US nonstandard auto insurance manages to squeeze small profit in H1’24, AM Best
According to AM Best, the global credit ratings agency, the US nonstandard auto insurance segment has posted a slight profit for the first half of 2024, following two years of unprofitable but improving results.
Insurers win more COVID-related business interruption rulings
Catastrophes, Coronavirus, Coverage Disputes, Emerging Risks, P/C Insurers, Property Lloyd’s of London
Helvetia grows stake in Spanish insurer Caser
Swiss insurance group Helvetia has acquired a further 10% of the share capital of Caser for an undisclosed price, meaning it now owns 80% of the Spanish insurer.
Majesco & CyberCube partner to meet cyber demand
Majesco, a global provider of cloud insurance software solutions for insurance business transformation, has announced a partnership with CyberCube – a global provider of advanced solutions for cyber insurance risk modelling, rating and underwriting.
Parametrix introduces AI monitoring capabilities to manage and mitigate BI risks
Managing general agent Parametrix, has expanded its capabilities to include real-time monitoring of the availability of Artificial Intelligence (AI) services to enable holistic business interruption insurance for the digital supply chain.
Brace Underwriting launches Brace USA, names Glenn Dorr President
Beat Capital-backed Brace Underwriting Limited has announced the launch of Brace USA, naming Glenn Dorr as President and Head of Marketing, North America.
Ryan Specialty agrees to buy property MGU Velocity for $525 million
Excess and Surplus Lines, Mergers and Acquisitions, P/C Insurers, Property FM Global
Helios expects value of the capacity fund to decrease to £75m at year-end 2024
Lloyd’s focused investment vehicle, Helios Underwriting, has updated the value of the company’s value of capacity portfolio, now expecting to decrease to £75 million at 31st December 2024.