News

Insurance

Optio expands into Europe with major MGA acquisition

The acquired company specialises in business-to-business insurance solutions.   25 July 2024

Insurance

First insured loss estimates emerge from major worldwide IT outage

Parametrix says cyber insurance losses likely 10% to 20% of the total outage damage.   24 July 2024

Insurance

Beazley likely held cyber hit on IT outage below $120m: Berenberg

Beazley has the needed sub-limits, waiting periods and distance to affected sectors.   24 July 2024

Insurance

Chubb slows Q2, but holds double-digit growth; pre-cat margins flat

Property lines feel ‘competitive’ versus a durable and needed trend for casualty firming.   24 July 2024

Reinsurance

New specialty reinsurer launches

It will underwrite specialty and casualty lines—D&O, PI, cyber and more.   24 July 2024

Reinsurance

Aon taps 30-year vet as new Bermuda CEO to drive innovation & risk transfer

The executive to replace its CEO and president of 38 years.   24 July 2024

Reinsurance

Martello Re mulls growth with $1.3bn capital raise

It entered the reinsurance market with MassMutual and HSCM backing in early 2022.   24 July 2024

Insurance

Markel expands casualty underwriting leadership

A 30-year industry exec with Chubb/AIG pedigree to lead Markel’s casualty suite of products.   24 July 2024

Insurance

Penn Mutual to sell $150bn asset manager to global PE giant

Fitch views the sale as ‘opportunistic’.   24 July 2024

Insurance

WTW grows M&A practice in Asia Pacific

The broker sees a strong opportunity to invest in the M&A market.   24 July 2024

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