The global economic cost of natural catastrophe events reached an estimated $357 billion in 2023, of which approximately 34%, or $123 billion was covered by re/insurance, as broker Gallagher Re reports an annual record of 34 individual billion-dollar insured loss events in the year.
Casualty-focused MGA Casper Specialty UK Limited has launched Tundra Specialty, a new offering dedicated to the niche renewable energy sector, which will be led by Matthew Melville, who was most recently founder and CEO of Albus, part of Ryan Specialty Group.
Powersports retailer RumbleOn’s sale of the RumbleOn Finance portfolio for $17 million in January allowed the company to reduce its term…
The estimated value of tens of thousands of Tricolor Auto vehicles reportedly missing following the company’s Chapter 7 bankruptcy and…
NatWest Group is launching a Fintech Growth Programme, to help startups to lean on the resources, expertise and networks of an established high-street bank to help them scale-up and drive the bank’s innovation pipeline.
Chris Newman has been appointed to lead ACORD Solutions Group (ASG), a provider of digital solutions for the insurance sector, as Chief Executive Officer (CEO).
Agents and Brokers, Auto liability, General liability
A consortium led by Allianz, BlackRock, and T&D Holdings is acquiring Viridium Group, a platform in European life insurance consolidation, from Cinven, in a €3.5 billion transaction.
CFC, an insurance provider specialising in emerging and cyber risks, has announced the appointment of Daisy Lopez as Senior Executive Underwriter for CFC USA.
Ani Tech, a UK-based agentic AI platform focused on financial advice, has been chosen to participate in the inaugural AI sandbox initiative of the UK’s financial regulator, the Financial Conduct Authority (FCA).
Pelt8, a Swiss climate tech startup helping businesses manage their sustainability-reporting needs, has raised CHF0.5 million in pre-seed financing.
The Bank of New York Mellon is working with Google Cloud to help clients better predict billions of dollars in daily treasury market settlement failures to improve market liquidity.
