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Enstar and Riverstone Intl final bidders for MS Amlin £1.2bn legacy deal

The process has been narrowed, with parties including Catalina and Premia not going forward.

Adam McNestrie, 28 October 2022
Aon organic growth slows to 5% in Q3 and reported revenues stay flat

The organic growth figure came in below that of major rivals Marsh McLennan, WTW and Gallagher.

Samuel Casey, 28 October 2022
PRA’s Woods: ‘Independence is basis for our global credibility’

In a speech last night, the PRA CEO issued the regulator’s latest warning to MPs about regulatory reforms.

Marcel Le Gouais, 28 October 2022
Gallagher hires WTW’s Nassaouati for Asia energy role

The broker has worked for Marsh and JLT during his 25 years in energy insurance.

Rachel Dalton, 28 October 2022
Mapfre Re profits surge 79% to EUR22.6mn despite cat uptick

The reinsurance unit was impacted by almost EUR60mn of claims relating to droughts in South America.

Samuel Casey, 28 October 2022
Boris Johnson’s former adviser Griffith retains City minister role

After the new Cabinet was formed and ministerial appointments announced, Andrew Griffith has retained a portfolio that includes financial services regulation.

Marcel Le Gouais, 28 October 2022
The Week in 90 Seconds: Baden-Baden lowdown; Hard market how-to; Stonegate saga

Plus more losses from the downstream market, and this week’s Q3 results.

Rachel Dalton, 28 October 2022
Swiss Re P&C unit reports 9M $283mn loss

The group booked a net loss of $285mn and negative return on equity due to cat losses, prior-year reserve charges and falling investment yields.

Rachel Dalton, 28 October 2022
Axis CEO Benchimol says ‘now is not the time’ to soften public D&O rates

The declining number of IPOs has reduced demand for public D&O cover and created competition, but current rates may not adequately price the risk, the executive said.

Chris DeZinno, 27 October 2022
Arch CEO: Market now realising inadequacy of property cat rates

In a Q3 earnings call today, Arch CEO Marc Grandisson also told investors that events like Hurricane Ian “almost always result in opportunities”.

Aisling Finn, 27 October 2022

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