Velocity Risk Underwriters has partnered with Louisiana State University (LSU) to develop the “Velocity Risk LSU Gulf Hurricane Outlook” model, the first of its kind to use daily data to predict US hurricane seasonal activity.
Agents and Brokers, Cyber Risks, D&O, Emerging Risks, P/C Insurers, Regulation Aon, Lloyd’s of London
ConnectUW Holdings (ConnectUW), the parent company of Connect Underwriting Limited and other specialist reinsurance MGAs, has announced it will take ownership of Lloyd’s box number 356 starting December 23, 2024.
Agents and Brokers, Mergers and Acquisitions, Risk Management
Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant, Munich Re, has announced that it is offering Contract and Commercial surety bonds.
Agents and Brokers, Mergers and Acquisitions, P/C Insurers Asia-Pacific & Australasia, European Union, Middle East/Africa
Demand for parametric covers from corporates and public entities will continue to increase to provide quick liquidity after a disruptive event, address gaps in traditional insurance coverage, and cover non-traditional risks, according to Aon’s Q4 2023 Global Insurance Market Insights Report.
Intact Insurance Specialty Solutions, the U.S. insurance subsidiary of Intact Financial Corporation, has named Kirk Garrett as President of Striior Insurance Solutions.
K2 Parametric Insurance Services has said it is going into a first-capacity relationship with Homesite Underwriting Managers.
AM Best, the global credit rating agency, has revised the outlook to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re).
R&Q Insurance Holdings said this morning that the Bermuda regulator has requested an independent actuarial review of its legacy reserves, its capital and its cash flow projections, which will put on hold any legacy transaction to Bermuda based R&Q Re, including a previously announced deal.
