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Catalina names Armour’s Ryland as new UK CEO

The executive joins after nearly a decade at the Bermuda carrier's legacy peer.

RMS caps Barry losses at $500mn 

Half of the insured loss arising from Barry will fall on the National Flood Insurance Program, the risk modeller predicts.

RLI says it has ‘underplayed’ E&S submissions surge

Excess and surplus (E&S) casualty submission are up five percent year on year, COO Craig Kliethermes said.

Generali to buy Portuguese assets from Apollo for $674mn

The insurer will acquire personal lines and SME insurer Seguradoras Unidas and health services business AdvanceCare from the US private equity firm.

• Marine trade body chief calls for action on talent drought 
• Applied Underwriters fined $3mn by New York
• Marine war market braced for $50mn loss following Persian Gulf attacks
• Munich Re flags Q2 profit well ahead of forecasts
• Hiscox ILS leader Lowther departs after five years
• Allstate Q2 cat losses breach $1bn after June events

Opinion

In insurance we deal in material uncertainty and the materiality of that uncertainty is changing all the time

The debate over data sharing goes right to the heart of what the Lloyd’s market should be

The insurance industry shouldn’t take on crypto risk that it doesn’t fully understand

Excessive focus can make industries terrible at adapting to new phenomena

In Brief

CNA appoints new Chicago branch manager

AIG brings Love from Goldman Sachs

Ed hires from Price Forbes for facultative reinsurance head

Darag to acquire One Re in first UK transaction

Hamilton’s Albo elected deputy ABIR chair

Hamilton appoints chief technology officer

Analysis

BGC, McGill & Partners to challenge aviation broking oligopoly

They face a Herculean task but the two start-ups could break the stranglehold of MMC, Willis and AJG in the aviation market.

Delegated authority expansion deemed ‘unjustified’ in market survey

The Insurance Insider’s Market Sentiment Survey, in association with EY, found that the majority of market figures think growth will be difficult to sustain.

Downstream energy rates expected to accelerate after $1bn loss tally

Underwriters said rate rises of 20 percent plus were needed, with some pushing for hikes of as much as 70 percent.

Insider 50 slips against mixed equities backdrop

London carriers and global reinsurers posted the steepest falls last week.

Jordan and Horner win the 2019 Political Violence Rankings

Meanwhile, Canopius’ George Connell and Tysers' Charlie Skipworth-Button have emerged as rising stars.

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