Insurers increase scrutiny of older commercial building roofs
Agents and Brokers, Catastrophes, P/C Insurers, P/C Pricing, Property, Risk Management USI Insurance Services, Willis Towers Watson
Core Specialty announces Specialty Markets Group transfer from American National
American National Group is to transfer Specialty Markets Group (SMG), a writer of credit-related insurance products based in the US, to Core Specialty.
ICMIF reflects on progress at centenary milestone
The International Cooperative and Mutual Insurance Federation (ICMIF) is celebrating 100 years since its inception in Rome in 1922, but leaders says the organisation “cannot afford to stand still.”
RAA advocates for NFIP reauthorisation and private flood insurance market
In advance of the Senate Committee on Banking, Housing, and Urban Affairs’ hearing on the “Reauthorization of the National Flood Insurance Program: Local Perspectives on Challenges and Solutions,” Lee Covington, President of the Reinsurance Association of America (RAA), submitted a statement urging comprehensive reforms for the NFIP.
SiriusPoint makes senior appointments in Patrick Charles and Darryl Siry
SiriusPoint has appointed Patrick Charles and Darryl Siry to new positions within the company.
Bishop Street Underwriters acquires London-based MGA Avid
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Avid Insurance, a niche multi-disciplined managing general agent (MGA) based in London.
Nippon Life to acquire remaining shares in Resolution Life for $8.2bn
Nippon Life Insurance Company has agreed to consolidate its ownership interest in Resolution Life by acquiring the remaining shares from the firm’s investment limited partnership for $8.2 billion.
Howden launches US unit led by former Marsh exec
Agents and Brokers, Reinsurance United Kingdom Aon, Howden, Marsh & McLennan
Rising rates not enough to offset claims inflation: Swiss Re
Auto liability, Aviation, Marine, P/C Insurers, Political Risk, Property, Reinsurance European Union, Russia Swiss Re
Lloyd’s unveils new Canadian Core Fixed Income Solution
The world’s leading marketplace for insurance and reinsurance, Lloyd’s, has unveiled a new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform.
Komainu scores FCA crypto registration
Komainu, a digital asset custodian joint venture between Nomura, CoinShares, and Ledger, has secured crypto registration from the UK’s Financial Conduct Authority.
Gallagher Re expects low-teens organic growth in Q2 amid sustained reinsurer discipline
Speaking with analysts at KBW, Gallagher President, Thomas J. Gallagher, has anticipated low-teens reinsurance organic growth in Q2 of 2024, including sustained reinsurer discipline with property pricing slightly down but with rising aggregate demand heading into a potentially active hurricane season.