Lloyd’s
Westfield reports 25% premium growth in H1
President Jack Kuhn cites ‘broad diversified portfolio’ and careful underwriting
Innovation is key to profitable growth: Oak Global CEO
Oak Global is looking for new markets and novel forms of distribution as the Lloyd’s newcomer establishes itself, Cathal Carr tells Insurance Day
MS Amlin profits rise 52% despite Iran war losses
Lloyd’s carrier books netprofit of £61m for the three months to the end of June
Atrium hires Pilkington as chief capital officer
Lloyd’s carrier hires Ascot executive to shape capital strategy
Gulf conflict costs marine insurers $2bn to date
Marine insurers have incurred an estimated $1.5bn-$2bn in claims from about 70 casualties linked to the Middle East Gulf conflict, according to IUMI director general Lars Lange
Blenheim launches marine new-build delivery failure product
White Bear-owned managing general agent expands marine specialty risks portfolio
Zurich half-year profits jump 13% to $4.8bn
Emea contributed $264m to the Swiss insurer’s property and casualty GWP of $29.9bn
Hiscox reserves $60m for Middle East conflict
Reserve includes around $40m for London market specialty exposure, with the rest for reinsurance losses
LMA appoints new members to CUO committee
Chaucer’s Nicola Stacey will chair the Lloyd’s underwriting committee, while Talbot’s Russell Bean has been appointed deputy chair
MS Amlin names Hobern chief actuary
Hobern will be responsible for all actuarial operations, including reserving and pricing, financial resilience and sustainable growth
PPL launches carrier response time benchmarking tool
New offering aims to use transactional data to help carriers identify where their service delivery could improve
Banyan Risk launches digital assets and emerging risks product
New offering includes directors’ and officers’ liability, professional liability and crime cover for businesses operating across emerging technology sectors
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