News

Insurance

Markel jumps into Vesttoo bankruptcy case over $128m fraudulent LOCs

It claims two LOCs were found to be fraudulent in collateralised reinsurance transactions.   1 September 2023

Insurance

Beazley launches parametric tornado insurance with Spinnaker

The new innovative solution to offer fast claims payment in the aftermath of a tornado.   1 September 2023

Insurance

Citizens, Progressive, Chubb, Allstate and AIG to face top Idalia losses

Personal lines carriers will take reinsurance recoveries, key equity brokerage believes.   31 August 2023

Insurance

Fusion lifts former Aviva recruit to global chief underwriting post

The executive will support the business’ growth ambitions in M&A and transactional risk.   31 August 2023

Insurance

AXA XL takes 20-year BCG vet for top leadership post following exit

She will lead AXA XL’s insurance business in the Americas (US, Canada and Bermuda).   31 August 2023

Insurance

Hurricane Idalia may hold insured losses to low single digit billions

‘This is not the devastating event that was feared even 24 hours ago.’   31 August 2023

Insurance

+Simple and GMBC join forces to target European MGAs

The firms have unveiled a strategic merger that benefits both parties.   31 August 2023

Insurance

DWF continues Middle East expansion with swoop on Clyde

The hires have expertise in both the London and Middle East insurance markets.   30 August 2023

Insurance

Hiscox Re & ILS picks new chief technology officer from RGA

The executive boasts 20 years of experience in information technology roles.   30 August 2023

Insurance

Big 4 reinsurers show only ‘moderate’ appetite to date in hard market

Anti-cyclical buffer-building is tempering gains from higher premiums and lower nat cat.   30 August 2023

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