News

Reinsurance

Guy Carpenter posts strong growth for Marsh McLennan in Q3

MMC CEO Doyle said the group is ‘on track for another great year in 2024’.   18 October 2024

Technology

AI is like a ‘co-pilot’ in the claims environment

The technology is already supporting adjusters in many ways from improving decision accuracy to flagging fraudulent activity but caution is needed over data privacy, says Crawford & Company’s Wayne Brand.   18 October 2024

Insurance

New Arch CEO Papadopoulo lands $1.3m annual salary

The top executive will receive an yearly bonus of 200% of the base salary.   17 October 2024

Insurance

Florida’s HCI Group weathers $750m hurricane losses

The loss estimates are attributable to Hurricanes Debby, Helene, and Milton.   17 October 2024

Reinsurance

LM Re strengthens specialty casualty underwriting with ex-Vantage Risk hire

The executive will focus on complex financial institutions risks.   17 October 2024

Technology

Insurtech Inshur bags $19m to scale US operations

The funding round was led by Viola Growth, with participation from MS&AD Ventures.   17 October 2024

Insurance

US wholesale property rate slows amid rising capacity, Q4 looks smooth

Hurricanes Helene and Milton won’t give the knee-jerk impact that Ian had in 2022-23.   16 October 2024

Insurance

European insurers eye strong FY24 amid varying market dynamics

Non-life price hikes were milder in Italy and the UK than in Germany.   16 October 2024

Insurance

Progressive faces heavy cat losses from Hurricanes Helene and Milton

It incurred 9.0 loss ratio points related to Hurricane Helene.   16 October 2024

Reinsurance

Gallagher Re strengthens life & health leadership in Asia Pacific

It has made a double hire to bolster its L&H units in China & Hong Kong and India.   16 October 2024

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