Allstate, Allianz X Invest $265M in NEXT Insurance and Partner to Expand Reach November 2, 2023 NEXT Insurance said Allstate and Allianz X have invested $265 million in the digital small business insurer. NEXT and Allstate...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties February 14, 2020 B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail September 20, 2019 By Lena Masri By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay...
PIMCO and Allianz Partner to Launch Insurance Linked Securities Business January 28, 2019 PIMCO, the Newport Beach, Calif.-based fixed income investment manager, has hired Rick Pagnani from Mt. Logan Re as executive vice...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...
Reinsurers’ Loss Reserves Dwindle While Rates Continue to Drop: Allianz Re CEO February 18, 2016 By Oliver Suess Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according...
Allianz Re CEO Ahmed Sees No Rebound in 2014 Reinsurance Rates January 22, 2014 By Oliver Suess Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won’t rebound in 2014, the...