News

Insurance

US insurers ‘passed’ 2017 but heavy 2018 losses would present real test: S&P

While the US property/casualty (P/C) insurance sector passed the ‘capital test’ in 2017 in the wake of record catastrophe losses, the real test will be how the industry fares if 2018 losses mimic last year's activity and if reserve development becomes unfavourable, according to a report from S&P Global Ratings.   25 January 2018

Insurance

Swiss Re Corp Solutions appoints new global casualty, E&S leaders

Swiss Re Corporate Solutions has appointed new leaders for its global casualty and excess & surplus (E&S) North American business lines.   6 December 2018

Insurance

Slide Insurance plots IPO to fund growth in eye of hurricanes

Group eyes stressed coastal markets beyond Florida, plans new lines plus E&S.   28 May 2025

Insurance

Allianz X leads $20m funding round in ESG data provider Arabesque S-Ray

Germany-based Allianz Group's digital investment unit Allianz X has led the Series A funding round of environmental, social, and governance (ESG) data provider Arabesque S-Ray, which uses big data and machine learning technology to assess the sustainability performance of companies.   18 July 2019

Insurance

COVID-19 to accelerate cyber insurance market growth, finds report

Analysts at S&P Global believe that COVID-19 measures will spur cyber market growth by up to 30% over the next decade.   3 September 2020

Insurance

Sompo gets uplift from S&P

Standard & Poor’s Global Ratings has raised the assessment of  Sompo Holdings Group’s enterprise risk management (ERM) to “Strong” from “Adequate with strong risk controls”.   1 May 2018

Insurance

M&A activity to continue as reinsurers grapple with challenging conditions, claims new report

Challenging business conditions, coupled with cheap financing in the debt market, will continue to fuel mergers and acquisitions (M&A) activity and drive consolidation in the global reinsurance market, according to a new report from Standard & Poor (S&P).   14 August 2019

Insurance

Everest taps new E&S casualty leader from Chubb

Bermuda-based Everest Re Group has appointed insurer Chubb's Eric Koppang to the Everest Insurance specialty casualty team within the excess and surplus (E&S) casualty unit.   12 June 2018

Insurance

COVID-19 market volatility tests North American reinsurers' resilience

S&P analysts believe that in the current circumstances 'prudence in capital management strategies is key'.   21 April 2020

Insurance

Marsh can cope with debt burden after JLT acquisition: S&P

Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT.   8 October 2018

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