Warwick Re completes second deal, increases asset base by $550m
Warwick Re Ltd, the Bermuda-domiciled reinsurer, has completed its second transaction, an annuity reinsurance agreement with a US life insurer.
Microsoft seizes 340 websites linked to growing phishing subscription service
Cyber Risks, Emerging Risks, Technology
FG Financial & FG Group Holdings complete merger to form Fundamental Global
FG Financial Group, Inc. (FG Financial) and FG Group Holdings Inc. (FG Group Holdings) have completed the previously announced merger pursuant to which FG Group Holdings merged with and into FG Group LLC, with FG Group LLC surviving as a wholly-owned subsidiary of FG Financial.
Ryan Specialty’s Q4 results driven by M&A, renewal retentions
Agents and Brokers, Financial Results, Mergers and Acquisitions
US P&C insurers post record $89bn investment income in 2024: AM Best
The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best.
Humanity Insured brings parametric insurance to Cambodian farmers facing extreme heat
Humanity Insured, a UK- and US-registered non-profit organisation, has announced a partnership with ARISE to deliver parametric insurance and digital advisory services to support smallholder farmers in Cambodia facing extreme heat.
Aon appoints Srivastava as Global Chief Broking Officer for Reinsurance
Aon, a global insurance and reinsurance broking group, has announced the appointment of Anshuman Srivastava as its new Reinsurance Global Chief Broking Officer, a London-based role.
Aviva to acquire Direct Line for £3.7bn
Aviva has agreed a deal to acquire Direct Line in a £3.7 billion cash-and-stock deal, a move that will create the UK’s largest home and motor insurer.
UIB Group expands presence in Asia with new office in Nepal
United Insurance Brokers (UIB) Group has announced the official opening of a new representative office in Kathmandu, Nepal, as part of its ongoing expansion in Asia.
SiriusPoint announces security program partnership with MGU Euclid Security
Global specialty re/insurer SiriusPoint has announced it has become the sole carrier partner for Euclid Security’s Liability program.
OAK Re Syndicate 2843 receives permission to underwrite from January
Oak Reinsurance (OAK Re), the global reinsurance firm, has announced that its Lloyd’s Syndicate 2843 has received permission to underwrite business incepting from January 1, 2025, which follows from the approval in principle that was received in September 2024.
Hurricanes could challenge P&C industry this year, says Fitch
A hurricane that hits land could present additional challenges to a P&C sector beset by inflation increases and the potential for stagflation, says Fitch in a new note.
Alexander Vollert appointed as a member of AXA’s Management Committe
AXA has appointed Alexander Vollert, AXA’s Chief Operating Officer and CEO of AXA Group Operations (AXA GO), as a member of the company’s Management Committee.
Aspen prices upsized IPO, offering could raise $457m
Aspen Insurance Holdings has announced the pricing of its upsized initial public offering (IPO) of 13,250,000 Class A ordinary shares (par value $0.001) at $30.00 per share.