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Universal receives 18,000 Ian claims, estimates $1bn gross loss

The company estimates its overall gross loss to be approximately $1bn, below its $3bn overall reinsurance tower.

Farhin Lilywala, 11 October 2022
Lancashire makes trio of senior hires

Lancashire has appointed Francis Lobo as head of engineering, Nicola Nairn as group head of reward and confirmed the appointment of Angus Roberts as head of airline.

Aisling Finn, 11 October 2022
Vantage Risk books $71mn net loss for 2021

The full-year results for 2021 also show the Bermudian start-up held $333mn of net premiums written, as at December last year.

Aisling Finn, 11 October 2022
MS Amlin taps Carrier as MS AUL CEO, Slabbert takes MSIG US top role

Slabbert’s appointment comes after Mitsui Sumitomo’s recent acquisition of US hybrid fronting carrier Transverse Insurance.

Jairo Ibarra, 11 October 2022
Down but not out: Post-Ian demand for ILS alternatives will ultimately draw capital

Buyers are more open than ever to different sources of capacity, but the timing of entry will not be on the industry’s terms.

Fiona Robertson, 10 October 2022
Berkshire to non-renew retro cat quota shares as market searches for capacity signals

Fidelis and MS Reinsurance are among the ceding companies that have support from Ajit Jain’s unit.

Adam McNestrie, 11 October 2022
FCA: Service metric on approved person cases ‘no longer achievable’

The regulator is now reviewing a voluntary objective to determine 85% of approved person applications in five days.

Marcel Le Gouais, 11 October 2022
R&Q hires Catalina’s Battrick to head London M&A team

Huw Battrick replaces Tom Dixon, who left R&Q earlier this year after more than six years at the carrier.

Catrin Shi, 11 October 2022
Opinion: Florida’s state (re)insurance sector will need reshaping post-Ian

As reinsurers have walked away from certain risks in Florida, the state will need to keep some parts of its insurance infrastructure healthy – but without making the public markets too attractive.

Fiona Robertson, 11 October 2022
Allianz X to buy UK InsurTech Innovation Group to ‘unleash potential’

Innovation Group specialises in business process and claims management solutions and will continue to operate independently.

Samuel Casey, 11 October 2022

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