US, UK ship investors hit by soaring Red Sea insurance: Sources
Agents and Brokers, Emerging Risks, Marine, P/C Insurers Marsh & McLennan
Rivals keep snagging former JLT staff after Marsh & McLennan buy
Agents and Brokers, Mergers and Acquisitions Jardine Lloyd Thompson Group, Marsh & McLennan
Sella Group pilots biometric fingerprint card
Italy’s Sella Group is trialling a a biometric recognition credit card that allows people to make payments by using their fingerprint.
SAFCO inks $100M Deutsche Bank facility, extends CapOne agreement
Indirect subprime lender Southern Auto Finance Co. inked a $100 million warehouse facility with Deutsche Bank this week and extended…
AM Best maintains stable outlook on US health insurance segment
Credit rating agency AM Best has maintained its stable outlook for the US health insurance market, citing strong capitalisation and profitability as key factors, among others, despite declining underwriting results.
Commercial pricing in Q2 increases almost 4%: Willis
Auto liability, D&O, P/C Insurers, P/C Pricing, Property Willis Towers Watson
AdvantageGo adds Sea Change to ecosystem collaboration
AdvantageGo, a commercial re/insurance software provider and part of Coforge, has announced a strategic alliance with Sea Change London, a specialist insurance consultancy.
Ripple scores partial win in SEC lawsuit
Ripple did not violate federal securities law by selling the XRP token on public exchanges and through algorithms, a US judge has ruled in a major win for the cryptocurrency industry.
Ariel Re secures Lloyd’s approval for Syndicate 2006
Global reinsurer Ariel Re Managing Agency Limited (Ariel Re) has announced that Lloyd’s has formally approved the establishment and management of Ariel Re Syndicate 2006.
Lloyd’s and Ireland’s Department for Finance partner to drive insurtech innovation
Lloyd’s, the world’s oldest insurance and reinsurance market for global risk, and Ireland’s Department of Finance, have strategically partnered to foster insurtech innovation, strengthen market resilience, and promote Irish expertise globally.
European reinsurers best placed to underwrite nat cat risks – RBC
European reinsurers are best placed to underwrite natural catastrophe risks, according to an RBC Capital Markets report.
Berkshire Hathaway P&C reinsurance profit soars in Q1 2022
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, had a particularly good first-quarter of 2022 in its property and casualty reinsurance business, with earnings up significantly year-on-year.
Ryan Specialty expands renewable energy insurance offering with new MGU
International specialty insurance firm, Ryan Specialty, has expanded its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter (MGU) based in London.
Reinsurers lose key Covid business interruption case
In a landmark decision, the UK Commercial Court has ruled in favour of insurer’s Covéa and Markel on a non-damage business interruption case linked to the COVID-19 pandemic.
Buyers wrestle with deductible changes despite easing property insurance rates
Agents and Brokers, Current Issue, P/C Insurers, P/C Pricing, Property, Risk Management USI Insurance Services