Axis estimates $235 million in COVID-19 losses
Catastrophes, Coronavirus, Financial Results, P/C Insurers Axis
Munich Re a stabilising force in uncertain times: Kopff
Clarisse Kopff, Member of the Board of Management at Munich Re, has indicated that amid climate-related perils and the impacts of geopolitical and macroeconomic instability, the firm will continue to fulfil its stabilising role, grounded in enduring client relationships.
Cincinnati Financial announces leadership promotions for key insurance operations
Insurer Cincinnati Financial Corporation is strengthening its leadership team to drive profitable growth in its insurance operations.
Beazley creates integrated cyber risk management company, Beazley Security
Specialty insurer Beazley has announced the merger of its in-house Cyber Services team with its wholly owned cyber security company Lodestone, creating an integrated cyber risk management company, Beazley Security.
Cyber insurance premiums fall in U.S. for first time, up globally
Cyber Risks, Emerging Risks, P/C Insurers, P/C Pricing, Technology
Emea fintech takes biggest hit in funding downturn
The European fintech industry bore the brunt of a global drop in fintech funding during the first half of 2023, declining by more than half over the peceding period.
Raul Fernandez appointed President & CEO of DXC Technology
DXC Technology, a provider of insurance and reinsurance software and technology solutions, has announced that the Company’s Board of Directors unanimously appointed Raul Fernandez as its President and Chief Executive Officer, effective immediately.
Russia-Ukraine conflict denting global confidence
Russia’s invasion of Ukraine in recent weeks has caused confidence in global trade to fall dramatically, according to the latest Allianz Trade Global Survey 2022.
R&Q fails to get sufficient shareholder votes for acquisition at first attempt
Shareholder voting on the proposed takeover of Randall & Quilter Investment Holdings Ltd (R&Q), the non-life global specialty insurance company focused on program management and legacy transactions, in a deal backed by investment group 777 Partners, has been adjourned as the company seeks to gain additional support for the deal.
Reinsurance prices expected to remain strong: Morgan Stanley
Catastrophe Modeling, Catastrophes, P/C Insurers, Property, Reinsurance
Optalitix partners with PwC to enhance pricing platform adoption in the London Market
Specialist data analytics solutions provider Optalitix has formed a strategic partnership with PwC to enhance implementation services and support for users of Optalitix Quote, the company’s underwriting and pricing platform for insurers.
Radian Guaranty secures $373m of XoL reinsurance coverage
US-based company primarily known for mortgage insurance, Radian Group Inc.’s wholly owned subsidiary, Radian Guaranty, has agreed to the principal terms of an approximately $373 million excess of loss (XoL) reinsurance arrangement with a panel of highly rated third-party reinsurance providers.
MPs launch excoriating attack on the FCA
An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as ‘incompetent at best, dishonest at worst’, in a hard-hitting report that calls for wholesale reforms at the financial watchdog.
Organisations to benefit from Artex newly launched Vermont Protected Cell Company
Artex, Gallagher’s wholly-owned subsidiary for alternative risk and capital, has launched its first Vermont Protected Cell Company (PCC), to provide organisations of all sizes and industries with an alternative platform to support their risk transfer needs.
Beazley lifts outlook after profit nearly doubles
Cyber Risks, Financial Results, P/C Insurers United Kingdom