News

Reinsurance

Allstate cuts Florida reinsurance tower at mid-year, shifts toward ILS

ILS starts the heavy lifting from the $340m mark, less than half the prior year trigger.   2 August 2024

Insurance

Mapfre bolsters C-suite to fuel transformation and innovation

The re/insurer has appointed a new group chief innovation officer.   1 August 2024

Insurance

Winners unveiled for Intelligent Insurer’s Cyber Insurance Awards USA 2024

Intelligent Insurer is delighted to announce the winners of its inaugural Cyber Insurance Awards USA 2024.   31 July 2024

Insurance

Everest Q2 profit up 8% despite higher reinsurance cat losses

The re/insurer posted record investment returns for the quarter.   1 August 2024

Insurance

Markel maintains steady premium growth despite underwriting dip in H1 2024

CEO Gayner is encouraged as ‘corrective actions’ in key product lines start to pay off.   2 August 2024

Alternative Risk Transfer

Markel ILS unit Nephila bleeds assets again, despite premium surge

Despite some stabilisation from end-2022, AuM for the ILS house is down 1/3 from peak.   2 August 2024

Insurance

AXA solidifies position in Italian P&C market with €423m+ acquisition

AXA expects the deal to diversify its distribution channels in the Italian market.   2 August 2024

Reinsurance

Munich Re enjoys upgrade, ‘well with peers’ on profit, better in diversification

S&P says Beryl, CrowdStrike, Baltimore losses likely within Munich Re’s loss budget.   26 July 2024

Insurance

AXA to exit asset management, seeks $5.6bn in exclusive sale talks

The deal includes a partnership to build a European asset manager with €1.5tr in assets.   2 August 2024

Insurance

Corebridge deconsolidation hits AIG with $4.7bn loss despite ‘stellar’ underwriting

The insurance group plunged to a substantial loss in Q2 compared to $1.5bn profit last year.   1 August 2024

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