News

Insurance

Lloyd’s tipped for good 2025 but warned on volatile cat business: Fitch

Despite strength, Lloyd’s can’t likely make ‘significant’ gain in its competitive stance.   17 December 2024

Insurance

Agile snags AXA XL exec to boost marine and syndicate underwriting

The London-based executive will operate with an A$10 million linesize.   17 December 2024

Insurance

Ryan Specialty bolsters sports MGU with a London addition

Its MGU’s contingency portfolio will be divided into underwriting and producing segments.   17 December 2024

Insurance

Helios to reduce capacity: retracts from casualty, likes property

It said the reduction in capacity reflected ‘strategic adjustments’ in its portfolio.   18 December 2024

Reinsurance

ConnectUW expands London market reach with new Lloyd’s box

It will initially offer cover for worldwide property, energy, and war & terrorism.   16 December 2024

Insurance

Allstate wants to go for growth, but still won’t touch major markets

California, Florida & New Jersey remain anathema; New York ‘kind of’ open for business.   12 December 2024

Insurance

Relm launches new US MGA

Relm’s MGA will have locations in Miami, New York and Pennsylvania and the company has also appointed veteran insurer.   13 December 2024

Reinsurance

Munich Re eyes €6bn profit in 2025, focus on P&C Re, specialty insurance

Reinsurance revenue is expected to reach €42bn, fuelling a €5.1bn net profit in 2025.   13 December 2024

Insurance

MSIG snaps up AIG, ex-Chubb product expert for key role

The appointee previously spent 27 years at Chubb, including as deputy general counsel.   9 December 2024

Insurance

Moody’s upgrades P&C outlook as personal lines rates offset claims costs

The change reflects a ‘sharp increase’ in personal motor insurance prices.   12 December 2024

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