Heritage Insurance Holdings has released its financial results for the third quarter of 2024, which includes a net income of $8.2 million, a solid improvement compared to the $7.4 million net loss that the firm posted in the prior year period.
Piraeus Financial Holdings S.A. has announced that its subsidiary, Piraeus Bank S.A. (Piraeus), has completed the acquisition of 100% of the shares of Ethniki Insurance’s parent company, Ethniki Holdings S.à.r.l., from CVC Capital Partners Fund VII and the National Bank of Greece.
Parametric insurance is said to be significantly disrupting and complementing traditional insurance models across the climate industry, by offering innovative solutions that address the shortcomings of conventional approaches.
P/C Insurers, Political Risk, Property, Risk Management Middle East/Africa Lloyd’s of London
The insurance sector invests one in every three euros in public debt, according to a new report by MAPFRE Economics.
Independent specialist re/insurance broker, Miller, has announced the acquisition of Tokyo-based Lead Insurance Services Limited (Lead).
Marsh has appointed Andrew Fiscella and John Umbach as SPAC co-leaders within its US financial and professional liability practice, effective immediately.
Catastrophes, Cyber Risks, Emerging Risks, Risk Management Allianz
Australian insurer IAG is to acquire 90% of RACQ’s existing insurance underwriting business for $855m, under a 25-year exclusive partnership between the two companies.
Loss adjustment Global Risk Solutions (GRS) has gone into a strategic partnership with Allied Claims Solutions, who will become a GRS global network partner.
Agents and Brokers, P/C Insurers, Risk Management
Global insurer Zurich has agreed to sell its business in Russia to eleven of the unit’s team.
