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APAC chairman Harden quits Willis Re for Guy Carp

The long-serving executive is to depart as clutch of other Australia-based staff resign.

Space market claims surpass $1.1bn in 12 months: Gallagher

Heavy losses come off the back of poor performance and brings more scrutiny to the class, the broker said.

Hiscox and RKH launch consortium for challenging liability risks

It will have a maximum line of over $20mn and allow members to adjust lines on a risk-by-risk basis.

Pioneer to sell Guernsey cell company to legacy carrier Quest

The MGA had established the PCC as a way to align underwriting interests with its paper providers.

• China Pacific Insurance to raise $155mn in over-allotment option
• Covid-19 to trigger significant drop in aviation premium income: Gallagher
• Axa XL curtails D&O risk appetite in London market
• The Week in 90 Seconds
• InsurTech wrap: Lemonade NYSE debut, Lloyd’s and WeFox
• EC approval delays £10bn UK trade credit backstop

Opinion

Curtailed insurance spend and a more cautious tone from underwriters will put bullish cyber growth targets out of reach

With a £3.6bn valuation for Ardonagh, Towergate’s rehabilitation is complete

Now is the moment for the Corporation of Lloyd's to adopt a new pro-growth paradigm

Behavioural risks associated with working from home are on the regulatory radar and can’t be ignored

In Brief

Allied World's Shohtoku to lead Asia Pacific after Garrison construction move

Axa XL marks a first with approval for China reinsurance subsidiary

Sompo GRS launches European team in London

Lloyd’s appoints Spain and Portugal country manager

Gallagher hires from Marsh for W&I and tax head

Lockton hires Willis exec as Brazil CEO

Analysis

Insider 50 banks best monthly performance in over two years

Shares in London-listed carriers surged after cashing in from a hardening market.

FCA BI test case expected to pivot on causation and vicinity wordings

Eventual payouts could vary wildly depending on the interpretation of trends clauses, lawyers note.

London specialty rates accelerate further at mid-year

The prospect of a fourth consecutive year of underwriting losses and Covid-19 uncertainty has spurred additional rate momentum since January.

Insurance gender pay gap narrows to 30% but still over double UK average

Analysis of the limited number of insurance company reporters shows a slight improvement in median gender pay for 2019.

New frontrunners emerge in 2020 Political Risk Rankings

Axa XL’s Ian Nunn and Beazley’s Richard Hutton win the underwriter rankings while BPL Global’s Charlie Radcliffe tops the broker rankings.

• Cyber
• US Property Cat
• Political Risk
• Political Violence
• D&O