Fitch Ratings, a credit rating agency, has revised the outlooks of French reinsurer SCOR and its core operating subsidiaries to positive from stable. This reflects Fitch’s expectation that SCOR’s earnings will improve, particularly in life and health (L&H), due to the group’s portfolio actions aimed at restoring profitability, which was hit by the 2024 L&H assumption review.
The reinsurance market is expected to remain “in a phase of transition and recalibration”, remaining fundamentally healthy heading into 2026, said Robert Ali, Active Re’s Chief Operating Officer, in a recent interview with Reinsurance News.
Coinbase has secured approval to offer cryptocurrency futures trading to US retail customers.
Agents and Brokers, Mergers and Acquisitions Willis Towers Watson
French software house NeoXam has announced plans to acquire EZOPS, a provider of AI-enabled data control, workflow automation, reconciliation, and regulatory reporting technology.
The Insurance Council of Australia (ICA) has reported a 28% rise in the cost of the severe flooding across Southeast Queensland and Northern New South Wales earlier this year, making it the country’s fourth costliest natural disaster event.
Agents and Brokers, Catastrophes, Claims Disputes, Claims Management, Cyber Risks, Emerging Risks, P/C Insurers, Property, Reinsurance, Technology Asia-Pacific & Australasia, United Kingdom Arthur J. Gallagher & Co., Axa, Swiss Re
Agents and Brokers, Construction, Risk Management Jardine Lloyd Thompson Group, Willis Towers Watson
Financial Results, P/C Insurers, Risk Management The Travelers Cos.
Excess and Surplus Lines, Financial Results, P/C Insurers, P/C Pricing CNA
With the frequency, severity and sophistication of ransomware attacks in the US rising dramatically in 2021 from the prior year, according to Fitch analysts, this trend is expected to continue as long as profit incentives remain high and outweigh perceived risks of criminal prosecution.
AXA XL, the property and casualty (P&C) and specialty risk division of AXA, has appointed Russell Caminske as Client Relationship Leader (CRL) for the US East Zone and Ryan Larson as the West Zone CRL.
Great-West Lifeco, an international financial services holding company has completed the sale of Putnam Investments to Franklin Resources, Inc., operating as Franklin Templeton, an independent and diversified asset manager.
Liberty Mutual Insurance Global Risk Solutions has bolstered it’s Cyber insurance team by appointing Elisabeth Case as Global Product Manager, Cyber.
