Updated: UK capacity was pulled last month as directors say they were not prepared to go offshore or use "obscure foreign markets".
As providers continue to pull out of unprofitable lines of business, a generation of brokers who have never known a hard market could struggle in a capacity crunch, industry experts have warned.
Laurence Eastham and Siân Barton consider the top stories from the first full week back in the office in 2020, focusing on Gefion and the recent spate of run-off announcements.
Marine specialists expect to find replacement cover in the short-term, but predict that more market hardening is on the way.
Decision could result in a small number of redundancies as the insurer pointed to pressure and low margins in the sector.
Neon's parent company American Financial Group has decided to exit the Lloyd's market.
Syndicate 5768 will stop underwriting as of the end of this year as it fails to secure enough support.
Move follows decision to place Tokio Marine Kiln Insurance into run-off in June.
Most recent results for Tokio Marine Kiln Group show losses for TMKI which is now being placed in run-off.
Gibraltarian insurer warns liquidation would be costly for creditors and could delay claims payments.
HSBC Insurance Services Holdings has agreed to sell HSBC Insurance (UK) to Syndicate Holding for £68.5m in cash.
Bluefin has announced that it is putting its Elite underwriting facility for small to medium sized enterprise (SME) business into run-off in favour of expanding its existing Platinum product range.
Axa has confirmed that its personal lines intermediary business has exited the Westinsure broker network and that all preferential commission rates for that book have ceased.
Tenet has released a new run-off cover scheme which it claims will plug a hole in the professional indemnity insurance market.
Ecclesiastical has announced its plans to cease underwriting London market business and begin the run-off of the existing portfolio of its subsidiary Ecclesiastical Underwriting Management (EUM).
A new board of directors has been appointed at Charles Taylor Insurance Services (CTIS) as the latest stage of the development of the business.
Tawa has announced it is to buy the Pro group of companies from Swiss Re
The run-off specialist's pre-tax profit has dropped to £1.2m due to unrealised investment loss and legal costs