Insurance
-
April 23, 2024
Sompo pledges lead capacity, expansion and local empowerment in France and Spain
Sompo International is making a big effort to grow in France and Spain, with more continental European markets likely to…
-
April 23, 2024
Transactional risk market set to rebalance on back of M&A activity, says Chubb
Chubb’s new international transactional risk platform will initially focus on EMEA risks but will look to expand further in a…
-
April 22, 2024
Global insurers’ market capitalisation grows as results improve
The aggregate market capitalisation of the top 25 global insurers grew 8.3% to $3.02trn on a quarter-on-quarter basis during the…
-
April 22, 2024
MNK Group acquires Costa Rican insurer Oceánica de Seguros
UK-based MNK Group has acquired Oceánica de Seguros, an insurer based in San José, Costa Rica. The deal, completed through…
-
April 22, 2024
New chief underwriting officer for Markel’s Indian operations
Priyanka Gautama has been appointed as chief underwriting officer for Markel’s Indian operations, subject to regulatory approval. Operating from Markel’s…
-
April 22, 2024
Rates drive change in AM Best’s London market outlook to positive
Rating agency AM Best says strong pricing is driving underwriting profitability and behind its positive outlook on the London insurance…
-
April 22, 2024
North American broker M&As slow in first quarter to Covid-19 levels
Mergers and acquisitions among North American insurance brokers and agents fell 18% in the first quarter, falling to the lowest…
-
April 22, 2024
AI must be carefully monitored but will benefit insurance industry, say experts
The insurance industry is poised to benefit from the use of artificial intelligence but adopters of the technology must stay…
-
April 19, 2024
Marsh tracks slowdown in global Q1 rate hikes
Marsh’s global insurance rate index increased 1% in the first quarter of this year, compared with 2% in Q4 2023,…
-
April 19, 2024
Markel names head of terrorism in London
Chloe Gordge has been appointed as Markel's new head of terrorism in London. Gordge will lead the day-to-day running of…
-
April 19, 2024
Insurers defend Nord Stream’s €400m lawsuit as act of war
Insurers for the Nord Stream gas pipeline damaged by blasts in 2022 have denied coverage in defence of a lawsuit…
-
April 19, 2024
Allstate posts nat cat loss of $343m for March
US insurer Allstate incurred a $343m pretax catastrophe loss in March, significantly lower than the same period in 2023. The…
-
April 19, 2024
UAE flash flood losses manageable as insurers adapt to changing weather
The recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) is expected to prompt swathes…
-
April 19, 2024
Markel launches professional indemnity solution in Australia
Markel has launched professional indemnity solutions in Australia with localised wordings. The new products are designed primarily for Australian-domiciled businesses,…
-
April 19, 2024
AEGIS London recruits cyber underwriting team from AIG
Lloyd’s syndicate AEGIS London has hired a new cyber underwriting team. Daniel Johnson has been appointed to the role of…
-
April 19, 2024
Marsh McLennan reports 9% revenue growth for Q1
Marsh McLennan reported $6.47bin in revenue for the first quarter of 2024, a 9.3% increase from the same period last…
-
April 19, 2024
Convex books first annual profit since 2019 launch
Bermuda-based international insurer and reinsurer Convex entered the black for the first time since it launched in 2019, with net…
-
April 18, 2024
Munich Re reorganises P&C underwriting in Asia Pacific, Middle East & Africa
Munich Re has reorganised its local P&C underwriting in Asia Pacific, Middle East and Africa (APAC MEA) with stronger local…
-
April 18, 2024
Two-paced upstream energy market falls in favour of buyers
The upstream energy insurance market “could well be at the beginning of a new market softening spiral” as tier 1…
-
April 18, 2024
Energy insurer Paratus launches brokerage division
UK-based energy insurer Paratus has established a brokerage division to focus on energy price risk insurance products in the maritime,…