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High Court gives approval for Lloyd’s Part VII transfer

The transfer was first initiated by the Corporation in October 2018 to safeguard passporting rights of Lloyd’s members.

Catlin hints at possible ‘first-loss’ model for Pan Re

The Convex CEO also outlined difficulties facing the pandemic working group.

McGill: Year-one revenues at start-up broker will top $50mn

The CEO also discloses $712mn of run-rate premiums under control and client base of over 190.

FCA to hold Lloyd’s and London market CEOs to account for Covid-19 failings

The regulator warns that it expects insurers to continue to treat customers fairly during the pandemic.

• Young suffer most from switch to home working: LMG’s Lebecq
• Scor to split CEO and chair roles after Kessler exit
• Argo receives $30mn on Ariel Re sale closure
• MGA platform Spring Partners formed with ex-Neon Sapphire book
• Convex makes further FL hire with The Hartford’s Pallett
• Too early to ease dividend clampdowns: Eiopa’s Zafeiris

Opinion

Pandemic uncertainty is creating a stand-off in the 1.1 renewal discussions

Axa XL and Patria Re – the elephant and the grasshopper

Aon's new facility is a bear signal on the post-Covid cat reinsurance market

The $1bn raise underscores Catlin and Brand's ambitions to build the leading London specialty franchise

In Brief

Arag UK hires former Markel International exec as CFO

InsurTech Novidea raises $15mn in Series B funding

BMS enters financial lines with hire of Madell

Marsh JLT Specialty promotes Roberts to global renewable energy head

Axa XL makes Harris UK & Lloyd’s energy head

Superscript partners with RSA to expand underwriting reach

Analysis

Upstream energy: The search for a market-changing loss goes on

The Hammerfest loss is thought to be ~$500mn and well spread around the market.

Space insurers hope for breakeven 2020 after loss-making years

Rates surge as much as 300% on distressed risks as underwriters seek to rebuild profitability.

Lead-follow and risk exchange work pushed back in Blueprint Two

This publication examines the key changes since the first blueprint was published last year.

Brokers’ Q3 earnings: Three things you might have missed

Aon, Willis and MMC calls reveal clients’ hard market tactics, staff retention strategies and Covid-19 headwinds. 

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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