Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber September 11, 2023 Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to...
Morocco Survivors Seek Aid as Earthquake Death Toll Passes 2,100 September 11, 2023 By Jihed Abidellaoui and Alexander Cornwell Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as...
Legacy Acquisition Specialist RiverStone Int’l Acquires Catalina Insurance Ireland September 11, 2023 RiverStone International, the London-based provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the...
Reinsurers Hope Profitability Party Will Last – But All Good Things Must End September 11, 2023 By Brian C. Schneider Executive summary: Fitch Ratings is projecting reinsurer returns on equity of 14% in 2023 and 2024, results that reflect a...
P/C Insurers Set to Significantly Improve Profitability Even as Claims Rise: Study September 11, 2023 Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates...
MGAs and Fronting Companies: Exploring the New ‘Asset-Light’ Frontier September 11, 2023 Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies...
Lloyd’s Syndicate Probitas 1492 to Launch Special Purpose Arrangement in 2024 September 8, 2023 Lloyd’s syndicate Probitas 1492 has announced the launch of a special purpose arrangement (SPA) for the 2024 year of account...
Prudential, Warburg Pincus Team Up to Back New Reinsurer September 8, 2023 By Allison McNeely Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a...
Markets/Coverages: Carpenter Launches Update of Catastrophe Analytics Platform September 8, 2023 Guy Carpenter, the reinsurance business of Marsh McLennan, announced the launch of the next generation of its catastrophe analytics platform,...
Allianz Unveils €20 Billion Spending Target in Net-Zero Transition Plan September 8, 2023 By Alastair Marsh Allianz SE is planning to invest €20 billion ($21.4 billion) in renewable energy and low-carbon technology by 2030, as it...