Update: Brickell Pulls Plug on Acquisition of Randall & Quilter; R&Q Plans Fundraise May 26, 2022 By L.S. Howard Property/casualty speciality insurer Randall & Quilter Investment Holdings Ltd. announced its planned acquisition by Brickell PC Insurance Holdings LLC has...
Memo to Brokers: Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator May 23, 2022 By L.S. Howard Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model...
Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey May 17, 2022 By L.S. Howard Cyber attacks are now seen as the dominant risk for many businesses – ahead of the pandemic, economic downturn, skills...
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers May 16, 2022 By L.S. Howard Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated...
Zurich Reports Strong Growth in Q1, Driven by Rising Commercial Insurance Rates May 13, 2022 By L.S. Howard Zurich Insurance Group has made a strong start to the year and expects to exceed all its financial targets for...
Australia’s AUB Group Agrees to Purchase UK Broker Tysers for US$615.2 Million May 10, 2022 By L.S. Howard Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million)...
With Inadequate Natural Catastrophe Prices, Swiss Re Gives Florida a Wide Berth May 6, 2022 By L.S. Howard Premium rates for natural catastrophe risks in Florida continue to be inadequate, which is why Swiss Re is giving that...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll May 5, 2022 By L.S. Howard Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such...
Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline May 2, 2022 By L.S. Howard Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon May 2, 2022 By L.S. Howard Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50%...