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Jeworrek to step down from Munich Re board at year-end

Thomas Blunck has been appointed to succeed Torsten Jeworrek as chair of the board of management’s reinsurance committee, effective 1 January 2023.

Aisling Finn, 20 October 2022
Arcus back-book latest Lloyd’s legacy deal to come to market

The £70mn deal follows a flurry of Lloyd’s legacy activity, with a major MS Amlin transaction also currently in train.

Catrin Shi, 20 October 2022
No specific growth target for 1.1 renewal: Munich Re

The reinsurer is working to find the right inflation indicators for individual client portfolios.

Liz Bury, 20 October 2022
PRA fines MS Amlin £9.7mn for 2014-19 governance failings

The failings occurred during the period between September 2014 and December 2019.

Rachel Dalton, 20 October 2022
Compre to acquire Irish Covéa subsidiary Medical Insurance Company

The legacy specialist has made its second foray into medical professional liability.

Rachel Dalton, 20 October 2022
Inflation, geopolitics and climate change to converge on 1.1 renewal: Munich Re

Munich Re board member Thomas Blunck warned inflation will remain high in 2023, driving up loss costs.

Rachel Dalton, 20 October 2022
CFC lands Beazley’s Beattie for new head of innovation role

The executive will work to develop insurance products and solutions at the MGA.

Samuel Casey, 20 October 2022
InsurTech in 2022: Why the allure of IPOs has faded

Often regarded as the destination for tech start-ups, IPOs no longer have the same attraction for UK InsurTechs, due to market volatility and the performance of their listed US counterparts.

Aisling Finn, 20 October 2022
Allstate expects $366mn in pre-tax net Ian losses, passes $305mn to reinsurers

The firm disclosed that ex-cat unfavorable prior year reserve reestimates totaled $875mn, of which $643mn were related to its personal auto unit.

Jairo Ibarra, 19 October 2022
RenRe estimates net negative impact of $650mn from cat losses in Q3 2022

The estimate is driven by $540mn of losses attributable to Hurricane Ian.

Farhin Lilywala, 19 October 2022

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