Global insurance broker Marsh has announced that it intends to exercise its option to acquire the majority of shares in Beassur Marsh, following its acquisition of a stake
Doncaster based insurance broker One Call Insurance has unveiled a new car insurance product, enabling customers to pay for their policy on a ‘pay as you go’
Goldman Sachs said that reinsurers have historically been a low-beta and defensive sector that outperformed in terms of uncertainty
Munich Re said that the new centre will ‘foster new innovative initiatives’ through facilitating networks with technology providers and industry leaders
Insurance premiums for both Personal Auto lines and Personal Property lines in Canada decreased year over year in Q3 2022
This next renewals period is a time for reinsurers to move towards risk and not away from it in order to showcase what the industry does best
As US inflation remains above target, the Swiss Re Institute expects the Fed will induce a recession in 2023 to avoid a de-anchoring of inflation expectations
US auto insurers suffered underwriting loss of $766 million, marking it as the segment’s worst half-year result in five years, as impacts from inflation on auto repair
Apollo Underwriting is the latest Lloyd’s carrier to enter the cyber market following a partnership with SoftBank-backed MGA and modeling firm Envelop Risk Analytics
Israeli insurance startup Spott announced the launch of its Pay-As-You-Sell liability insurance, allowing ecommerce sellers to pay insurance premiums
Dutch, a startup offering a pet telemedicine service, has entered the pet insurance space through a partnership with Pets Best
The earnings of Europe’s four main reinsurers fell over the 9 months of this year, compared to the same period in 2021
Frequency of M&A insurance claims has fallen after the anticipated post-Covid claims surge did not materialise
A report from GlobalData says that cyberattacks from Russia could be set to cause more disputes between businesses and insurers following the Zurich-Mondelez case
S&P Global Ratings suggest that the government’s announcement of its proposed change to Solvency II is likely to be neutral for the creditworthiness of rated insurers
After a slow start to the year as the insurance industry focused on integrating the record number of transactions which closed at 2021, M&A activity has rebounded
Lloyd’s announced that claims to the Lloyd’s market arising from Hurricane Ian are estimated to be in the range of US$2.3bn – US$3bn
Catastrophe risk modeller RMS has pegged total private market U.S. insured losses from Hurricane Nicole at less than $2 billion, with a best estimate of $1.6 billion
Insurtech Bluezone has secured its first-choice global reinsurer to partner with as it remains on track to launch its first product in the first quarter of 2023
Fitch Ratings has said that Florida Citizens Property Insurance Corporation and the Florida Hurricane Catastrophe Fund do not face near-term risks
Turkey warned the world’s oil shippers they will need to prove they’re insured to cross the country’s vital straits, a move that could restrict flows of Russian oil
UNIQA Insurance Group has reported that premiums written grew by 4.3% in Q3 of 2022 to €5,033.1 million, with increases recorded across all business lines
The total claims amount relating to Hurricane Ian, based on data from major European, American, and Bermudian insurers, are near the $20 billion mark
The UK Government has received widespread approval from the insurance and reinsurance industry promised that scrapping of certain EU rules in Solvency II reforms
ifeel, a Madrid-based provider of an emotional wellbeing platform for companies, has raised €10 million in Series A funding led by UNIQA Ventures
HUB International has launched HUB Cannabis Dispensary Insurance, which is accessible through HUB’s digital commercial insurance platform, and offers access to general liability
The Vulnerable 20 Group of Finance Ministers (V20) of 58 climate vulnerable economies and the Group of Seven (G7) have launched the Global Shield against Climate Risks
US private auto insurers recorded an underwriting loss of more than $4bn in 2023, and with a rapidly worsening loss ratio, analytics expects that carriers’… Read More »US auto insurers recorded an underwriting loss of $4bn
Motor and personal lines insurance broker, Got You Covered Ltd, has announced that Sean Byrne has joined the business as Managing Director
General Atlantic is in talks to invest about $50 million in Acko, according to TechCrunch, doubling down on its bet on the Indian insurtech
