News

Insurance

AUM launches ‘first of its kind’ ILS Ocean Fund

The structure has been modelled on Bermuda ILS funds.   18 November 2022

Insurance

Former Marsh/Willis senior leader to help scale AI start-up Eigen

The executive previously worked at AXA, DXC and as CEO of Pro Global Insurance.   18 November 2022

Insurance

Africa Specialty Risks partners with Moroccan reinsurer SCR

The pair will combine capacities to write multi-business line coverage across Africa & Middle East.   18 November 2022

Insurance

Tesla puts telemetric insurance in 11th state, now covers 30% of US

Tesla last said it could have an offer for 80% of US Tesla owners by year-end.   18 November 2022

Insurance

SCOR downgraded on ‘persistent underperformance’ – but remains bullish on P&C hardening

Its performance is not in line with that of close peers such as Munich Re & Hannover Re, says S&P.   18 November 2022

Insurance

New Asta-managed, Pelican-backed risk carrier Trium Cyber gets Lloyd’s nod for Jan 1

The carrier plans to write $50 million of gross premiums during its first year.   17 November 2022

Insurance

Swiss Re: inflation with hit premium growth⁠ – but there is silver lining

Global economy will cool down under the weight of inflation & interest rate shocks, predicts Swiss Re   17 November 2022

Insurance

Credit Suisse tells investors to buy cat bonds in post-Ian shake-down

The industry ‘is on verge of upheaval’; may offer ‘interesting market opportunities.’   17 November 2022

Insurance

US P&C premium accelerates again Q3; commercial property in focus

Nat cat plus inflation pushes commercial property back to double-digit premium growth.   17 November 2022

Insurance

RMS pegs Hurricane Nicole insured losses at $2bn but warns of major uncertainties

The risk modeller expects ‘significant uncertainties’ in the loss attribution and claims settlement.   17 November 2022

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