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Petroperu says broker hire was result of ‘technical evaluation,’ not highest bid

Peru’s state-owned firm Petroperu has said that the broker designated to run its account was chosen as a result of a “technical evaluation”, following local media and Inside P&C reports that WTW had won with the highest bid in the process.

Giovanna Bellotti Azevedo, 07 July 2022
Acrisure considers Lloyd’s syndicate launch

The vehicle would back the broker’s MGAs but also write business channelled via its extensive retail network.

Catrin Shi, 06 July 2022
Lloyd’s launches LGBTQ+ mentoring programme

Lloyd’s is also looking for seasoned LGBTQ+ professionals or allies within the market to mentor LGBTQ+ talent.

Martha Muir, 06 July 2022
Economic secretary Glen resigns amid government chaos

This is the latest of 27 ministerial and civil service resignations so far, as the PM battles on.

Rachel Dalton, 06 July 2022
TSR increases forecast for North Atlantic hurricane activity

Tropical Storm Risk set the probability of above-normal accumulated cyclone energy in the North Atlantic at 46%.

Luke Harrison, 06 July 2022
MGA Rokstone launches $255mn terrorism facility for US and Caribbean risk

The carrier has appointed Fidelis’ Arif Rahman the head up the facility.

Luke Harrison, 06 July 2022
IAG renews aggregate reinsurance cover at higher attachment point

The company has extended its Munich Re quota share for three years.

Martha Muir, 06 July 2022
Two Russian airlines reportedly ask to return planes to lessors

S7 has requested to return two planes, while AirBridgeCargo is attempting to return 14 of its 16 Boeing 747 freighters.

Aisling Finn, 06 July 2022
RenRe: The lonely road of the contrarian pure-play reinsurer

RenaissanceRe has always been a business with strong convictions and an assured management team, willing to carve out a path distinct from competitors.

Adam McNestrie, 06 July 2022
Konsileo raises £4.7mn in Series A funding to ramp up recruitment

The funding will be used to hire dozens more client directors by the end of the year and expand the platform.

Aisling Finn, 06 July 2022

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