News

Insurance

Everest Re to bear $635m Q3 hit due to Ida and Europe floods

The company’s reinsurance unit will bear the main burden of the losses.   14 October 2021

Insurance

Digital P&C market in Southeast Asia could reach $7.5bn in 5 years

That was one of the findings of a survey by Swiss Re Institute.   14 October 2021

Insurance

Insurtech At-Bay closes funding extension; firm now valued at $1.3bn

The extension with investor ION Crossover Partners brings the Series D round to $205m.   14 October 2021

Insurance

UK arm of run-off specialist Marco Capital takes on ‘The Gibbon Pool’

The deal with Allianz transfers the remaining risks in Allianz Suisse’s UK Branch.   14 October 2021

Insurance

Hannover Re to assess carbon footprint of cedants as it targets net zero emissions

It will take a proactive role to determine the greenhouse gas emissions of customer portfolios.   13 October 2021

Insurance

Silent no more: how underwriters can better grasp the risks and rewards of cyber business

The COVID-19 pandemic triggered an unprecedented increase in cyber crime which, in turn, caused insured losses from cyber to skyrocket. In tandem with this, demand for cyber insurance protection, partly driven by surging ransomware demands, is seeing exponential growth.   13 October 2021

Insurance

Arch reveals up to $345m Q3 cat hit; increases share buyback to $1.5bn

About two-thirds of the losses relate to its reinsurance business.   12 October 2021

Insurance

SiriusPoint attracts top reinsurance talent for new leadership role

The new hire will help drive SiriusPoint International’s growth and expansion plans.   12 October 2021

Insurance

Chaucer adds political risks coverage to Lloyd’s Belt & Road consortium

It aims to better protect companies against political risks and contract frustration risks.   11 October 2021

Insurance

Lloyd’s insurer Apollo gains $90m to drive ‘hybrid model’ growth

The carrier has secured a $90m investment from private equity firm Alchemy.   11 October 2021

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