Editorial Team

FCA proposes reforms to UK listing rules to help regain competitiveness

Britain’s financial services watchdog is pursuing a radical overhaul of stock market listing rules in a bid to make London more competitive and encourage growth.

Prestige Underwriting to join Flood Re’s Build Back Better scheme

Prestige Underwriting has joined Flood Re’s Build Back Better scheme, becoming the first MGA to offer its customers access to reimbursement costs of up to £10,000.

Howden appoints Marsh’s Howell as MD and global practice lead of its MCP

Howden has appointed Marsh’s Morwenna Howell as managing director and global practice leader of its Multinational Client Practice (MCP).

Global P&C pricing power to help sector maintain UW profitability in 2023: S&P

The pricing power of most rated P&C insurers will allow for underwriting profitability in 2023 despite the impact of high inflation, according to S&P Global Ratings.

Aon names Grasso head of treaty in Australia and New Zealand

Aon has promoted Paul Grasso as head of treaty in Australia and New Zealand for Reinsurance Solutions.

Lloyd’s coverholder LGU appoints Botnick as MD

Lloyd’s coverholder Lions Gate Underwriting (LGU) has appointed Robbin Botnick as managing director and head of corporate development.

Swiss Re confirms Ermotti departure date ahead of UBS move

Swiss Re has confirmed that Sergio Ermotti will step down as chairman of the board of directors on 30 April 2023.

Perils ups loss estimate to A$907mn for Australia floods in October

Loss aggregator Perils has disclosed its third industry loss estimate for the southeast Australia flooding in October last year, increasing its estimate to A$907mn ($601.07mn).

RSA appoints Skipper to bolster A&H division

RSA Insurance has appointed Danielle Skipper as a senior specialist underwriter for accident & health (A&H) in its UK specialty lines.

Brit promotes Hill to group head of claims

Brit has promoted London market veteran Marie Hill to group head of claims.

Miller: US leads rate increases for Lloyd’s delegated authority business

US-focused contracts are seeing the most pronounced rate increases within Lloyd’s delegated authority business during 2023 to date, according to Miller’s head of delegated authority Chris Hardcastle.

Miller: +20% rate increases “common starting point” for Florida mid-year renewals

Floridian property catastrophe buyers should expect minimum rate increases of 20 percent on their expiring covers with the renewals expected to “vary widely” as carriers continue to re-assess their portfolios, according to Miller.

SRG launches European operations with Specialist Risk Europe

Specialist Risk Group (SRG) has launched Specialist Risk Europe, a platform for its European operations.

BMS Re appoints Conduit Re’s Soria as co-head of casualty broking

BMS Re has appointed Conduit Re’s Erik Soria as head of new business solutions and co-head of casualty broking, confirming The Insurer’s earlier reporting.

Fidelis shuffles MGU leadership with promotions for Fortune and Crone after exits

Fidelis has reshuffled its MGU leadership with the promotions of Ben Fortune and Simon Crone to its executive committee following a number of recent senior exits.

Topdanmark posts 83.6% combined ratio as weather-related claims fall

Danish insurer Topdanmark has posted an 83.6 percent combined ratio for the first quarter of 2023, an 8 percentage point improvement year on year following a reduction in weather-related claims.

Swiss Re: European strike activity likely to have “limited” impact on traditional P&C

Although European strike activity has increased in the last few months, its impact on traditional P&C businesses will “likely be limited”, according to Swiss Re.

S&P: UK insurers require “revamp” in face of uncertain economic conditions

UK insurers are in need of a “revamp” as uncertain economic conditions will force management teams to rethink capital allocation, product strategy, and business models, according to S&P.

Chubb names Vaughan to lead its European PRS division

Chubb has promoted Stephen Vaughan to head of its European Personal Risk Services (PRS) division as former head Annmarie Camp returns to the US as business development leader for Chubb, North America.

Aviva, ABI and Zurich become latest insurance parties to quit CBI

Insurers Aviva and Zurich and the Association of British Insurers (ABI) have become the latest major business to quit the scandal-hit Confederation of British Industry (CBI) following a number of misconduct allegations against senior CBI staff.

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