Region
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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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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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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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Swiss captives set for lighter regulation under revised insurance law
The principle of proportionality will be enshrined in the upcoming new Swiss insurance law, thus ensuring that captives are not…
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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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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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US banks fined $2bn for failure to keep records
Wall Street banks are to pay penalties totalling more than $2bn for failing to maintain and preserve electronic communications. The…
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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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Cat capacity crunch in focus as hurricane Ian nears Florida coast
The ability of the global insurance and reinsurance industry to shoulder catastrophe risk is being called into serious question as…
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Hurricane Ian reconstruction costs estimated at $258bn for one million homes at risk: CoreLogic
Data and analytics company CoreLogic said its data analysis shows 1,044,412 homes along the Florida gulf coast with a reconstruction…
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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.…
