Goldman Sachs-backed broker Aston Lark has continued its recent run of acquisitions with a deal to buy Sennocke International Insurance Services and Build-Zone Survey Services.
Broker Miller has continued its expansion into the UK professions market with the hires of Paddy Synnott and Joe Newbury.
The Geneva Association has brought together 17 of the world’s largest P&C and life (re)insurers – including AIG, Chubb, Munich Re and Scor – to form a new task force that will develop climate risk assessment methodologies and tools for the insurance industry.
Insurers which have yet to embrace environmental, social and governance (ESG) factors in their investment and underwriting decisions have been handed a stark warning in the latest broadcast from The Insurer TV – your reputation will be at stake if you don’t acknowledge the need for action.
Beazley has launched a business unit to lead the underwriting and development of digital insurance solutions.
Lloyd’s is set to reopen the underwriting room on 17 May, with the Corporation offices scheduled to partially reopen on 12 April.
Irish insurer FBD has more than doubled provisions set aside to cover the fallout from the High Court business interruption (BI) test case to €65mn ($79mn).
The Insurance Council of Australia (ICA) has pegged insured losses from last October’s “Halloween Hailstorms” in southeast Queensland at A$805mn ($629.9mn).
RSA generated a group combined ratio of 91.9 percent for 2020 percent driven by strong performances in its Scandinavian and Canadian operations.
Loss data aggregator Perils has updated its loss estimate for the UK floods in February 2020 to £368mn ($513mn).
Aquiline-backed ERS has reported a combined ratio of 91.9 percent for 2020, an improvement of 7.8 points year on year.
Newly-listed auto insurtech Root has delayed the placement of one of its reinsurance treaties to 1 April in the belief that its positive loss ratio trends will mean it receives superior terms on the contract.
The American Property Casualty Insurance Association (APCIA), the Independent Insurance Agents & Brokers of America (Big I) and the Reinsurance Association of America (RAA) and other members of the 58-strong Crop Insurance Coalition have urged key lawmakers and the new administration to oppose cuts to crop insurance during the upcoming ...
PartnerRe’s Q4 2020 non-life combined ratio fell by 15.2 points year on year to 98.6 percent as the company benefited from a significant reduction in catastrophe losses compared with Q4 2019.
Preannounced unfavourable reserve development of $86.0mn pushed James River’s combined ratio to 131.0 percent in the fourth quarter, a significant deterioration from 93.8 percent in the same period of 2019.
Preannounced Q4 weather losses and prior-year reserve development sent Universal Insurance Holdings to an operating loss for the period as the Florida-based homeowners specialist pointed to strong price increases in its home state and steps to “reduce uncertainty for shareholders”.
Guy Carpenter and several recent hires to its Latin American group have asked a Florida circuit court to dissolve a temporary injunction granted to Willis Re, in a filing that alleges Willis Re’s arguments before the court are contradicted by statements made to regulators assessing the Aon-Willis merger.
Axa has lowered its retentions for key North American perils in its 2021 natural catastrophe reinsurance program as it takes steps to reduce earnings volatility.