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Tag: investment


News

Mitsui Sumitomo reportedly to increase underwriting capacity in London to £3bn

February 15, 2024

Via: Reinsurance News

Japanese 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 […]


Risk Management, Trends

Reinsurance pricing rises again in 2024

January 5, 2024

Via: Insurance Business

New 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, […]


Financial, Risk Management

Helios Underwriting ups capacity for 2024 to £501m

December 15, 2023

Via: Reinsurance News

Helios 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 […]


Financial, Risk Management

LGT ILS Partners confident pricing will remain at attractive levels into 2024

December 4, 2023

Via: Artemis BM

LGT 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 […]


News

Goldman Sachs Asset Management Acquires Indiana-Based MGA DOXA Insurance Holdings

November 8, 2023

Via: Insurance Journal

DOXA 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 […]


InsurTech

Insurtech Reserv raises $20m Series A round to accelerate growth

October 5, 2023

Via: Reinsurance News

Reserv, 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 […]


Financial, Risk Management

Insurers’ private equity investment growth slowed to a crawl in 2022

October 3, 2023

Via: Insurance Business

Private 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 […]


Regulatory / Legal

Bank of England Sets Out Reform of Insurance Capital Rules to Boost Investment

September 28, 2023

Via: Insurance Journal

Britain 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 […]


Risk Management, Trends

What is the hottest topic in insurance right now?

August 10, 2023

Via: Insurance Business

The 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 […]


Financial, Risk Management

Incline P&C Group secures $125 million investment from Braemont Capital to drive expansion

June 8, 2023

Via: Reinsurance News

Incline 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 […]


InsurTech

Global insurtech funding on the rise – Gallagher Re

May 5, 2023

Via: Insurance Business

New 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 […]


Brokers

PCF Insurance at ‘a moment of convergence’

March 24, 2023

Via: Insurance Business

PCF 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 […]


News

AXA XL Re names Dan Bryan Head of Asia, Reinsurance

January 31, 2023

Via: Reinsurance News

AXA 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

EMEA reinsurance profits under pressure amid “perfect storm”: S&P

November 16, 2022

Via: Reinsurance News

Analysts 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 […]


Financial, Risk Management

Midwest Holdings reports strong performance in Q2 net income

August 16, 2022

Via: Reinsurance News

Midwest 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 […]


Regulatory / Legal

‘Well-to-Do’ Investment Firm Head Charged in $300,000 South Florida Insurance Fraud

June 23, 2022

Via: Insurance Journal

The 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

Crypto & quantum computing among top risks flagged by Swiss Re

June 16, 2022

Via: Reinsurance News

Crypto 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 […]


Financial, Risk Management

Euro inflation pressure broadening out, core CPI rises to new multi-decade high: Swiss Re Institute

June 9, 2022

Via: Reinsurance News

A 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 […]


Financial, Risk Management

SiriusPoint results down on investments & Russia losses

May 5, 2022

Via: Reinsurance News

Global 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 […]


InsurTech

Insurtech investment broke records in 2021 – Gallagher Re

May 4, 2022

Via: Reinsurance News

Global 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 […]