News

Insurance

Maiden strikes renewal rights deal with AmTrust Nordic after ‘strategic review’

Group operating expenses to be reduced by up to $6m annually after divestment.   7 May 2024

Insurance

GBN appoints new leader to build London specialty MGA venture

The company has appointed a new director and group head of international.   7 May 2024

Insurance

Markel product kills done, but 10% of book still taking strong action

Markel killed non-core lines worth 2% of top line, focused on 10% below margin targets.   3 May 2024

Reinsurance

AIG could trim excess reinsurance in 2025 after completing transition

AIG as reinsurance junkie: could hike attachment points $500m and still be below peers.   2 May 2024

Reinsurance

RenaissanceRe sees strong Florida renewals, but still can’t be tempted

Property cat reinsurance demand is rising to double digit pace, focused on top layers.   2 May 2024

Insurance

AIG shrinks 35% on asset sales, claims low single digit underlying growth

Int’l commercial lines gained enough margin to recoup profits lost on asset sales.   2 May 2024

Insurance

Acrisure swoops for SME broker expanding Scottish footprint

Affinity was Acrisure’s first acquisition in Scotland in 2023.   2 May 2024

Technology

Changing the game

AI offers the potential for insurers to know potential customers’ risks better than they know them themselves – and that’s good news for buyers, says General Re’s chief technology officer.   2 May 2024

Insurance

Australian MGA Agile gets approval to begin underwriting from Lloyd’s

Asta-managed Agile ‘syndicate-in-a-box’ will commence underwriting in May.   1 May 2024

Insurance

AIG draws new diversity chief; says meaningful talent development top priority

AIG’s current chief human resources & diversity officer moves to general counsel role.   30 April 2024

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