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India looks to accelerate insurance boom

Regulatory changes, supported by a fast-moving economy, aim to attract new re/insurance companies to India and bring innovative products to the market

India Casualty

Citizens eyes $4.2bn in new risk transfer for 2023 hurricane season

Florida last resort insurer's board has budgeted $725m to cover the costs of the targeted reinsurance programme 

United States Reinsurance

Canopius cuts full-year COR to 93.6%

Global specialty re/insurer reports strong underwriting performance in 2022 in the wake of its transformation programme, but investment results hurt the bottom line

London Canopius

Oxbridge Re launches sale of tokenised reinsurance

Cayman Islands-based reinsurer seeks to 'democratise reinsurance' by allowing investors to participate directly on contracts 

North America Reinsurance

Lloyd's CEO's pay exceeds £2m in 2022

John Neal’s salary and bonuses climbed to £2.09m last year, up from £1.6m in 2021, following the market’s strong underwriting performance and progress on the Blueprint Two transformation initiative

Lloyds Specialty

Acrisure Re expands London fac team with D’Arcy hire

Broker hires Ed’s Jennifer D’Arcy to lead its facultative reinsurance strategy for North America and marine business

London Reinsurance

Re/insurers post 12% premium growth in 2022: Gallagher Re

Growth driven by improved pricing in commercial lines and reinsurance business, as well as higher policy retention and organic growth

International North America

Lloyd’s has room to let the attritional loss ratio slip this year – even if it does not want to

The corporation is targeting a sub-95% combined ratio in 2023. The market’s attritional loss ratio will be critical in achieving that performance, but there is plenty of headroom implied in the target 

Lloyds Casualty

Lloyd’s 2022: Specialty reinsurance profits drop 80%

The corporation says the line’s performance was negatively affected by the war in Ukraine as the accident-year ratio deteriorates 15 points

Lloyds Reinsurance

Lloyd’s 2022: Property reinsurance profits soar

Underwriting profits for property reinsurance line increase from £54m to £247m in 2022 despite a heavy catastrophe year

Lloyds Property

Lloyd's underwriting profit climbs 52% in 2022

Market books underwriting profit of £2.6bn last year despite higher major losses as it benefits from improved attritional performance and lower costs

Lloyds Specialty

Ariel Re bullish on property catastrophe after capital injection

The Bermuda-based carrier is adhering to its investor mandate of ‘strict, discerning and vigilant’ underwriting of risk, says Joel Willens, head of international property reinsurance

Bermuda Property
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