Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round April 24, 2024 ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round....
China’s Ping An Insurance Reports 4.3% Drop in Q1 Net Profit April 24, 2024 Ping An Insurance’s first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as...
UK’s Jensten Acquires Lift and Escalator Specialist Broker Robert Gerrard & Co. April 24, 2024 Jensten is set to further scale its scheme and affinities business with the acquisition of UK broker Robert Gerrard &...
Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case April 24, 2024 By Upmanyu Trivedi Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations...
CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance April 24, 2024 By Arun Balakrishnan Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize...
People Moves: Arch Insurance International Promotes Valder to Deputy CEO; Carbon Underwriting Taps Everest Re’s Crocker as Active Underwriter April 23, 2024 This edition of International People Moves details appointments at Arch Insurance International and the MGA Carbon Underwriting. A summary of...
Wildfires in Canada’s Oil Sands Region Prompts Evacuation Orders April 23, 2024 By Robert Tuttle Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces...
Munich Re Says Beating Target More Likely After Strong Quarter April 23, 2024 By Stephan Kahl Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to...
Markets/Coverages: Liberty Mutual Re, Safehub Offer Parametric Quake Re/Insurance April 23, 2024 Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider...
Musk Decries Australian Court ‘Censorship’ of Terror Posts on X April 23, 2024 Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X take...