Zurich hires former Swiss Re exec as group CFO
P/C Insurers, Reinsurance Switzerland Swiss Re, Zurich
2025 robust bulk annuity market to benefit UK life insurers: Fitch
Strong bulk annuity volumes are expected for 2025, which will continue to benefit UK life insurers despite potential challenges from regulatory changes, according to a recent Fitch Ratings report.
Coronavirus coverage tied to physical damage definition: Experts
Agents and Brokers, Catastrophes, Coronavirus, Emerging Risks, General liability, P/C Insurers
Banking and credit financial complaints skyrocket in 2024 FOS reports
The Financial Ombudsman Service (FOS) has reported that they received 40% more complaints in the first half of 2024 than in the same period in 2023.
Moody’s notes steadier growth in US life insurers’ CLO Holdings
The credit analysis and research firm Moody’s Ratings reports that US life insurers continue to expand their investments in collateralised loan obligations, though the pace of increase has become more measured compared with previous years.
Insurers need not cover lead-paint abatement fund payment
Coverage Disputes, P/C Insurers Lloyd’s of London
SCOR announces first underwriting exclusions on oil
During its recent Annual General Meeting, global reinsurer, SCOR announced its first underwriting exclusions on oil, as the company announced the end of coverage for new oilfield projects by 2023.
Hub acquires New York-based broker
Agents and Brokers, Mergers and Acquisitions, Risk Management Hub International
Victor steps into reinsurance with Regional Treaty Services acquisition
Victor, a global managing general underwriter (MGU), has acquired the business of Regional Treaty Services Corporation (RTSC), a privately held reinsurance MGU.
Former JLT captive leader joins Hylant
Agents and Brokers, Alternative Risk Transfer/Captives Jardine Lloyd Thompson Group, Marsh & McLennan
Ripe appoints Richards as head of M&A as it accelerates expansion plans
UK fintech Ripe has announced the appointment of Jamie Richards as Head of Mergers and Acquisitions (M&A).
Canada’s P&C insurers weather record cat losses while maintaining stable outlook: AM Best
According to a new report from the credit rating agency AM Best, Canada’s property and casualty (P&C) insurers drew on strong capital reserves, prudent pricing, and sound risk management practices to absorb the financial effects of the country’s costliest year for natural catastrophes.