California Business Owners Arraigned for Workers’ Comp Fraud

May 18, 2022

Three California business owners were arraigned for insurance fraud this week after an investigation reportedly showed they illegally conspired to lower workers’ compensation premiums. Troy Williams, 49, of Angels Camp, Nanci Morman, 68, of Somerset, and John Allison, 63, of […]

Ambac posts specialty P&C loss amid business transition

May 12, 2022

Ambac Financial Group, Inc. has posted net income of $2 million for the first quarter of 2022, and adjusted earnings of $14 million. This compares to net income of $17 million and adjusted earnings of $41 million for the same […]

Insurers to pay out nearly £500m on Storms Dudley, Eunice & Franklin: ABI

April 29, 2022

Recent figures released from the Association of British Insurers (ABI) show that the damage caused by Storms Dudley, Eunice and Frankin, that hit much of the UK during February 2022, is expected to lead to insurers paying out nearly £500m […]

Brokers, Financial, Risk Management

Lockton posts record Q1 revenue growth

May 17, 2022

Via: Reinsurance News

Insurance and reinsurance broker Lockton has posted record revenue growth of 27% over the period from Q1 2021 to Q1 of this year, most of which was organic revenue growth. The company reported revenue of $2.69 billion for the first […]


Slowdown in European insurance M&A over Q1

May 16, 2022

Via: Reinsurance News

New market research by FTI Consulting shows a slight slowdown in European insurance M&A deal volumes relative to Q1 2021, which it says were affected by macro trends such as the pandemic and the Russia-Ukraine conflict. In part, analysts noted […]

Financial, Risk Management

“Four European reinsurers saw decline in profits in Q1 2022” – Fitch Ratings

May 16, 2022

Via: Reinsurance News

The decline in profits for four major European reinsurers is down to varying factors, says Fitch Ratings. The agency said that the Q! 2022 results for Munich re, Swiss Re, Hannover Re, and SCOR saw an average return on equity […]