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French hail loss swells to EUR6bn-EUR8bn as reinsurers brace for impact

Hail is not covered by the state-backed CCR Re scheme, pushing losses into the private reinsurance market.

Rachel Dalton, 13 September 2022
Legacy market leaves Zurich French architects PI book on the table

The willingness by legacy buyers to walk away from deals is a sign of discipline in a competitive market.

Catrin Shi, 13 September 2022
Montague MGA arm to begin underwriting in coming months: Harrell

The former Aspen and Willis Re Specialty executive laid out the five-year vision for his start-up business.

Catrin Shi, 13 September 2022
Insurance Advisory Partners makes two key hires as it continues expansion plans

Robin Mackie will join as a senior adviser in London, while Samantha Hagar joins as an associate in New York.

Aisling Finn, 13 September 2022
Axa Ireland names Brosnan as CEO Bradley’s replacement

Philip Bradley will step down from his role on 31 December, with Marguerite Brosnan assuming her new position on 1 January 2023.

Aisling Finn, 13 September 2022
Ageas sets 'limited perimeter' for 1.1 start to build $800mn-$1bn GWP reinsurance unit

The carrier will focus on writing a limited number of mid-sized EMEA clients in its first year.

Rachel Dalton, 13 September 2022
Aon names Goodman as UK president of reinsurance arm

Jeremy Goodman will relocate from Singapore to London and replace Nick Frankland, who remains in the business as chairman of Aon’s Strategy and Technology Group.

Aisling Finn, 13 September 2022
Australian flood losses to exceed A$6.2bn: Perils

Earlier loss reports suggested the total costs would be much lower – Perils’ first report estimated losses at A$3.99bn, while its second pegged losses at A$4.89bn.

Aisling Finn, 13 September 2022
Acrisure and Asta gain in-principle approval for Flux Syndicate 1985

The launch will allow the Lloyd’s market to access a greater proportion of Acrisure’s $32bn managed premium.

Catrin Shi, 13 September 2022
Specialty reinsurance post-Ukraine: Debundle, re-rate, tighten terms

Political violence reinsurance capacity will be a “precious commodity” at 1.1 but differences remain over how much restructuring of specialty composites should occur.

Fiona Robertson, 13 September 2022

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