Everest Insurance, the primary division of Everest Re Group, has officially entered the Asian market after receiving regulatory approval from the Monetary Authority of Singapore to operate in country.
Fintech’s international expansion plans are being thwarted by a fragmented regulatory landscape, according to recently published research designed to promote the role of international finance centres (IFCs).
Tokio Marine Kiln (TMK) has announced that a definitive agreement has been signed with Intact Insurance Group USA LLC (Intact) for the sale of Tokio Marine Highland’s (TMH) US construction division.
Ratings agency AM Best has upgraded the Financial Strength Rating (FSR) of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent).
Fidelis Insurance Holdings Limited, a specialty insurer, has announced the appointment of Jonny Strickle as Group Managing Director, reporting directly to CEO Dan Burrows.
DeNexus, a provider of second-generation cyber risk modelling for industrial organisations, reinsurers and investors in insurance linked securities (ILS), has opened an office in Lugano, Switzerland.
Howden, the insurance intermediary group, has released its fourth annual cyber report, “Risk, Resilience and Relevance,” noting market stabilisation last year due to improved cyber hygiene following a surge in ransomware claims in 2020 and 2021.
Agents and Brokers, Catastrophes, Emerging Risks, P/C Insurers, Property Aon, Hub International, Swiss Re, Willis Towers Watson, Zurich
MGT, a vertically AI-native neo-insurer, has closed an oversubscribed $21.6 million Series B funding round led by new investor Mubadala Capital, with participation from Clocktower Ventures, Tacora Capital, and existing backers.
Global insurance provider RSA Insurance has strengthened its UK Specialty Lines business with the addition of two new underwriters, John Lawrence and Henry Henderson.
