News

Insurance

TWIA fails in Texas rate hike bid, rates hold 20+% below adequacy

Business & community join hands to oppose cost of living hike for coastal workers.   9 August 2023

Insurance

Texas’ TWIA suffered 40% hike in reinsurance rate-on-line to 9.1%

TWIA will pay ‘a little bit lower’ than budget, but ‘significantly’ above prior year.   9 August 2023

Insurance

Xceedance eyes expansion in Europe and Australia

The company has appointed its co-founder to a strategic leadership role in London.   8 August 2023

Insurance

Argo falls to $0.5m loss ahead of Brookfield Re sale

The specialty re/insurer’s gross written premiums fell 23.2% due to businesses sold and exited.   8 August 2023

Insurance

Cyber MGA Resilience bags $100m funding for European expansion

The funding is led by Intact with participation from Lightspeed Venture.   8 August 2023

Insurance

Above the fray: hike in property cat retentions has done the trick

Volatility is for primaries; reinsurers gliding through H1 nat cats largely unscathed.   8 August 2023

Insurance

Scandal-hit Vesttoo: ‘significant’ senior execs exit, 50 ‘focused’ remain

Vesttoo says KYC check was conducted on all parties internally and by external organisations.   7 August 2023

Insurance

Ariel Re bolsters analytics to drive cyber reinsurance growth plans

Reinsurer partners with CyberCube to enable better risk selection and pricing.   7 August 2023

Insurance

SiriusPoint CEO Egan hails recovery post underwriting ‘surgery’ and revamp

‘This isn't the destination, but demonstrable progress’: CEO Egan.   7 August 2023

Insurance

Lonmar snaps up five Price Forbes specialists in ‘major coup’

The Brown & Brown-owned company seeks to expand in fine art, jewellers block and specie.   7 August 2023

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