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Gard posts 85% combined ratio in first half but investments hit profits
The Norwegian insurer posted a loss of $49mn, driven by losses in its bond portfolio.
Samuel Casey
,
08 November 2022
Optio appoints Barrett as head of financial lines
Victoria Barrett will be responsible for building Optio’s financial lines proposition.
Aisling Finn
,
08 November 2022
LMG makes Axa XL UK & Lloyd’s CEO McGovern its chair
Outgoing chair Matthew Moore will remain on the board.
Rachel Dalton
,
08 November 2022
Subtropical Storm Nicole threatens Florida with storm surges and flooding
The NHC has warned of a large storm with hazards extending across the state.
Rachel Dalton
,
08 November 2022
FCA ramps up warnings over dangers around ‘call-in’ powers
The regulator’s CEO and chairman issued stark warnings to MPs about regulatory intervention powers for ministers that could be inserted into a reform bill.
Marcel Le Gouais
,
08 November 2022
Tax and licensing concerns flagged in D&O market over jurisdiction hopping
Some multi-national cedants are using US addresses to source cover from US carriers, risking issues in the event of claims, amid a desperation for growth on both sides of the Atlantic.
Samuel Casey
,
08 November 2022
Munich Re P&C unit swings to Q3 loss of EUR343mn
The carrier has reduced its full-year projected consolidated result for reinsurance and expects a worse P&C combined ratio.
Rachel Dalton
,
08 November 2022
Up-for-sale Argo’s Q3 CoR rises 0.8 points to 101.1%
The specialty insurer booked an $11.9mn overall net adverse reserve development, up from $6.2mn last year, fueled by a $16.2mn charge in the US business.
Jairo Ibarra
,
07 November 2022
Zurich settles NotPetya dispute with US snacks firm: reports
Mondelez had filed a $100mn lawsuit against the insurer over payment denial.
Fiona Robertson
,
07 November 2022
Ark posts 87% Q3 combined ratio and books $51mn Ian loss
The carrier boosted gross written premiums by 33% and posted profits of $24mn.
Samuel Casey
,
07 November 2022
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