Global reinsurer SCOR has reported a net loss of €80 million for the first-quarter of 2022, as the firm’s natural catastrophe ratio exceeded budget, COVID-19 continued to impact life and health (L&H), and it reserved for losses related to the war in Ukraine.
A myriad of forces continues to pressure personal property insurers in Florida, and while carriers have responded with rate increases and underwriting adjustments, rate adequacy remains a challenge for some, according to AM Best.
RLI Corp., the specialty insurer, has promoted Kerrick Porter to the role of Vice President, RLI Executive Products Group, effective May 17, 2024.
QBE North America has announced the launch of a Specialty Casualty business.
Fitch has revised African Risk Capacity (ARC) Limited’s outlook to Positive from Stable and has also affirmed its IFS rating at BBB+.
Willis, a WTW business, has reinforced its Placement and Portfolio Solutions team with two senior appointments.
Financial Results, P/C Insurers Berkshire Hathaway
The Inter-American Development Bank (IDB) has completed a risk-transfer transaction using credit insurance protection with private insurers, in an effort to help diversify its portfolio and free up capital for additional lending to both Latin America and the Caribbean.
EToro has constructed a passive investor portfolio composed solely of shares in 40 leading fintech companies.
Alternative Risk Transfer/Captives Bermuda Allianz, Marsh & McLennan
Reinsurance broker Howden Re and Keenan have completed a strategic Loss Portfolio Transfer (LPT) between one of the largest California workers’ compensation joint powers authorities (the JPA) and a top-ten global reinsurer.
