Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments

August 3, 2022

Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd’s of London insurer shares plunged on a first-half loss. The first grain-carrying […]

California Wildfire Fund goes without reinsurance again in 2022

July 28, 2022

Category: News

For now a third year in a row, the California Wildfire Fund is going without reinsurance or any form of risk transfer in 2022, as the market pricing on offer still does not meet the Fund’s goal of extending its […]

UK car insurance premiums increase by 6%, industry facing a “raft of challenges”: WTW

July 21, 2022

Comprehensive car insurance premiums have increased by 6% (£32) during the last 12 months, with UK motorists now paying £554 on average, according to data from WTW and Car Insurance Price Index. WTW recently warned that UK motor claims […]


Adit Ventures agrees to seed Aanika Re

July 27, 2022

Via: Reinsurance News

Adit Ventures has agreed to seed Aanika Re, a Bermuda-based insurance vehicle wholly owned by Aanika Biosciences. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. The company was founded in 2018 by […]

Financial, Risk Management

Hard to imagine motor claims inflation dropping in near-term: J.P. Morgan

July 27, 2022

Via: Reinsurance News

Inflation is “beginning to bite” in the UK motor insurance market causing adverse trends, particularly relating to claims inflation, analysts at J.P. Morgan have observed. A drop in claims inflation in the near term is hard to imagine, analysts highlighted, […]

Financial, Risk Management

Brown & Brown reports revenue increases of 15% in Q2 results

July 26, 2022

Via: Reinsurance News

Brown & Brown is reporting revenues of $839.7 million in its Q2 22 results. The firm said that this included a $112.4 million (15.5%) increase compared to Q2 21. Income before income taxes was $198.8 million, increasing 6.7% from the […]