Insured losses in Q4’23 below average, says JP Morgan
JP Morgan’s Love Actuary note on the fourth quarter of 2023 reveals a relatively optimistic outlook for the reinsurance industry, supported by a slightly below-average level of natural catastrophe losses during the period.
RMS extending global risk views for acute & chronic perils
Risk modelling and solutions company RMS has announced that it will be launching new global views for acute and chronic perils and their climate change impact.
Rise of secondary perils key but reinsurance market ‘looks healthy’ ahead of 1.1, says AXA XL Reinsurance’s Romagne
As the reinsurance industry meets in Baden-Baden, the rise of secondary perils are expected to be a key focus and with elevated loss activity there will be a lot of focus on catastrophe covers at the January 1st, 2026, renewals, according to Bertrand Romagne, CEO, International, AXA XL Reinsurance.
FS industry ready to shift from Open Banking to ‘Open X’ – Capgemini
The financial services industry is already looking beyond Open Banking to the next phase of innovation, ‘Open X’, which will require deeper collaboration and specialisation, claims the latest World Fintech report from Capgemini.
Fitch revises Fortitude Re’s outlook to positive amid continued growth
Fitch Ratings has revised Fortitude Re’s outlook to Positive from Stable, citing the firm’s improving profile driven by growth and enhanced diversification across liabilities and geographies, alongside its strong balance sheet.
DTCC buys blockchain outfit Securrency
The Depository Trust & Clearing Corporation (DTCC) has agreed to buy blockchain-based fintech Securrency. Financial terms were not disclosed.
Aviva expects £80m additional proceeds from Singlife joint venture exit
Aviva plc, an insurance and financial services company, anticipates an additional £80 million (SGD 0.1 billion) in proceeds from the impending exit of its joint venture, Singlife, with Sumitomo Life Insurance Company.
More buyers seek parametric wildfire cover
Agents and Brokers, Catastrophes, Current Issue, Cyber Risks, Disaster Management, Emerging Risks, Excess and Surplus Lines, P/C Insurers, Property, Reinsurance, Technology France Aon, Arthur J. Gallagher & Co., Marsh & McLennan, Swiss Re
2. Leadership changes followed Hartfords exec retirement announcement
P/C Insurers, Risk Management The Hartford Insurance Group Inc.
Protective to acquire Portfolio, enhancing dealer wealth and F&I solutions
Two well-known names in the F&I and reinsurance arenas — Protective Asset Protection and Portfolio — are now on track to be part of the same organization serving dealerships. On Thursday morning, Protective Life Corp., a U.S. subsidiary of Dai-ichi … [Read More]
Morgan Stanley rolls out AskResearchGPT to institutional securities staff
Morgan Stanley has rolled out a generative AI-powered assistant to support staff in surfacing and distilling insights from its extensive research library.
El Salvador splits bitcoin reserve into multiple wallets to protect from quantum attacks
El Salvador is to split its vast bitcoin reserves into multiple wallets to protect the holdings from a potential future quantum computing attack.
Prepping for hurricane season in a pandemic
Agents and Brokers, Catastrophes, Coronavirus, Emerging Risks, P/C Insurers, Property, Risk Management Axa, Crawford & Co., Hub International, Sedgwick, Willis Towers Watson