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Opinion: TMK’s treaty exit – London’s fading reinsurance star grows a little dimmer

The former reinsurance leader’s exit from treaty highlights wider pressures on the market.

Rachel Dalton, 17 August 2022
Premia enters into LPT for Hiscox Syndicate 33

The loss portfolio transfer reinsures around $116mn of the group’s share of Syndicate 33 reserves from between 1993 and 2018.

Aisling Finn, 17 August 2022
Lloyd’s to require state-backed attack exclusions in standalone cyber policies

The new rules will apply from 31 March 2023, with LMA wordings permitted.

Rachel Dalton, 16 August 2022
Liberty Mutual names Rodriguez reinsurance CUO

The firm also hired Aspen’s Crystal Ottaviano as global risk solutions chief risk officer.

Farhin Lilywala, 16 August 2022
Argo seeks £170mn Ariel RITC as it continues serial legacy deal strategy

The transaction would mark a fifth legacy deal struck by Argo as it seeks to clean up its back book amid a strategic review.

Adam McNestrie, 16 August 2022
Everest Re appoints former Sompo VP Johnson as head of aviation claims

The appointment comes just four months after Everest entered the class, hiring Global Aerospace’s Paul Truman to run its aviation book.

Aisling Finn, 16 August 2022
Harrell's incubator buys stakes in two firms with Rcapital

Montague Risk Partners – launched in December of last year – provides private investment into insurance MGAs and other insurance-related businesses.

Luke Harrison, 16 August 2022
Brickell backs calls to remove Spiegel from R&Q board

The move comes a day after second-largest shareholder Phoenix Asset Management proposed William Spiegel’s removal from the board.

Aisling Finn, 16 August 2022
Probitas Syndicate 1492 posts combined ratio of 78.5% for H1 2022

The syndicate also posted an underwriting profit of £17.1mn.

Aisling Finn, 16 August 2022
Lloyd’s to create DA data strategy amid delay to key BP2 workstream

The Corporation has resequenced a key Blueprint workstream for delegated authority business, as it looks to create a data strategy for DA in Q4.

Marcel Le Gouais, 16 August 2022

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