News

Reinsurance

Swiss Re to exit iptiQ: strategic shift sparked by weak demand, lower tech threat

Bits of ‘unambiguous value’ may find buyers, earlier-stage entities may get run-off.   16 May 2024

Reinsurance

Swiss Re grew top-line ca 5% y/y Q1 on march to target-beating margins

Swiss Re otherwise made its IFRS17 debut without a single year-on-year pro forma comparison.   16 May 2024

Reinsurance

Swiss Re increased book 6% at 4.1 while piling out of casualty

Market discipline should hold through mid-years: supply looks ‘adequate,’ but not ‘excessive.’   16 May 2024

Insurance

AIG trims Corebridge shares in $3.8bn deal with Japanese giant

The global insurer is selling approx. 120m shares of its Corebridge common stock.   16 May 2024

Reinsurance

Swiss Re pegs loss on Baltimore bridge collapse at $100m gross

The event went exclusively to the P&C reinsurance book with no material cover at CorSo.   16 May 2024

Insurance

Aegon reveals new CFO succeeding Rider

Appointee previously held top finance roles at Admiral and NN Group.   16 May 2024

Insurance

MS Transverse CEO steps aside for vice chairman role; successor revealed

Co-founder and CEO Matson says ‘now is the right time for me to pass the torch’.   16 May 2024

Reinsurance

Ardonagh launches Price Forbes Re in ‘bold’ move to shake up traditional market

The broker seeks to bring a ‘fresh perspective to a market increasingly lacking flexibility’.   15 May 2024

Insurance

Allianz AGCS pulled back in financial lines, cyber & aviation Q1

Hesitance to poorly-priced lines led to a 2.3% y/y decline in AGCS Q1 business volumes.   15 May 2024

Insurance

BMS plucks 20+ year Marsh veteran for New Zealand expansion

The broker looks to expand its North Island market presence.   15 May 2024

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