Coinbase falls after SEC threatens to sue over some crypto products
Cyber Risks, Emerging Risks, Regulation, Risk Management, Technology
BX Digital to roll out DLT-based settlement system for digital assets in Switzerland
BX Digital, a subsidiary of Boerse Stuttgart, has received conditional approval from Swiss market regulators to operate a blockchain-based settlement system for digital assets.
Gallagher launches specialty brokerage operation in Bermuda
Agents and Brokers, Construction, Energy, Excess and Surplus Lines, Marine Bermuda Arthur J. Gallagher & Co.
Travelers beats profit estimates despite $2 billion wildfire hit
Catastrophes, Financial Results, P/C Insurers The Travelers Cos.
Coface reports €144.4m income so far this year
Coface has reported H1 2022 income of €144.4m in its latest results.
US personal lines rate increases plus 5.16% in Q2 2022
US personal lines rates stabilised in the second quarter of 2022 with rate increases of plus 5.16%, according to analysts at MarketScout.
Bridging the gap between re/insurers’ actuarial models & underwriting operations: Katz, Optalitix
In an interview with Reinsurance News, Dani Katz, Co-founder and Director of software provider Optalitix, said reinsurers are at a pivotal point — with abundant capital, complex risks, and an urgent need for faster, data-driven pricing — noting that he sees the greatest opportunity in helping carriers bridge the gap between their actuarial models and underwriting operations.
SiriusPoint CEO Sid Sankaran departs
Sid Sankaran, the Chairman and Chief Executive Officer (CEO) of Class of 2020 reinsurer, SiriusPoint, has retired from the company and will be replaced by Daniel Malloy on an interim basis.
Slide secures $175m senior credit facility
Slide Insurance, the technology-enabled insurance company, has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner.
William Shaw becomes Texel Deputy CEO with Jonathan Crossfield as CFO
The Texel Group, a specialist credit and political risk insurance broker, has announced a number of senior appointments, including William Shaw’s promotion to Deputy CEO.
Everest Reinsurance names Jonathan Mesagaes as Head of Renewable Energy
Everest Reinsurance, the reinsurance division of Everest Group, has announced the appointment of Jonathan Mesagaes as Head of Renewable Energy.
Ben Watson to lead Westfield Specialty International’s new cyber offering
Westfield Specialty International, a specialty insurance provider, has announced the appointment of Ben Watson as Class Underwriter to lead its newly launched cyber team.