Global insurance rates increase 4% in Q4: Marsh
Agents and Brokers, Cyber Risks, Emerging Risks, P/C Insurers, P/C Pricing, Property, Reinsurance, Technology Australia & New Zealand, United Kingdom Marsh & McLennan
Lithuania fines crypto firm EUR9.3m for Russia sanctions violations
Lithuania has fined crypto outfit Payeer a record EUR9.3 million for Russia-related sanction violations and money laundering failures.
North America reinsurance market ‘looks healthy and balanced,’ says AXA XL Re’s Schiffer
In a recent interview with Reinsurance News, Greg Schiffer, CEO of North America Reinsurance at AXA XL Re, shared his perspectives on the sustainability of current market conditions in the region and what lies ahead.
Munich Re Specialty names ex-Homesite exec as head of US programs
Excess and Surplus Lines, Reinsurance, Risk Management Munich Re
Survey: 55% of Americans want to be notified 1 week before bills are due
Commercial insurance prices up 6% in Q1
Agents and Brokers, P/C Insurers, P/C Pricing, Risk Management Willis Towers Watson
BNP Paribas joins €40 million funding round in climate data outfit Kayrros
BNP Paribas, the French Public Investment Bank Bpifrance and the European Investment Bank have joined a €40 million funding round in climate data and analytics startup Kayrros.
Stripe lets merchants accept stablecoins
After a six year hiatus, Stripe is returning to crypto, allowing merchants to accept stablecoins for online payments.
U.S. personal auto insurance continues to struggle amid rising claims severity: AM Best
U.S. personal auto insurers faced another challenging period in the first half of 2023, as claims severity continued to rise, according to a recent report by AM Best.
UK Gov proposes significant cut in risk margin as part of Solvency II reforms
The UK Government has published its Solvency II consultation which includes a proposal to cut the risk margin for carriers, a move that would free up a lot of capital on company balance sheets.
UK fintech capital investment in 2024: far from ‘rock bottom’
Innovate Finance held an event this week to launch their ‘Capital Investment in UK FinTech in 2023: Insights and Trends’ report, ahead of their Global Summit in London in April.
Market discipline key as negative rates hit most classes: Lloyd’s CUO
Rachel Turk, Chief Underwriting Officer at Lloyd’s, has acknowledged that rates have softened more quickly than anticipated, but emphasised that favourable trading conditions and ongoing market discipline are expected to drive strong performance for 2025.
Munich Re Specialty expands presence in German primary specialty insurance market
Munich Re Specialty has been granted regulatory approval to offer commercial solutions in the German primary specialty insurance market, marking the next stage of its European footprint strategy following the launch of operations in Spain on April 1.