Articles

Insurance

Ascot beefs up Bermuda leadership in expansion move

The re/insurer seeks to drive further business diversification and profitability.   3 May 2024

Risk Management

Marsh McLennan looks to ‘transform’ supply chain risks with AI

New AI platform aims to improve resilience to major shocks.   3 May 2024

Reinsurance

AIG could trim excess reinsurance in 2025 after completing transition

AIG as reinsurance junkie: could hike attachment points $500m and still be below peers.   2 May 2024

Reinsurance

RenaissanceRe sees strong Florida renewals, but still can’t be tempted

Property cat reinsurance demand is rising to double digit pace, focused on top layers.   2 May 2024

Insurance

AIG shrinks 35% on asset sales, claims low single digit underlying growth

Int’l commercial lines gained enough margin to recoup profits lost on asset sales.   2 May 2024

Alternative Risk Transfer

Markel ILS unit Nephila holds AuM steady again Q1 at $6.8bn

Premium cession to the ILS unit rises 50% y/y in Q1; asset mix renders revenue gain.   2 May 2024

Reinsurance

New leadership from AXA XL, Validus to fuel Canopius’ reinsurance ambitions

Canopius seeks to drive targeted reinsurance growth with ‘meaningful capacity’.   2 May 2024

Reinsurance

MNK Re targets expansion in surety market with Gallagher swoop

It has hired a surety broker with over 30 years of experience in the market.   2 May 2024

Reinsurance

Hamilton earns rating boost as strategy pays off in favourable market

CEO Albo hails ‘remarkable business transformation’ and improved underwriting.   2 May 2024

Technology

Changing the game

AI offers the potential for insurers to know potential customers’ risks better than they know them themselves – and that’s good news for buyers, says General Re’s chief technology officer.   2 May 2024

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