News Home

Allianz profit down 19% as AGCS falls to Q2 loss

The carrier said Covid-19 had a EUR800mn negative impact on the P&C division in the first half.

Beirut devastated after massive explosion in port

Port facilities, warehouses, ships and commercial property appears to have been critically damaged.

BDO fined £200k on AmTrust Europe audit failures

The UK Financial Reporting Council imposes the financial penalty and orders improvements.

Swiss Re CorSo pulls capacity from UK construction MGA Ensurance

Sources told this publication that the carrier could be mulling an open market entry.

• Willis and Aon update deal info after five lawsuits launched
• Isaias threatens New York after battering Carolinas
• AIG expects to draw on international reinsurance for Covid claims
• Opinion: Even London’s blue chips are still in remediation
• BCG: Progressive and Hannover Re among top P&C value creators
• ‘Minor contraction’ expected in structured credit and political risk: Gallagher

Opinion

Eiopa’s pandemic backstop paper underscores complexities

Convex has an almost unique fundraising story as a hybrid of scale-up and start-up

Covid-19 has accelerated dynamics in the MGA space, and now a tough 1 January renewal looms

Socially distanced golf course meetings show that the 'old ways' are still going strong.

In Brief

ABI appoints Swiss Re UK and Ireland CEO to board

Miller launches Geneva branch

BHSI promotes first-party lines heads in Middle East and Asia

Pen secures £100mn in capacity for solicitors’ PI

Ardian to acquire French broker Finaxy from Equistone

Beazley-backed MGA Digital Risks rebrands to Superscript

Analysis

M&A insurance resistant to wider market hardening: Aon survey

Over-capacity is still stifling rate increases despite rising claims experience.

London Q2 results: More than just a rating story

Commentary from Beazley and Lancashire also flags challenges on volumes, interest rates and recessionary claims.

Profit-consistent syndicates among best performers in Lloyd’s

Syndicates with the best 10-year average combined ratio generally showed less volatility in underwriting profit, analysis showed.

Lloyd’s looks set to choose more remediation over a pivot to growth for 2021

All-in growth of 10 percent or less is predicted as the Corporation's CEO and CFO press syndicates to complete underwriting turnaround efforts.

Watkins and Horner lead the 2020 Political Violence Rankings

Horner stood his ground and won the broker ranking for the second consecutive year, while Watkins topped the underwriter league table for the first time.

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