February 15, 2024
Via: Reinsurance NewsJapanese insurer Mitsui Sumitomo Insurance (MSI), owner of Lloyd’s of London underwriter MS Amlin, is investing in the UK hub as it announces its plans to increase its underwriting capacity to £3 billion in the next five years. According to […]
January 5, 2024
Via: Insurance BusinessNew equity research from Jefferies highlights that in the global property-catastrophe reinsurance market, prices have seen an additional increase of 3% on a risk-adjusted basis, following a 37% rise last year. The trend suggests continued robust demand in the industry, […]
December 15, 2023
Via: Reinsurance NewsHelios Underwriting PLC, the Lloyd’s investment vehicle, has upped its capacity for 2024 to £501 million, as the company takes advantage of new syndicate opportunities. This 2024 capacity represents a 61% increase from 2023, where total capacity stood at £310 […]
December 4, 2023
Via: Artemis BMLGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investment unit of the private bank and asset manager LGT Capital Partners, is confident that market conditions are going to remain attractive into 2024, even expecting some marginal price increases in […]
November 8, 2023
Via: Insurance JournalDOXA Insurance Holdings announced it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management. The Fort Wayne, Indiana-based MGA said the investment will help fuel its ongoing acquisition strategy in addition to its organic growth […]
October 5, 2023
Via: Reinsurance NewsReserv, a leader in AI-driven insurance claims processing, has announced the close of its $20M Series A round of financing to expand its generative AI claims data analysis tools. This latest funding round was co-led by Altai Ventures and Bain […]
October 3, 2023
Via: Insurance BusinessPrivate equity investments by US insurance companies experienced a modest growth of 3.3% in 2022, reaching $132.0 billion, a significant slowdown compared to the exceptional growth of the preceding year, as highlighted in a recent AM Best report. In the […]
September 28, 2023
Via: Insurance JournalBritain set out plans on Thursday to ease key banking and insurance rules in the latest attempt to boost its vital financial sector following the country’s departure from the European Union. Brexit has cut off Britain’s finance industry, which accounts […]
August 10, 2023
Via: Insurance BusinessThe insurance industry is hyper fixated on an issue that is extremely relevant to the property sector, namely valuation. That is according to Ben Beazley (pictured), executive vice president, national accounts property at Jencap Group. “Valuation is the hottest topic […]
June 8, 2023
Via: Reinsurance NewsIncline P&C Group, the leading insurance program market services firm, has secured a significant investment of $125 million from Braemont Capital. Braemont, known for partnering with exceptional companies during their growth inflection points, aims to support Incline in expanding its […]
May 5, 2023
Via: Insurance BusinessNew funding for the global insurtech sector rose to $1.39 billion during the first quarter of 2023, according to a new report from Gallagher Re. That’s up from $1.01 billion in the fourth quarter of 2022, the lowest quarterly total […]
March 24, 2023
Via: Insurance BusinessPCF Insurance Services (PCF) is at a “moment of convergence” after investing heavily in data and technology capabilities last year. The independent commercial insurance brokerage, one of the fastest growing in the US, is ready to fuel its organic growth […]
January 31, 2023
Via: Reinsurance NewsAXA XL Reinsurance has appointed Dan Bryan as Head of Asia, Reinsurance, effective February 1st. Previously, Bryan held the role of Head of Treaty Underwriting for Asia. In this new role, he will continue to work with AXA XL Reinsurance’s […]
Geo-Political, Risk Management
November 16, 2022
Via: Reinsurance NewsAnalysts at S&P Global Ratings note in a new report that EMEA insurers are facing a “perfect storm” of capital market volatility, recessionary risks and heightened inflation, even as rising interest rates support investment income. But Credit Analyst Volker Kudszus […]
August 16, 2022
Via: Reinsurance NewsMidwest Holding Inc. has announced a GAAP net income of $9.3 million for the second quarter of 2022, against a loss of $5 million for the prior year period. Alongside the year-on-year improvement in net income, Midwest also reported a […]
June 23, 2022
Via: Insurance JournalThe head of a small, South Florida investment firm has been charged with insurance fraud after he submitted a $300,000 roof-leak claim to his insurer, American International Group, along with allegedly fake photos of mold and other damage to his […]
Cyber Risks, Risk Management, Trends
June 16, 2022
Via: Reinsurance NewsCrypto assets and quantum computing have been flagged by analysts at Swiss Re as two of the most significant emerging risks for insurers and reinsurers, with the potential to create new risks within the global financial system. Swiss Re’s 10th […]
June 9, 2022
Via: Reinsurance NewsA new report from Swiss Re Institute states that Euro area inflation pressure is broadening out and becoming “stickier”, as core Consumer Price Index (CPI) rises to a new multi-decade high. The current inflation surge is also increasing claims severity […]
May 5, 2022
Via: Reinsurance NewsGlobal specialty insurer and reinsurer SiriusPoint has reported a decline in results for the first quarter of 2022, mainly due to a large loss on investments, as well as an underwriting hit due to exposures to the war between Russia […]
May 4, 2022
Via: Reinsurance NewsGlobal investment in insurtech breached $15.8bn in 2021, according to Gallagher Re’s Global Insurtech Report. The figure, said Gallagher Re, was the highest on record and more than 2019 and 2020 combined. The firm said that over the course of […]