UpCover, Australia's only digital-first commercial insurance broking company, has successfully raised $19 million in its Series A funding round. This significant milestone marks a pivotal moment in UpCover's mission to disrupt the Australian commercial insurance sector. The funding effort,
The Marsh Global Insurance Market Index for the fourth quarter of 2024 reveals significant shifts in global commercial insurance rates, reversing a seven-year trend of consistent rate increases. The overall global insurance rates declined by 2%, marking the second consecutive quarterly decrease.
In today's volatile market, commercial property owners face numerous challenges in securing comprehensive insurance coverage. Escalating property values, tighter insurance markets, and the pervasive effects of climate change have made it increasingly difficult to protect financial stability. With
Stone Ridge Asset Management, a New York-based alternative risk premia investment manager, has garnered significant attention for its exceptional performance and innovative approaches in the reinsurance and insurance-linked securities (ILS) markets. Under the leadership of CEO Ross Stevens, the
Saudi Re's recent announcement of a reinsurance contract with Walaa Cooperative Insurance Company marks a significant milestone in the Saudi insurance industry. This deal, centered around the Surety Insurance Bonds Coinsurance Program, is poised to provide financial guarantees ensuring that
On January 1, 2025, Aon, a prominent global insurance and reinsurance broking group, successfully completed the acquisition of Griffiths & Armour, a distinguished UK insurance broker. This strategic move aims to broaden Aon's regional footprint in the UK and Ireland, allowing both entities to
