All Insurance articles – Page 3
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Gallagher Re buys Optio-owned Lloyd’s broker
The newly acquired business will become part of the firm’s Global Programmes practice group
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Swiss Re secures $700m in second stop-loss deal with JP Morgan
Transaction offers the reinsurer “cost-efficient capital that can be deployed in the current attractive market”
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ACORD: Digitisation is a baseline necessity
Disruptors will capture a material share of premium and profit by 2040, according to a quarter of respondents
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SiriusPoint and Compre agree $1.3 billion reserve transfer
Hailed as a ‘transformational deal’, it is one of the largest transactions underwritten in the legacy market
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Fidelis MGU promotes Ben Fortune to CUO Bermuda
Fortune will be responsible for overseeing all books of business written out of Bermuda
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SCOR reports net loss of €301m in 2022
The combined ratio for the P&C unit stands at 113.2% as Kessler acknowledges it was a “disappointing” year
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Acrisure launches Central European subsidiary
Mathias Pahl will serve as president of Acrisure Deutschland GmbH and head of DACH
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GCC insurers benefit from strong premium growth
S&P expects a modest uptick in earnings if insurers continue to reprice underperforming business
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Everest Re names Bogardus Singapore CEO
He will continue to lead the expansion of Everest Reinsurance’s Asia Pacific business
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Insurance M&A hits post-pandemic peak in 2022
There were 449 completed M&As last year, the highest for a decade, with strong prospects for 2023, says Clyde & Co
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LMA launches new chief underwriting officers committee
The new body intends to support Lloyd’s market members through guidance and strategy implementation
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David Robinson appointed CEO of Optio Group
He was instrumental in establishing Optio Re MENA Ltd, which began trading February 2023
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Total Turkey quake claims will exceed $5 billion - RMS
These loss estimates reflect the impact of the earthquakes in Turkey only; losses in Syria are not included
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Munich Re exceeds 2022 profit guidance
Reinsurer targets €4 billion profit in 2023 as chairman Wenning praises firm’s resilience after €1.6 billion Ian hit
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Hurricane Ian drives up Conduit Re loss ratio
Start-up’s ultimate loss estimate for Hurricane Ian is $40.9m as the reinsurer posts full-year combined ratio of 107%
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Africa Specialty Risks approved as a Lloyd’s coverholder
ASR will begin by offering Political Violence and Terorrism cover across 47 African countries
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Cyber ILS has ‘momentum to succeed’ - Lockton Re
Securitisation can help ease the capacity constraints of the current hard market
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New casualty-focused MGA Casper to launch in the UK
It will operate independently as a sister entity of Miller, with capacity support from Argenta
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Merged insurtech platforms to supercharge treaty renewals
The tech speeds up submissions and improves accuracy of risk pricing, helping reduce reinsurers’ loss ratios
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Consilium launches specialty treaty reinsurance division
Broker will offer both proportional and non-proportional solutions, for clients ranging from start-ups to mature insurers and MGAs