Swiss Re forecasts strong growth and improved profitability for US P&C insurance in 2024
The US Property and Casualty (P&C) insurance industry is poised for a robust year in 2024, as indicated by a recent report from the Swiss Re Institute.
Fairness, accuracy & human empathy key as Gen AI transforms customer-insurer interaction: GA
Generative AI (Gen AI) is rapidly transforming the insurance customer journey, but its successful adoption will depend on insurers addressing core customer concerns around privacy, accuracy, and the loss of human connection, a new report by the Geneva Association (GA) has found.
SecuRisk ensures the availability of reliable data for risk assessment & pricing: WRMS
In April 2023, Weather Risk Management Services (WRMS), the agriculture and climate risk management firm, launched SecuRisk, a digital-first global parametric insurance marketplace, that aims to address the gaps and challenges in emerging economies regarding insurance coverage.
Enstar completes $75m legacy reinsurance agreement with James River
The previously announced $75 million adverse development cover (ADC) reinsurance agreement between a wholly owned subsidiary of legacy player Enstar Group and certain subsidiaries of Bermuda-domiciled insurance holding company, James River Group Holdings, has been completed following receipt of the relevant regulatory approval and satisfaction of the other closing conditions.
Grayscale secures SEC legal win over bitcoin ETF
A US federal appeals court has sided with an asset manager in a lawsuit against the Securities and Exchange Commission (SEC) after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF).
Robbie MacDonald named IQUW Head of Property
IQUW, a property and specialty re/insurer, has announced the promotion of Robbie MacDonald from Head of Property, Direct and Facultative (D&F) to Head of Property.
FCA charges reality TV stars over ‘finfluencer’ campaign
The Financial Conduct Authority has charged a host of so-called ‘finfluencers’ – including former Only Way is Essex star Lauren Goodger – for promoting an unauthorised trading scheme to their social media followers.
Munich Re launches new AI validation service
Munich Re has launched a new validation service for trustworthy artificial intelligence.
Washington Wizards owner wins partial victory in COVID case
Coverage Disputes, P/C Insurers Chubb Ltd., FM Global
Samsung Fire & Marine lead aviation insurer of Jeju Air crash, AXA XL said to be main reinsurer
A statement from Jeju Air has revealed that Samsung Fire & Marine Insurance was the lead aviation insurer, while AXA XL served as the primary reinsurance provider for the plane that recently crash-landed at Muan International Airport in South Korea, killing all passengers and most of the crew.
Lemonade expands Aviva partnership with UK buildings & contents cover launch
Lemonade, the digital insurance organisation, has expanded its UK homeowners offering with the launch of buildings and contents insurance, in a continuation of the firm’s ongoing partnership with Aviva.
DC appeals court rules for insurers in COVID case
Catastrophes, Coronavirus, Coverage Disputes, Emerging Risks, P/C Insurers
Magenta signs capacity deal with Zurich for MNW home insurance
Magenta, part of DUAL UK, has announced that it has signed a new deal with global insurer Zurich to provide capacity for its mid-net-worth (MNW) home insurance product.