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Darag completes $30mn legacy transaction with North American captive

The company expects to announce another similarly sized deal soon, and the rest of the year’s pipeline is “beyond expectations”.

Samuel Casey, 30 August 2022
Six reinsurers face capital adequacy deterioration in case of 1-in-50 losses: S&P

Average budgeted expected losses rose by nearly 20% this year with reinsurers factoring in climate variability.

Liz Bury, 30 August 2022
Lloyd’s modernisation work ‘positive for future performance’: AM Best

However, conflict and social inflation still “significant headwinds” for the Corporation, the ratings agency said.

Aisling Finn, 30 August 2022
Moody’s downgrades Peak Re, places reinsurer on negative outlook

The ratings agency placed the carrier’s ratings on negative review earlier this year, prompting broker and cedant scrutiny.

Samuel Casey, 30 August 2022
UK cyber rates up by more than 30% in Q2: Aon

Growing competition for UK property business kept price increases in check during the quarter.

Rachel Dalton, 30 August 2022
R&Q highlights ‘inaccuracies and misrepresentations’ in Phoenix letter

Phoenix’s original letter, penned by CIO and co-founder Gary Channon last week, described the carrier as being “not competently led” by executive chairman William Spiegel.

Luke Harrison, 30 August 2022
Themes ahead of conference season: Cat, specialty re and growth

Insurance Insider explores the themes around growth in London and a contraction of cat limits on the horizon, in the months before an intensive 1.1 period. 

Marcel Le Gouais, 30 August 2022
The Week in 90 Seconds: Female leadership; Darag; marine MGAs

Research from this publication exposed a dearth of female leadership in the Lloyd’s market.

Samuel Casey, 26 August 2022
MS Amlin kicks off process for £1.2bn legacy deal

The deal is split into a ~£1.1bn reinsurance-to-close deal and a ~£100mn loss portfolio transfer.

Adam McNestrie, 26 August 2022
Lockton takes Munich Re engineering underwriter Baker Dean

The move is the latest in a series of personnel changes in the construction space.

Luke Harrison, 26 August 2022

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