News

Alternative Risk Transfer

Beazley sponsors second 144A cyber cat bond via PoleStar Re taking total to $300m

The insurer has secured additional $160m of cyber reinsurance coverage.   20 May 2024

Insurance

Aon’s North American chief steps down ahead of year-end exit after 33 years

She is credited for building ‘inclusive’ teams; will transition to executive chair.   17 May 2024

Technology

Insurtech Cover Genius nabs $80m fresh capital from Twitter/Slack early investor

The funding to fuel its global expansion plans in embedded insurance—a growing market.   16 May 2024

Insurance

Everest spreads wings to Australia, eyes major expansion in Asia Pacific

The move is part of its international expansion strategy.   14 May 2024

Insurance

Ardonagh in landmark deal to acquire Australian broker for A$2.3bn

The acquired firm has over 40 trading brands and operations in seven countries.   8 May 2024

Reinsurance

Hiscox Re & ILS, Ariel Re launch cyber catastrophe consortium CyberShock

CyberShock is designed to ‘materially improve’ the market’s approach to cyber catastrophes.   25 April 2024

Insurance

Hamilton surges on top line, trips on Baltimore bridge & reserves

Baltimore bridge and PYD combine for 13 ratio points to cut underwriting profit y/y.   9 May 2024

Alternative Risk Transfer

Aon unveils ‘first-of-its-kind’ ESG risk transfer solution

It provides cover for key risk exposures associated with Carbon Capture and Storage (CCS).   14 May 2024

Reinsurance

SCOR on Q1 margin slide: we build reserve buffers every chance we get

A normalised combined ratio would have been ‘well below’ SCOR’s 87% target, CFO says.   17 May 2024

Insurance

IGI kicks off multi-line trading at Lloyd’s, signals strong London strategy

The re/insurer has started trading for the first time at Lloyd’s.   9 May 2024

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