Lloyd’s of London CEO Neal Calls for Rethink of UN Climate Alliance Rules May 25, 2023 By Tommy Wilkes and Greg Roumeliotis A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss...
Hedge Fund Manager Loeb Drops Buyout of $1.5B Re/insurer SiriusPoint May 15, 2023 By Ben Scent Hedge fund manager Dan Loeb said he’s no longer exploring an acquisition of specialist insurance underwriter SiriusPoint Ltd. Loeb held...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re May 9, 2023 While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven...
More Insurers Weigh Joint Strategy to Climate Change as They Assess Antitrust Risk May 5, 2023 By Alastair Marsh Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for...
Swiss Re Returns to Q1 Profit, Driven by Adequate Pricing, Higher Investment Results May 4, 2023 By L.S. Howard Swiss Re swung back to a first quarter profit, reporting net income of $643 million, compared with a loss of...
Markets/Coverages: Munich Re Specialty Offers ‘Green Solutions’ For Customers’ Net Zero Ambitions May 3, 2023 Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance...
Markets/Coverages: Swiss Re, Insurtech Benekiva Partner to Offer L&H Claims Solution April 28, 2023 Swiss Re Reinsurance Solutions has formed a strategic partnership with Benekiva to offer an end-to-end digital claims management solution. The...
Brazilian Reinsurer Resolves U.S. Probe Into Fake Berkshire Hathaway Story April 25, 2023 By Jonathan Stempel A Brazilian reinsurer entered a non-prosecution agreement and will pay $5 million to resolve a U.S. probe into a false...
Hannover Re Latest Company to Leave Net-Zero Insurance Alliance April 19, 2023 By Tom Sims and Simon Jessop German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing...
MGA Rokstone Launches Credit and Surety Treaty Division April 17, 2023 Rokstone, the London-based speciality re/insurance MGA, part of the Aventum Group, has launched a Credit & Surety Treaty division. Rokstone...