Castel Targets U.S. Professional Liability Business With Launch of Underwriting Cell October 21, 2021 Castel Underwriting Agencies Ltd. has launched a new underwriting cell, North American Professional Liability (NAPL), to focus on professional service...
New Zealand Is 1st Country to Pass Climate Change Disclosure Laws for Insurers, Banks October 21, 2021 New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts...
Acrisure Enters Brazilian Market with Purchase of Broker It’sSeg October 21, 2021 Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent...
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover October 21, 2021 AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the...
Asset Managers, Including Allianz, to Cut Portfolio Emissions by at Least 25% by 2025 October 21, 2021 By Alastair Marsh By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’...
Hamilton to Cease Writing Property Treaty Reinsurance Through Its Lloyd’s Syndicate October 20, 2021 Hamilton Insurance Group Ltd. announced its decision to cease writing property treaty reinsurance through Syndicate 4000 in London. “We regularly...
Russia’s Renaissance Insurance to Cut Size of IPO to $250M: Sources October 20, 2021 MOSCOW – Russia’s Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290...
Broker Aston Lark Announces 40th Acquisition Since 2018 Launch October 20, 2021 Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in...
Munich Re Doubles Q3 Profit Despite Big Storm Losses in Europe, U.S. October 20, 2021 German reinsurer Munich Re doubled its profit in the third quarter, despite big losses from storms in Europe and the...
Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs October 20, 2021 By Sachin Kulkarni Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January...