All News articles – Page 84
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NewsVantage Risk enters ILS Market with upsized $225 million Vista Re Cat Bond
Vista Re follows the launch of AdVantage Retro I Ltd., a collateralized reinsurer established by Vantage in December 2020 which allows investors to partner with Vantage to access selected reinsurance risks.
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NewsArthur J. Gallagher is in talks to buy Aon, Willis Assets
An agreement could be reached in the coming weeks, said the people, who asked to not be identified because the matter isn’t public. Assets in Germany, Spain, France, and the Netherlands as well as Willis Towers’ reinsurance business will be part of the package deal, the people said.
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NewsItaly’s REVO SPAC aims to raise 200 mln euros for insurance deals
Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose acquisition company (SPAC) in Milan by the end of May to target opportunities in the insurance sector.
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NewsGuy Carpenter Launches Asia Pacific Catastrophe Advisory Group
The Asia Pacific Catastrophe Advisory Group will offer clients direct access to Guy Carpenter’s extensive catastrophe expertise and capabilities, including in-house analytics experts, scientific partners and public-sector specialists.
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NewsIs this the future for Lloyd's? Digital syndicate in successful start
Ki has also developed and released its first broker API to allow brokers to integrate digitally with the syndicate’s algorithm
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NewsVaccine passports and privacy pitfalls
The data in ‘vaccine passports’ is the most sensitive information many firms will have ever managed
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NewsHiscox cyber study suggests complacency
German firms were hardest hit by cyber attacks and ransomware is now commonplace, with one in six firms targeted
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NewsHannover Re Q1 GWP up 16.8%
Hannover Re again posted double-digit growth in premium income in the first quarter and at the same time delivered modestly improved Group net income.
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NewsQ1 commercial insurance prices rose 18%
Quarter is the first to show a fall in the average rate of increase since Q4 2017; UK continues to lead with rate hikes of 35% - Marsh
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NewsNational General Insurance deserves premium it got from Dubai Investments
The star of the UAE stock market last week was Dubai’s National General Insurance, which rallied 14.88 per cent on Wednesday. The gain came as Dubai Investments bought 21.5 per cent in it through the purchase of 32.89 million from Emirates NBD.
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NewsAustralian Insurers welcome reinsurance pool committment
A Reinsurance Pool Working Group of insurers was established to work through the Northern Australia cyclone risks. This group will now turn its attention to working with the Federal Government’s announced design and consultation process to determine the operation of the pool.
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NewsAXA XL teams up with SpaceAble to support safe and responsible activity in Low Earth Orbit
AXA XL Insurance today announced it has established a global partnership with SpaceAble, a start-up specialising in Space Situational Awareness (SSA), to better support satellite operators and organisations operating in space.
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NewsLessons in risk from the Boeing 737 MAX disasters
Myriad failures that contributed to the 737 MAX crashes revealed “systemic shortcomings” in Boeing’s ability to manage risk - Arthur D Little
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NewsChubb and Marsh in world’s first Covid vaccination insurance deal
Chubb and Marsh have announced a collaboration with the World Health Organisation (WHO) and Gavi the Vaccine Alliance (Gavi) that has secured insurance coverage for eligible individuals in 92 lower-income countries and economies up to $150m.
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NewsZurich warns e-commerce boom could spark warehouse blaze uptick
Zurich has warned of a potential increase in warehouse blazes as the pandemic-propelled e-commerce boom has sparked a surge in demand for storage and distribution space.
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NewsAviva extends building insurance to new customers with cladding woes
The insurer wants to provide a ’transparent, sustainable framework’ to help residents whose buildings have external combustible cladding
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NewsCanadian insurtech APOLLO partners with Lloyd’s of London
Launched in April 2019, APOLLO now offers the largest selection of online insurance in Canada. In January 2021, APOLLO announced the close of a CAD $13.5 million Series A financing round.
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NewsWillis Towers Watson Q1 revenues up 5%
“Willis Towers Watson had an encouraging start to the year with strong first quarter results,” said John Haley, Willis Towers Watson’s chief executive officer.
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NewsCFC to launch new Lloyd’s Syndicate
CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, is pleased to announce that Lloyd’s has provided ‘in principle’ approval for the creation of CFC Syndicate 1988.
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NewsNexus and Allianz Global Corporate & Specialty Sign Four-Year Financial Lines Deal
Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced today a four year multi-product strategic underwriting and claims delegated authority agreement with immediate effect, specifically for small and medium-sized enterprises (SMEs) customers.
