Aegis Executive Risks (AER), a division of Aegis General Insurance Agency and K2 Insurance Services, is pleased to announce the launch of its new Management Liability insurance program.
The Progressive Corporation has reported a Q4 2023 net income of $1.99 billion, up a massive 141% compared with the same period of 2022.
Mosaic Insurance has announced the launch of a suite of specialised financial institution products, offering $25 million in investment management insurance (IMI).
Fairfax Financial Holdings has announced a net loss of $881.4m in Q2 2022 after net earnings of $1,201.4m in the same period the year before.
Legal & General Assurance Society Limited (L&G) has agreed a £4.4 million full-scheme buy-in with the Trans-European Port Services Limited (TEPS) 1974 Pension Scheme, securing the benefits for six pension scheme members.
Following a reinsurance capital recovery in 2023, AM Best has observed that total reinsurance capital will return to $561 billion in 2024, which is less than 2% below the prior high watermark of $570 billion set in 2021.
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