive reinsurance protection meant Hurricane Ian was “not a big event”.

Samuel Casey, 10 November 2022
GFIA elects Neely as president and reshuffles executive committee

GFIA appointed Tim Grafton to fill Susan Neely’s former role of vice president, and Norma Alicia Rosas steps into the role vacated by Grafton.

Aisling Finn, 10 November 2022

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