News – Page 4
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NewsQBE reveals disappointing H1 underwriting result
QBE North America posted a 106.9% combined ratio for the first six months, with a group-wide combined ratio barely into profit at 98.9%.
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NewsLaw firm Dentons quits China amid counter-espionage law fears
Dentons announced its split from its Chinese entity, Beijing Dacheng, citing concerns about data protection and cybersecurity since China’s new spying law took force in July.
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NewsLancashire performs at H1 with premium and profit rises
Gross premiums increased by 26% at the Bermuda-based re/insurer, while profit after tax soared to $159m.
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NewsHiscox performance improves at H1 – driven by reinsurance and London market arms
“Leaning into the hard market”, the group allocated additional organic capital to the Hiscox Re & ILS business.
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NewsLloyd’s veteran Peter Spires steps down as general counsel
Head of legal Claire Schrader assumes the role of general counsel at Lloyd’s on an interim basis.
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NewsSevere US storms broke records for H1 nat cat losses – Swiss Re
Severe convective storms drove global natural catastrophe insured losses, which reached $50bn across all perils, according to the Swiss Re Institute.
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NewsGallagher Re: Insurtech funding falls in second quarter
Insurtech is un a secondary phase, focusing on the ‘how’ rather than the ‘what’ says reinsurance broker’s global head of insurtech.
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NewsHannover Re thinks profits are on target for 2023
The German reinsurer had a second quarter combined ratio of 90.8% and 91.7% for the first six months.
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NewsHowden’s DUAL completes David Ashby Underwriting MGA acquisition
The bloodstock business adds to DUAL’s growing MGA book of business.
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Aon names MacMillan chief broking officer for UK commercial risk
Aon’s new top broker for UK commercial business previously worked in senior roles at Aviva, Marsh and Ardonagh.
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NewsMiller appoints Holloway as its head of Europe
Hired from Marsh, Oscar Holloway joins rival specialty and reinsurance broker Miller.
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NewsAIG Re CEO Schaper to be global CUO after Validus Re sale completes
Schaper will be appointed AIG’s global CUO on completion of the sale of Validus Re to RenRe.
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NewsPartnerRe reports H1 return to profit
Bermuda-based reinsurer bounced back to net income of $787m in the first six months of 2023, for a combined ratio of 83.5%.
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NewsHowden appoints Agarwal as its India CEO
His predecessor Praveen Vashista steps up to be chairman of Howden’s India business.
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Aon Reinsurance Solutions records 9% organic growth
The reinsurance broker’s revenue growth in the second quarter reflected strong increase in treaty, driven by strong retention and continued net new business generation.
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NewsFirst half catastrophes “much higher than the 10-year average” – Munich Re
Earthquakes, thunderstorms and floods led the natural disaster figures for the first half of 2023.
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NewsSiriusPoint appoints Kattan global head of ceded reinsurance
The Hamilton, Bermuda-based global specialty insurer and reinsurer appoints London market veteran Habib Kattan to manage its ceded reinsurance, worldwide.
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NewsPolo, Aon get approval for wildfire Lloyd’s Syndicate 1996
The wildfire risk is the latest of Lloyd’s “Syndicate-in-a-Box” programme.
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NewsSCOR posts Q2 P&C combined ratio of 88.5% and €192m groupwide profit
Market conditions remain favourable for reinsurers in pricing and terms and conditions, French reinsurer SCOR reported in its second quarter statement.
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NewsHowden Switzerland acquires specialist aviation broker Hudson Sky
Hudson Sky has established itself as a leading aviation re/insurance broker in the Swiss market, particularly focused on helicopter business.
