News
Alternative Risk Transfer
The US Federal Emergency Management Agency (FEMA) plans to secure additional reinsurance cover for the National Flood Insurance Program (NFIP) by engaging the capital markets for the first time through an insurance-linked securities (ILS) transaction on or about July 1, 2018. 4 April 2018
Insurance
Almost three years ago, a group of insurance professionals got together to consider the challenges facing BAME individuals and those from outside the UK working in the insurance sector, as Ajay Mistry and Kishan Mangat, co-chairs of the Insurance Cultural Awareness Network, report. 19 December 2019
Insurance
Insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018, according to a study by Juniper Research. 22 August 2018
Insurance
Insurtech Bought By Many has closed a £15m Series B funding round led by CommerzVentures, the corporate venture capital arm of Germany’s Commerzbank with participation of insurance broker Marsh. 3 July 2018
Insurance
Specialty re/insurer Brit reported a profit after tax of $157.6 million compared to $15.6 million in 2015 despite experiencing further rate deterioration. 17 February 2017
Insurance
Canada-based Fairfax Financial Holdings has announced that it made a net loss of $512.5 million for 2016, down substantially from the $567.7 million net profit it made the year before. 17 February 2017
Insurance
Specialist global insurer Hiscox has appointed Glenn Dorr as head of business development and broker relationships, North America, within its London Market business. 20 November 2017
Insurance
Organisations are facing an increased threat to their operations from fraudulent instruction scams, according to claims data recorded by cyber specialised insurer Beazley. 5 February 2018
Alternative Risk Transfer
The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best. 5 February 2018
Alternative Risk Transfer
Re/insurer QBE North America, part of QBE Insurance Group, has formed a strategic programme alliance with AmWINS Special Risk Underwriters (SRU) to launch a national excess property programme. 5 June 2017
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