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Inigo wins Lloyd's nod for $400mn launch and will underwrite 1.1 business

The business plan approval follows a slew of senior underwriting appointments at the start-up carrier.

Harvest Partners buys into Epic and JenCap owner Galway in $4.5bn+ deal

The deal is likely to be one of the largest US P&C broking transactions of the year.

Petroecuador tender process creates havoc among reinsurers

Wrangling over the award of Petroecuador’s 2021 cover has left reinsurers unsure of which primary carrier and broker to back.

RiverStone Europe to be sold to CVC for $750mn

Luke Tanzer will remain the managing director and said the deal represented a “runway for future growth”.

• Chubb makes Keogh president alongside COO role
• Ex-Pioneer cargo head Corton joins Hiscox
• Markerstudy taps Blackstone Credit to close £185mn Co-op deal
• Fidelis raises $250mn retro sidecar to target hard market
• Opinion: Swiss Re's fund launch is a bigger ILS pivot than it may seem
• Conduit confirms $1.1bn fundraise through IPO

Opinion

Disagreement over cyber wordings in named-perils cover joins the list of issues creating friction ahead of 1.1.

As the Brexit transition clock ticks new problems are emerging and foreseeable issues are becoming harder to ignore

Lloyd’s still has questions to answer on growth, remediation and Blueprint Two

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

In Brief

BMS hires former GC Latin America and Caribbean head

Howden Broking opens office in Iceland

LSM hires insider as London, Europe and Dubai downstream energy head 

Lockton Re hires GC’s Tritton for marine and energy

UK government gives industry a month longer for Solvency II feedback

Chubb names Lazaro as Overseas General Insurance digital head

Analysis

European captive registrations on the rise: AM Best

Captive formation in Guernsey, Luxembourg and the Isle of Man is expected to increase this year and next as the market hardens.

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.

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.

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