News

Insurance

Richard Brindle returns to Lloyd’s market after 26 years with Fidelis syndicate 3123

Fidelis MGU gets in principle approval to spearhead new Lloyd’s syndicate.   29 March 2024

Insurance

Re/insurers face $4bn hit from Baltimore bridge disaster, topping Costa Concordia claims

Losses maybe ‘manageable’ but will add pressure to the marine market, analysts warn.   28 March 2024

Insurance

Lloyd’s built 2023 margin gain on distance to large loss, despite PYD

New reserves hit specialty, including more RU-UA aviation sums, plus casualty.   28 March 2024

Insurance

GIC completes acquisition of Miller

GIC has acquired Cinven’s shares in the UK broker to support its long-term strategy.   28 March 2024

Insurance

Baltimore bridge collapse hits P&I segment at earnings turning point

P&I clubs had hit their first technical profit since 2016/17, finally put paid to Costa Concordia.   27 March 2024

Reinsurance

Reinsurers will take bulk of P&I claim after Baltimore bridge collapse

AXA XL led the current XoL reinsurance cover for International Group of P&I Clubs.   27 March 2024

Alternative Risk Transfer

Artex launches new group captive in the US

The captive addresses the need for alternative risk solutions in transportation.   27 March 2024

Insurance

AXA XL reveals new global chief underwriting officer for marine

He will assist with pricing, risk aggregation and global product strategy.   27 March 2024

Reinsurance

Lloyd’s: pivotal to facilitating growth in LatAm

Lloyd’s remains central to the growth plans of many carriers targeting the Latin American region. Dawn Miller, Commercial Director, and Hank Watkins, Regional director and President, Americas, Lloyd’s, spoke to Intelligent Insurer.   27 March 2024

Reinsurance

Scope for growth: the rise of Latin America

Diverse, unpredictable and growing fast, the Latin American market offers no shortage of challenges for the insurance industry—but also a tremendous opportunity.   27 March 2024

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