Beazley sees up to $175 million hit from Hurricanes Helene, Milton
Agents and Brokers, Catastrophes, Financial Results, P/C Insurers United Kingdom Beazley, Marsh & McLennan
Aon reports revenue jump in wake of NFP deal
Agents and Brokers, Financial Results, Mergers and Acquisitions Aon, NFP
Auto lenders buckle up for refinance ‘boom,’ competition
Auto lenders should prepare for a wave of refinance demand in the next two years or risk losing market share…
Fraudio raises $3.3m for fraud prevention platform
Fraudio, a Dutch startup that has developed a cloud-native centralised AI-powered payment fraud detection system, has raised $3.3 million in seed funding.
Covéa completes deal to purchase PartnerRe from EXOR
French mutual insurer Covéa has completed the acquisition of global reinsurer PartnerRe from EXOR, the Agnelli family owned investment and holding company, for a total cash consideration of $9.3 billion (€8.6bn).
Rising premium rates boost prospects for UK and Italian non-life insurers in 2024: Fitch
In the ever-evolving landscape of European non-life insurance, Fitch Ratings predicts that the United Kingdom and Italy are poised to reap the greatest benefits from the anticipated surge in premium rates throughout 2024.
Zurich posts higher Q1 revenue, affirms targets
Catastrophes, Financial Results, P/C Insurers, P/C Pricing Switzerland Zurich
Deutsche Börse to embed euro stablecoin from AllUnity across infrastructure
Deutsche Börse Group is to integrate AllUnity’s euro-backed stablecoin into its financial market infrastructure.
Bank of America’s EV, hybrid originations ‘significant’
Bank of America remains bullish on EV sales as its financing volume for EVs and hybrids held steady in the…
London market insurers key to future of advanced air mobility: IUA
The International Underwriting Association (IUA), representing insurance and reinsurance companies in London, has stated that London Market insurers will be essential in advancing new air mobility technologies in the coming years.
Klarna revels in one million US debit card sign ups
Over a million Americans have signed up for Klarna’s debit card in just eleven weeks since launch.
Reinsurance rates to accelerate, but buyers will struggle to fill towers: Survey
Market participants are confident that reinsurance rate increases will accelerate further at the mid-year 2022 renewals, while buyers of protection will find it challenging to procure the desired level of coverage, according to data from the latest Reinsurance News market survey.
