Companies face potentially tighter constraints on AI use as regulators lead drive to assess risks
Agents and Brokers, Current Issue, Cyber Risks, Emerging Risks, Regulation, Technology European Union Marsh & McLennan, USI Insurance Services
Africa Specialty Risks launches cyber insurance for African businesses
Africa Specialty Risks (ASR), the developing-markets-focused re/insurance group, has marked its entry into cyber insurance with the launch of a digital quote-and-bind policy for African businesses.
Bank of Ireland to cut jobs in efficiency drive
Bank of Ireland is set to reduce its headcount as part of a digitally-fuelled efficiency drive, according to its chief executive.
mea Platform adds former XL Group CEO McGavick as Board Chairman & Strategic Advisor
mea Platform, a GenAI-powered global platform that aims to simplify insurance processes, has appointed former Chief Executive Officer (CEO) of XL Group (now AXA XL), Mike McGavick, as Board Chairman and Strategic Advisor to drive growth.
Global insurtech investment jumps 37% in Q1: Gallagher Re
Agents and Brokers, P/C Insurers, Reinsurance, Technology Asia-Pacific & Australasia, India, United Kingdom Arthur J. Gallagher & Co.
Arundo Re’s growth ambitions earns S&P positive assessment
S&P Global Ratings has expressed a positive view on Arundo Re’s strategic growth ambitions, assigning the international reinsurer a financial strength rating of ‘A’ with a stable outlook.
“Hard market likely to continue into 2023” – Goldman Sachs
Goldman Sachs says that the industry is currently in the hardest part of a market cycle that is set to continue into next year.
MS Transverse makes key changes to reinsurance and program leadership
MS Transverse, a hybrid fronting carrier in North America and a subsidiary of MSIGH, has appointed Pete Chandler as Chief Revenue Officer, meanwhile, Ethan Allen has been promoted to Chief Program Officer.
Convex appoints executives for Bermuda, underwriting
Excess and Surplus Lines, Reinsurance Bermuda, United Kingdom Axa, XL Catlin
Moody’s raises AXA’s insurance financial strength rating to Aa2 with stable outlook
Moody’s Ratings, a provider of credit ratings, research, and risk analysis, announced that it has upgraded the insurance financial strength rating of AXA SA to Aa2 from Aa3.
Outlook for global cyber insurance segment stable: A.M. Best
Cyber Risks, Emerging Risks, Excess and Surplus Lines, Insurance-linked Securities, P/C Insurers, Reinsurance, Technology
Acrisure Re hires Chuck Furlong as senior vice president and broker
Acrisure Re, the reinsurance division of Acrisure, has appointed Chuck Furlong as senior vice president and broker.
Hippo’s total generated premium reaches $1.1bn in FY23
Home insurance firm Hippo has posted their results for the full-year 2023, which includes total generated premium (TGP) climbing from $811 million to $1.1 billion, representing a 40% increase from 2022.