Hartfords profit slides 57% in Q1
Auto liability, Catastrophes, Coronavirus, D&O, Disability, Emerging Risks, Financial Results, P/C Insurers, Property, Workers Comp Coverage The Hartford Insurance Group Inc.
S&P upgrades Milli Re’s outlook to positive
S&P Global Ratings, an international credit rating agency, has upgraded its outlook on Milli Reinsurans T.A.S. (Milli Re) to positive from stable, while reaffirming the company’s long-term issuer credit and insurer financial strength ratings at ‘B’, additionally, S&P raised Milli Re’s national scale rating in Turkiye from ‘trBBB+’ to ‘trA’.
Grange Insurance appoints Steve Marohn as Commercial Lines President
Ohio-domiciled insurer Grange Insurance Company has appointed Steve Marohn as the company’s Commercial Lines President.
Miller adds ILS specialist John Duda to its growing Bermuda team
Specialist re/insurance broker, Miller has announced the appointment of John Duda as Head of ILS Development & Capital Management Products, as the firm continues to build out its capabilities in Bermuda and the ILS market.
Q3 premium renewal rate hikes nearly across board: Ivans
Auto liability, General liability, P/C Insurers, P/C Pricing, Property, Workers Comp Coverage
N26 eyes profitability in 2024
N26 says it expects to halve its net losses in in 2023 before hitting profitability on a monthly basis the following year. Meanwhile, the German digital bank has unveiled plans for a new investment product for stocks and ETFs.
Probitas commences underwriting cyber
Probitas 1492, a Lloyd’s underwriting syndicate specialising in property, construction and casualty, will now underwrite cyber.
Average rate changes decrease in Q2 commercial lines: Ivans
Auto liability, General liability, P/C Insurers, P/C Pricing, Property, Workers Comp Coverage
New domiciles are impacting the landscape of the European captive insurance segment: AM Best
New European captive domiciles are seeing growth in company formations, including redomicilations from other jurisdictions, according to AM Best.
P&C re/insurance markets brace for modest adjustments in 2024: BMO Capital Markets
In a recent report from BMO Capital Markets, analysts suggest that the property-catastrophe re-insurance market is poised for low-single-digit increases in pricing come January 2024.
TMK partners with Kita to provide Political Risk insurance for carbon credit projects
Tokio Marine Kiln (TMK) has partnered with carbon credit insurance specialist Kita to provide Political Risk insurance for developers of/investors in, carbon credit projects.