Re/Insurance and other risk transfer and financing mechanisms will become increasingly important in managing catastrophic risk as countries transition to more climate-resilient
Parametric flood insurtech FloodFlash has announced plans to expand into the US market, led by Mark Hara as CEO for its North America operations
The 2022 combined ratio for the P&C insurance industry is set to worsen compared to 2021, driven by Hurricane Ian and significant deterioration in the personal auto line
A group of over 85 insurers in Africa have pledged to create a financing facility to provide $14 billion of cover to help protect 1.4 billion people
Vienna Insurance Group (VIG) has reported premium growth across all lines of business and segments in Q3, with a total increase of 13.6% to €9.5 billion
A new note from CoreLogic says that it estimates that privately insured gross modelled losses from Hurricane Nicole will be less than $750m
Kyte, the San Francisco-based insurtech startup that offers a delivery and pick up service for car rentals, has closed a $60 million Series B round
Dai-Ichi Life Holdings has made an offer to acquire shares of pet insurance provider ipet Holdings, with the intention of making it a wholly-owned subsidiary
Aflac and Trupanion are announcing a joint venture between Aflac Life Insurance Japan and Trupanion to provide pet insurance in Japan
Since its launch by the United Nations, the ESG movement has grown into a global phenomenon that is reshaping the asset management
MetLife stock has actually had an eventful 2022. While the S&P 500 index has fallen 22% this year, MetLife stock has cruised to a 20% gain, including reinvested dividends
Guy Carpenter launches of MetaRisk Live, a new tool that supports the structuring and optimization of reinsurance strategies in real time
Root Insurance shared its Q3 2022 results. To further improve cash flow, insurtech is prioritizing resources that support its “go forward strategy.” As a result, the… Read More »Car insurtech Root Insurance premiums in Q3 2022 decreased by 26% to $151 mn
Home insurtech Hippo has announced total generated premium (TGP) growth of 36% to $219 million in third quarter of 2022
Allianz has released its Q3 results, saying that operating profit grew by 7.4% in the period to reach €3.5bn
Copper, a provider of institutional digital asset custody and trading solutions, has secured $500 million of insurance protection for digital assets in cold storage
Hurricane Ian is expected to have an “immediate and substantial” impact on the excess and surplus (E&S) lines property market
Glow, the digital insurance agency for small businesses, announced that it has closed a $22.5 million round of series A financing led by Cota Capital
San Francisco-based provider of management insurance for high-growth businesses Anzen Insurance has raised $10 million in seed financing led by Andreesen Horowitz
Rhino announced agreements with several insurance carriers and reinsurers, including Ally Insurance, ReAlign, and Clear Blue Insurance Group
Substantial increases in interest rates globally have significantly affected the balance sheets of some insurers this year
Insurtech Lemonade says that in-force premiums (IFP) with the firm have risen 76% year on year to reach $609m in Q3 2022.
SCOR has reported a net loss of €509 million for the first nine months of 2022, as natural catastrophe claims increased to €907 million
UK Insurtech Policy Expert, a leading personal lines digital insurance provider, has announced its expansion plans, which include enhancing its technology division
With the world facing growing challenges including the war in Europe and a global energy crisis, it is essential that the mission- and business-critical communications networks
By end user, cybersecurity insurance solutions to be leveraged maximum by insurance providers, registering an 18% CAGR.
Google Cloud and Travelers announced they are working together to create a cloud-based data ecosystem that will quickly synthesize vast amounts of information
FRISS announced the launch of their Trust Automation Platform. While trust is important, it’s of ultimate importance in ours – it’s the very concept insurance is built on
Non-life insurance premiums in Italy rose by 6%, according to data from Fitch Ratings, owing to strong growth in non-motor lines
Insurance Europe has said that the continent’s insurers and reinsurers are still willing to play their ‘important role’ in tackling climate change
