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

Property AI insurtech Tensorflight closes new funding led by QBE Ventures

It also includes new investors Tareyton Venture Partners and ff Venture Capital Poland.   14 October 2021

Insurance

Fusion taps Gallagher for hire as it targets M&A insurance growth

Part of the POP Holdings Group, Fusion partners with the likes of Allianz, Markel and Zurich.   14 October 2021

Insurance

RenRe anticipates $725m Q3 hit from cats including Ida and Europe floods

It expects Hurricane Ida alone will result in a net negative impact of $440m.   13 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

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