Hiscox reports ‘strong growth’ in premiums in Q1 2022
Hiscox is reporting ‘strong growth’ in its group gross written premiums for Q1 2022, saying that they rose by 10.3% to reach $1,386.3m.
Competitive pension buyout costs decline in April 2025, Milliman reports
Milliman, Inc., a consulting and actuarial firm, has released its latest Milliman Pension Buyout Index (MPBI), revealing a meaningful reduction in the estimated cost of transferring retiree pension liabilities to insurers.
Bank profits face $170bn hit from AI – McKinsey
Failure to adapt to consumers’ increased use of AI could see banks lose as much $170bn, according to a report from McKinsey.
Mass. high court asked to define surface waters in storm damage case
Coverage Disputes, P/C Insurers Zurich
Kraken begins roll out of debit card across the UK and EU
Crypto platform Kraken has rolled out the Krak card, a multi-asset debit card for fiat and crypto payments.
$5bn+ of additional reinsurance limit sought by carriers at mid-year renewals: Aon
Buyers sought an estimated additional $5 billion+ in limit at the mid-year 2022 reinsurance renewals, driven mostly by elevated inflation expectations, and also heightened secondary peril losses, reports Aon.
Modern Treasury buys stablecoin platform Beam
Payments orchestration platform Modern Treasury is expanding into stablecoins through the acquisition of Beam. Financial terms of the deal were not disclosed.
Buoyed in part by job market, Fed might not cut interest rates until year end
If you’re hoping the Federal Reserve cuts interest rates this month, you might be disappointed. Comerica Bank predicted policymakers might not make a move until it’s time to celebrate Christmas, Hannukah and Kwanzaa. The Federal Open Market Committee will announce … [Read More]
James River appoints Bob Zimardo as SVP, Investments and Investor Relations
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Bob Zimardo as Senior Vice President (SVP), Investments and Investor Relations.
Patrick Tiernan named Lloyd’s CEO
The Council of Lloyd’s has appointed Patrick Tiernan as Chief Executive Officer (CEO) of the specialist Lloyd’s insurance and reinsurance marketplace, effective June 1st, 2025.
Nasdaq unveils Marketplace Services Platform
Nasdaq has launched Marketplace Services Platform, making it easy to exchange assets, services and information across market ecosystems.
IAG reports rise in net profits
Australian insurer IAG is reporting that it saw net profits after tax of $347m in the year ending June 2022.
Predatory loan apps proliferating on Apple App Store and Google Play
Cloud security company Lookout has uncovered nearly 300 loan apps circulating on Apple’s App Store and Google Play that exhibit predatory behavior, such as exfiltrating excessive user data from mobile devices and harassing borrowers for repayment.
Banks and mobile operators collaborate on Scam Signal for detecting APP fraud
GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s mobile network operators and banks to develop and launch Scam Signal, a new system to help address Authorised Push Payment (APP) fraud in the UK.