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Sompo International profits triple in 2021

Underwriting income soars to $426m as the specialty re/insurer shaves 3.9 points off its combined ratio to 93.9%

North America Sompo International

Legacy firm Catalina restructures

Bermuda-based firm hires Aon's Steingold as it separates origination from M&A 

Bermuda Legacy

Allstate tallies $316m of April catastrophe losses

Illinois-based group continues to hike premium rates 

North America Allstate

IGI's income rises 90% on improved underwriting

Short-tail and long-tail specialty insurance segments drive underwriting profit growth


PartnerRe's operating income surges on non-life underwriting

Combined ratio improved by 12 points to 84.7% despite $50m in Ukraine losses

Bermuda PartnerRe

Beazley bulls lift share price by 9%

Insurance stocks rise in value but fail to match S&P 500 gains

Europe United Kingdom

Fusion launches US M&A insurance operation

Specialty MGA hires Brian Hayes from AIG to lead Americas operation, with capacity from Markel

Specialty Distribution

Convex set for $3bn GWP in 2022: Catlin

Bermuda-based specialty carrier reports gross written premiums surged 93% to $2.12bn in 2021 and says it is ‘monitoring’ Ukraine exposures

Bermuda Ukraine War

FedNat CFO Jordan resigns amid ongoing turmoil

News comes days after the Florida Office of Insurance Regulation approved a restructuring plan for group

North America People moves

ICPEI's income soars on improved underwriting

Toronto-based group’s combined ratio improves 2.0 points in first quarter to 88.4% as underwriting income surges 80%

North America

Citizens warns of 'complete disarray' in Florida reinsurance market

Florida insurer of last resort approves spend of $400m to cover 90% of reinsurance needs as CFO cautions coverage will be ‘difficult to place’

North America Reinsurance

RenRe leads Bermudians on underlying performance

Kevin O’Donnell-led carrier once again achieves the best performance, as Axis Capital is the most improved in Q1 and Arch Capital takes the biggest Ukraine war hit, Insurance Day’s analysis finds

Bermuda RenaissanceRe

SiriusPoint chief Sankaran resigns

Daniel Malloy named as interim chief executive

Bermuda People moves

Marcus named Berkley Industrial Comp president

WR Berkley appoints Michael Marcus to succeed Chandler Cox to lead subsidiary providing workers' compensation cover to high-hazard industries

North America WR Berkley

Berkshire invests $620m in Markel

Warren Buffett-led re/insurance and investment holding company made $41.6bn in net share purchases during the first quarter

North America Berkshire Hathaway

Allianz agrees $6bn Structured Alpha settlement

German insurance giant enters into settlements with the Department of Justice and the Securities and Exchange Commission, pleading guilty to one count of criminal securities fraud and accepting it violated US securities laws

North America Allianz
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