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...
Third Point’s Loeb Looks to Take Re/insurer SiriusPoint Private April 12, 2023 Activist investor Daniel Loeb is looking to take insurance firm SiriusPoint Ltd. private, the founder of hedge fund Third Point...
Zurich Exits Insurance Climate Alliance, Days After Munich Re April 6, 2023 By Alastair Marsh Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second...
Companies That Form Global Climate Alliances Need Antitrust Guidance: Experts April 5, 2023 Global companies that form alliances to help them to tackle climate change need clear “safe harbor” guidelines from governments to...
Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks April 3, 2023 By Laura Malsch and Alastair Marsh Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says...
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal March 30, 2023 By Kirstin Ridley A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market March 13, 2023 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market...
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market March 7, 2023 Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon...
Ariel Re Raises $270M of Capital to Support Growth Opportunities March 6, 2023 Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270...
Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits February 7, 2023 Moody’s Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1...