Italian insurer Generali has completed its acquisition of La Médicale
Italian insurer Generali has completed its acquisition of La Médicale, the insurance subsidiary for healthcare professionals Crédit Agricole
News
London Insurance Market’s electronic placement platform has been delayed
The next phase of the London Insurance Market’s electronic placement platform NextGen 2.0 has been further delayed, this time to February of next year
Global reinsurer capital totalled $660bn
Global reinsurer capital fell by $30bn from the end of 2021 to the end of the first-quarter of 2022. In a statement that this was driven mainly by unrealised losses
New Cyber insurance rates for energy companies. Why insurers raise prices?
Energy and utility companies have become the main target for cyber attacks. Given the growing threat of such attacks, demand for cyber insurance
Main trends that are making insurers shift to risks prevention
The two main trends that are making insurers shift to prevention are the growing complexity of risks society faces, and the ever-increasing availability of data
Insurers are relatively well prepared for a recession
The privately owned bank also predicts a shallow recession in 2023 across Europe, the UK and the US, according to a newly issued sector note by Berenberg
How insurers can help to reduce climate change impact in Africa
Through analysis, underwriting, investment and advice, insurance sector of Africa is helping to understand the complexities of climate change
Insurance Europe has called for the European Union to protect insurers
We are therefore supportive of the European Parliament’s legislative own-initiative report on responsible private funding of litigation
Ledger Investing raises $75M to democratize Insurance Risk Capital
InsurTech start-up, Ledger Investing has announced that it has raised $75 million in Series B funding led by WestCap, with participation from Teachers’ Venture Growth… Read More »Ledger Investing raises $75M to democratize Insurance Risk Capital
Insurers and Policymakers must work together to tackle protection gaps
Significant protection gaps exist in societies and economies around the world and coordinated action is required from policymakers, insurers and the public to address them. … Read More »Insurers and Policymakers must work together to tackle protection gaps
Key positions on the Global Insurance Capital Standard
Insurance Europe has published a summary of its key positions on the Holistic Framework and the Insurance Capital Standard (ICS), ahead of the International Association… Read More »Key positions on the Global Insurance Capital Standard
Insurers continue to assess exposure and liabilities to Ukraine & Russia
The aggregate value of planes stuck on Russian territory following the nation’s invasion of Ukraine could even surpass the claims stemming from 9/11. Insurers continue… Read More »Insurers continue to assess exposure and liabilities to Ukraine & Russia
Munich Re and Swiss Re have the largest share of hurricane losses
Munich Re and Swiss Re typically have the largest share of hurricane losses among the European reinsurers. They have historically incurred the highest share of… Read More »Munich Re and Swiss Re have the largest share of hurricane losses
Home and Auto insurance Startup Branch raised $147 mn
Branch, a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 billion
Arthur J. Gallagher acquires the UK’s broker Devitt Insurance
Arthur J. Gallagher acquired of Romford, Essex-based Devitt Insurance Services Limited (“Devitt”) in the United Kingdom
Insurtech automating insurance platform Akur8 closed funding of $30M
Automating insurance pricing is a big business, and the world of AI is coming at it “full pelt.” The latest is Akur8, an insurtech automating insurance… Read More »Insurtech automating insurance platform Akur8 closed funding of $30M
Spainish insurtech Bdeo closes a Series A round of funding
Bdeo, insurtech company from Spain and Latin America, has closed a Series A round of funding worth €5 million
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US 30-year mortgage rates reached 7.55% as refinancing and purchase applications declined, raising monthly costs and pushing more borrowers toward ARMs
Global research with insurance leaders examines why AI investment often remains tied to existing processes and how insurers are redesigning operating models
Fifteen days of percentage-only rankings replace wallet-size advantages with a pure skill metric. A live-streamed final strips capital gaps out of the equation entirely
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021