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Beazley launches D&O product tailored to crypto companies

The policy, which Beazley claims to be the first of its kind in London and the US, will offer $10mn of capacity.

Samuel Casey, 15 June 2022
Global net-zero alliance publishes transition plan guidance

The Glasgow Financial Alliance for Net Zero has published for consultation a framework for insurers and banks to create net-zero transition plans.

Marcel Le Gouais, 15 June 2022
Axa XL’s Tuggey to join Chaucer as head of cyber

The incoming cyber head will step into the role left by Laura Hunt, who joined AIG last month.

Catrin Shi, 15 June 2022
Less than one-quarter of top global insurers ‘truly digitised’: Acord

More than 10% of the largest 200 carriers are “digital laggards”, a study shows.

Rachel Dalton, 15 June 2022
FRC to mandate actuaries to consider climate, ESG risks

The watchdog is proposing rules that would require actuaries to consider climate risks in technical work.

Marcel Le Gouais, 15 June 2022
MGA, MGU and coverholder revenues worldwide up by 21% in 2021: Insuramore

In terms of revenues, the highest ranked MGA in Insuramore’s survey was Brown & Brown, closely followed by Gallagher, Ryan Specialty, Amwins and Truist.

Aisling Finn, 15 June 2022
Pine Walk confirms launch of seventh MGA Pernix

Scor duo Spears and Coulson are to lead the political and non-payment risk vehicle.

Rachel Dalton, 15 June 2022
Miller bolsters Bermuda team with senior ILS appointment

John Duda joins from Markel, where he led the retro portfolio management team and was instrumental in the launch of Markel’s ILS fund, Lodgepine Capital Management.

Aisling Finn, 15 June 2022
Lloyd’s analysis: Corporation’s employment spend doubles in 10 years

While aggregate premiums grew by 1.5x between 2012 and 2021, annual expenditure at Lloyd’s on salaries and other employment costs has doubled.

Ben Wylie, 15 June 2022
R&Q places $125mn of shares 40% below Brickell offer price

The price is a 14% premium on yesterday’s close but substantially below the price that Brickell offered to take the firm private.

Samuel Casey, 14 June 2022

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