CRE Insurance
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Group risk claims hit record high of £2.59bn in UK
Group risk claims increased by almost 4% in the UK last year to reach a record £2.59bn, according to group…
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Cyber MGA Resilience expands into Germany and Austria
Expanding US-based cyber risk MGA Resilience has expanded its European insurance operations to Germany and Austria. The company has hired…
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German insurers defy weak economy with strong solvency numbers
German insurers are defying the weak economy and remain financially robust, according to analysis by the German insurance association (GDV).…
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Brokers fear AI underwriting will lead to uninsurability
AI underwriting is a double-edged sword that could help find solutions for difficult and emerging risks, but many brokers are…
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BIBA says IPT is a tax on resilience and wants it kept on hold
The British Insurance Brokers’ Association’s incoming chair Caroline Barr said that insurance premium tax (IPT) penalises resilience and urged the…
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Insurers and buyers not fully ready for Italian nat cat scheme, says Anra
Italy’s mandatory nat cat insurance scheme has been partly delayed for a second time because neither buyers nor insurers are…
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UK to confirm captive regime later this summer: reports
The UK government has delayed an announcement on a new regime for captives, according to reports. City AM said it…
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Belgium insurer Ethias transfers European liability portfolio to Compre
Bermuda-based insurer Compre has announced the completion of the insurance business transfer of a portfolio of European casualty and motor…
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HDI Global leads strong Q1 Talanx result
HDI Global led a strong first quarter result for parent group Talanx as it reported revenues and profits up 5%…
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Ardonagh Advisory houses acquisitions under Everywhen brand
UK-based insurance broker Ardonagh has launched a new Everywhen brand for its UK advisory business, Ardonagh Advisory, after inheriting 45…
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AGCS records 0.9% fall in rates in Q1
Allianz Global Corporate & Specialty (AGCS) booked a 5.6% fall in operating profit to €223m for the first quarter of…
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Resilience launches cyber risk calculator
Resilience has launched a cyber risk calculator to translate buyers’ cyber risk into a financial loss. Using AI and industry…
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UK government urged to move faster on cyber risk to protect business
The UK government is struggling to keep up with fast-changing cyber risk and deliver a fit-for-purpose regulatory response to protect…
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BIBA says FCA regulatory consultation should deliver more choice for commercial buyers
The British Insurance Brokers’ Association (BIBA) has welcomed the FCA’s new consultation paper that aims to simplify rules governing UK…
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BIBA launches disclosure guide
The British Insurance Brokers’ Association (BIBA) has launched new guidance to help companies and individuals disclose key information when placing…
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UK proposes to cut back rules for commercial insurers
The UK financial services regulator said it will “strip outdated or duplicated requirements” in an overhaul of its insurance rulebook,…
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Wefox completes restructuring with deal to sell Italian operations
Insurtech Wefox said it will sell its Italian business to private investment firm J C Flowers, in a move that…
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Pen launches cyber risk management tool for insureds and brokers
London market MGA Pen Underwriting has launched a new risk management platform to help customers and brokers around the world…
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Markel offers cyber war cover wrap for large corporates
Markel has launched a specialist cyber product providing cover of up to $5m for indirect losses arising from war to…
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Hannover’s P&C service result down almost 50% after heavy wildfire losses
Hannover Re’s net income fell 13.9% in the first quarter to €480m as Californian wildfire losses busted its budget expectations.…