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Fidelis to bifurcate into $3bn-premium MGU and $2bn balance sheet

This publication broke the news in March that the Richard Brindle-led underwriting business was working on the radical company separation.

Adam McNestrie, 25 July 2022
Credit and political risk market on alert amid ‘global toxic cocktail’

Carriers in the class are reassessing risk appetites amid inflation, the Ukraine war and a growing risk of countries defaulting on sovereign debt.

Luke Harrison, 25 July 2022
California Oak Fire burns across 15,000 acres

A further 3,271 structures, including both homes and businesses, are under threat from the wildfire.

Luke Harrison, 25 July 2022
Floir suggested 27 insurers for monitoring before Demotech's downgrade notices

Floir stated that they "formally referred those insurers to the stability unit" after the legislation from the special session was passed.

Farhin Lilywala, 25 July 2022
Brit UK property class underwriter Camber departs for AmTrust International

The recruit has also worked at Zurich Insurance and Amlin.

Catrin Shi, 22 July 2022
Floir and Florida CFO attack Demotech and Petrelli

Floir Commissioner Altmaier and Florida CFO Patronis sent out letters questioning Petrelli's decision to put 17 insurers on notice of a downgrade.

Farhin Lilywala, 22 July 2022
The Week in 90 Seconds: Ukraine marine deadline; FCA backlog; Ascot & Argo updates; Oklahoma gas explosion

Plus Q2 results from Marsh McLennan and Beazley and all this week’s executive moves.

Rachel Dalton, 22 July 2022
Millions of mortgages and insurance agents at risk if Demotech S ratings applied: FAIA

The insurance agents’ trade body also raised concerns over brokers’ E&O cover.

Liz Bury, 22 July 2022
IAG releases A$200mn of BI provisions in six months to the end of June

The release followed an appeal judgment from the High Court of Australia.

Liz Bury, 22 July 2022
Cyber rates to reach ‘equilibrium’ over next year or so: Beazley CEO Cox

In a post-results media call, Beazley CEO Adrian Cox also noted that an expected increase in cyber claims had not yet “manifested”.

Luke Harrison, 22 July 2022

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