Insurance
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Hurricane Ian losses could exceed $40bn as storm heads to Carolinas: Fitch
Insured losses from hurricane Ian are estimated to range between $25bn and $40bn but the bill could escalate as the…
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Rising interest rates wipe 72% off world’s ten largest reinsurers’ net income in H1
Global P&C reinsurers recorded improved underwriting results in the first half of this year but the impact of rising interest…
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Best sees potential for profitable growth for sub-Saharan reinsurers
Sub-Saharan Africa’s reinsurance market has expanded during the past decade as a result of steady real GDP growth and international…
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IAIS highlights role of supervisors in response to future pandemics
The response to future pandemics is likely to involve multi-stakeholder insurance-based programmes, and insurance supervisors could act as a bridge…
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Independent unified insurance regulator to be established in Saudi Arabia
The authorities in Saudi Arabia have approved the establishment of an independent regulatory authority to oversee the insurance sector and…
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Optio launches Dubai-based MGA and reinsurance broker
Specialty MGA Optio Group is to establish an MGA and reinsurance broker in Dubai, subject to final approvals from the…
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Schulte leads new unified property lines at HDI Global
HDI Global is bringing together its portfolio steering teams in the property lines. The carrier says the newly centralised operatoin…
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Hurricane Ian losses will add fuel to reinsurance rate rises
Significant insured losses from Hurricane Ian will drive rates up ahead of key reinsurance renewals next month, according to analyst…
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BHSI confirms further European growth in Belgium and Spain
Berkshire Hathaway Specialty Insurance (BHSI) has made further strides forward in recent weeks to establish itself as a leading player…
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Kessler cements position in French-speaking Swiss market with new Sion office
Leading Swiss insurance broker and benefits consulting firm Kessler has further cemented its position in Switzerland with a new office…
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QIC Global rebrands core companies as Antares
Specialty insurance and reinsurance firm QIC Global is to rebrand its core companies using the Antares name, creating a single…
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Global average annual insured losses from catastrophes to exceed $120bn, says Verisk
Catastrophes are expected to cause about $123bn in insured losses on an annual average basis globally, compared to an average…
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Ascot launches new US miscellaneous professional liability unit
A new miscellaneous professional liability (MPL) unit has been launched by Ascot in the US. The new unit will provide…
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New assistant director of captive insurance in Vermont
Jim DeVoe-Talluto has been promoted to assistant director of captive insurance at the Vermont Department of Financial Regulation. DeVoe-Talluto replaces…
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Insurance sector’s Dive In Festival finds mental health and gender equity needed to improve diversity
A survey of 20,500 insurance industry professionals as part of the launch of the Dive In Festival 2022 found mental…
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BoE will not enter regulatory ‘race to the bottom’ to win business
The Bank of England (BoE) has said it will not engage in a “regulatory race to the bottom” to attract…
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QBE sells select Irish renewal rights to Ascot
QBE has sold the renewal rights of select Irish casualty commercial insurance portfolios to Ascot, following its decision earlier this…
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AM Best affirms CCR Re’s ratings following majority sale announcement
Credit ratings agency AM Best has held the financial strength rating of CCR Re at A following the announcement that…
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US hospitality benefits captive launched by Hub International
Hub International has launched a benefits captive for hospitality employers in the US, and those with cross-border operations in Canada.…
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Super-typhoon Nanmadol losses manageable for Japan’s non-life insurers, says Best
AM Best expects insured losses from super-typhoon Nanmadol to be manageable for Japan’s non-life insurers. Best noted that the typhoon,…
