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Ascot Syndicate 1414 secures 38% stamp increase for 2021

The syndicate will have a £900mn stamp for 2021 as it leverages its light-touch status.

Liberty Syndicate 4472 grows stamp 9% for 2021

The increase is just above the Lloyd’s aggregate 8.5% market growth figure.

Howden buys cyber specialist Safeonline

Safeonline CEO Chris Cotterell becomes chairman of Howden’s cyber division.

Canopius pulls £1bn legacy deal after it seals equity raise

Sources said that the carrier’s equity raise was the more efficient path to securing growth capital.

• Opinion: Reinsurance – The stand-off before the gunfight
• Inigo completes $800mn capital raise and seals StarStone Underwriting deal
• High Court largely upholds insurers’ asbestos compensation challenge
• Hamilton establishes third-party capital manager for collateralised retro
• Senator/Cannae nominees join CoreLogic board after shareholder vote
• Ki goes live with key roster of brokers

Opinion

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

Success for the diverse 'class of 2020' hinges on far more than the durability of the hardening market​​​​​​

In Brief

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

Gallagher appointed as broker for Special Olympics GB

Axa XL promotes Nunn to political risk, credit & bond, UK & Lloyd’s head

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.

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