Perils, a Zurich-based organisation providing industry-wide catastrophe insurance data, has raised its estimate for the insurance market loss from windstorm Éowyn to €747m (£650.27m), from €696m previously. Windstorm Éowyn mainly affected the Republic of Ireland, Northern Ireland and the Central Belt of Scotland from 24–25 January 2025, with a record-breaking wind gust of 185 km/h … Read more
MS Amlin has named Christiern Dart, previously group chief underwriting officer at Brit, as CEO to succeed Andrew Carrier. Carrier, who is retiring from the role after three years as CEO, will stay with MS Amlin until the end of the year and then within the wider Mitsui Sumitomo group as an executive officer. Dart, … Read more
Commercial market rate softening in the UK continued at 6% in the second quarter, according to Marsh, identical to the pace at the start of the year. The fall in April to June was the sixth quarterly decline in a row. The downturn started at 2% in Q1 2024, picking up speed to 5% in … Read more
Specialist managing general agent Arkel has secured an increased limit of £120m gross written premium of A-rated capacity with AmTrust over the next three years for non-standard household insurance. Part of the Atec Group, the MGA specialises in personal lines, residential and commercial products. The deal takes Arkel’s total annual capacity to £65m GWP. Having … Read more
Santam, Africa’s largest short-term insurer, has been granted in-principle approval by Lloyd’s to launch Santam Syndicate 1918. It aims to start underwriting later this year, with business incepting from 1 January 2026. The provider has planned for £300m–£400m of gross written premium in the first year. Asta, a third-party managing agency, has been appointed as … Read more