Axis and Axa XL partially insure “landmark” $1bn securitisation tranche by IDB | The Insurer
Axis and Axa XL have insured part of a $1bn securitisation tranche launched by the investment arm of the Inter-American Development Bank (IDB), designed to support l...
Aventum’s Rokstone doubles D&O line size to £10mn | Program Manager
Aventum-owned specialty MGA Rokstone has doubled its directors and officers line size to £10mn ($13mn).
ARPC nears full exposure under state-backed cyclone pool | The Insurer
The state-backed cyclone pool in Australia has reached close to 99 percent market coverage of eligible insureds across the northern parts of the country by sum insur...
Gallagher expands Middle East offering through Artex expansion | The Insurer
Gallagher is expanding its presence in the Middle East via its subsidiary Artex with the launch of a new alternative risk management solutions offering in Abu Dhabi.
CII elects Chaucer’s Stacey as 2025 president | The Insurer
The Chartered Insurance Institute has named Chaucer’s Nicola Stacey as president, effective 1 January 2025.
TMK continues APAC marine push with Starr’s Ampatzis | The Insurer
Tokio Marine Kiln has continued to bolster its regional marine underwriting capabilities with the appointment of Alexandros Ampatzis as head of marine for Asia Pacif...
Aon names Ball space global practice leader | The Insurer
Aon has appointed Jared Ball as global practice leader of its space unit following the retirement of long-time head Jeff Poliseno.
WTW secures Saudi licence with Chubb’s Bahafi named head of insurance broking | The Insurer
WTW has expanded its presence in the Middle East after receiving a licence to act as an insurance broker in Saudi Arabia, with the new offering led by Talal Omar Bah...
Home Office takes aim at insurance fraud with ABI, Lloyd’s-backed charter | The Insurer
The UK Home Office has announced a new industry-backed charter focused on insurance fraud, in a bid to uncover existing loopholes and slash the impact of criminal be...
CEO: CinFin expects $75mn-$125mn net Milton loss in Q4 | The Insurer
Cincinnati Financial’s CEO has revealed his company expects $75mn to $125mn of losses from Hurricane Milton net of any reinsurance recoveries, and also highlighted a...
Kinsale: “Modest” premium growth slowdown in Q3 due to increased E&S competition | E&S Insurer
Kinsale Capital’s share price closed down 5.3 percent on Friday despite a comfortable Q3 earnings beat, with the E&S specialist’ management highlighting increase...
Digital MGA Aurora secures seed funding from QBE Ventures | The Insurer
London-based digital MGA Aurora has secured seed funding from QBE Ventures, the investment arm of QBE Insurance Group.
Aon management says firm is “fully on track” to hit mid-single digit organic target in ’24 | The Insurer
Aon shares rose up 7 percent on Friday after management said the NFP acquisition is “off to a strong start”, with third quarter organic growth reflecting the executi...
Universal facing full retention loss from Helene | The Insurer
Universal Insurance Holdings is facing a full retention loss from Hurricane Helene, with claims from that storm and Hurricanes Debbie and Milton expected to present ...
Optis: NA agent/broker M&A down 5% in Q3 and 10% YTD | The Insurer
North American agent and broker announced M&A deals were down 5 percent in Q3 2024 compared with the same period in 2023, according to Optis Partners.
The Hartford shares drop 6% on Q3 miss as management notes higher frequency of large GL losses | The Insurer
The Hartford’s share price dropped more than 6 percent on Friday following a Q3 earnings miss, with management fielding several questions from analysts about a $32mn...
Hartford’s expected $65mn-$110mn Milton loss would be below reinsurance attachment point | The Insurer
The Hartford expects $65mn to $100mn of pretax losses from Hurricane Milton, which CFO Beth Costello has said at the high end would leave the insurer “ just under th...
Manufacturing firm calls for insurance solution covering carbon capture supply chain | Sustainable Insurer
Risks related to carbon capture and storage processes require a greater scope of insurance products than are currently offered by the market, according to Holcim Gro...
Exclusive: Allianz weighs options for AllianzGI unit, sources say | The Insurer
October 24 (Reuters) by Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui – Allianz is weighing options for its Allianz Global Investors unit, inc...
Clear Group continues regional build-out with Vision buy | The Insurer
Goldman Sachs-backed UK broker consolidator Clear Group has continued its regional build-out with the acquisition of commercial lines specialist Vision Insurance Ser...
Branch raises $51mn Series D led by American Family Ventures, HSCM Ventures | The Insurer
Branch has raised $51mn in a Series D funding round led by existing investors American Family Ventures and HSCM Ventures, as the personal lines insurtech targets pro...
ILS veteran Darren Redhead close to launching $300mn+ start-up | The Insurer
Former Howden and Lancashire ILS executive Darren Redhead is returning to frontline underwriting with the launch of a new Bermuda-based ILS manager that is expected ...
Beazley: Employer risk and ESG regulations among top concerns driving D&O claims | The Insurer
The increasing range and volatility of employer risks driven by shifting workplace cultures and issues around inclusion and sustainability will prompt an uptick in D...
Jefferies warns UK motor margins in deficit compared to pre-pandemic levels | The Insurer
UK motor insurance premiums again fell in September as the market failed to sustain the positive rate momentum achieved in July, according to Jefferies, which estima...