Personal Insurance

Australia's APRA highlights ILS & cat bonds as viable reinsurance alternative

Australian regulator of banks, insurers and pensions, the Australian Prudential Regulation Authority (APRA), has highlighted the viability of insurance-linked securities,.. Read More

Nephila AUM stable at $7.2bn. Markel's Nephila ILS revenues rise

At the end of the second-quarter of 2023, assets under management at Nephila Capital, one of the largest insurance-linked securities,.. Read More

New Zealand flood industry loss rises 18% to almost NZ $2bn: PERILS

There has been another significant increase to the insurance and reinsurance industry loss estimate for this year’s severe flooding that,.. Read More

Vesttoo: CEO Bertele & co-founder Lifshitz removed. Multiple banks said involved

As the saga involving insurtech Vesttoo continues to develop, it’s now been reported that the CEO and Chief Financial Officer,,.. Read More

AIG buys pre-wind season retro for Validus, XoL for Private Client Group: Zaffino

Speaking during the second-quarter earnings call for insurance giant AIG, the insurers’ CEO Peter Zaffino explained that the company took,.. Read More

Hurricane season: Forecasters place bets on SSTs overriding El Nio

The UK Met Office has pared back its forecast slightly in a new update, but while now predicting fewer,.. Read More

Vesttoo: Collateral LOC issues weren't spotted by multiple parties involved

As the story surrounding the discovery of fraudulent or forged letters of credit (LOCs) linked to collateralized reinsurance transactions facilitated,.. Read More

Progressive expects aggregate reinsurance to attach in Q3

US insurance giant Progressive believes that it will trigger recoveries under its aggregate catastrophe reinsurance coverage in the third-quarter of,.. Read More

Allstate shrinks Florida reinsurance tower, uses cat bonds to fill upper layers

At the mid-year renewals, US primary insurance giant Allstate has shrunk its Florida reinsurance tower, and shifted all of its,.. Read More

AXIS' third-party capital premiums ceded fall again, but fees rise for Q2

Bermuda-headquartered re/insurer AXIS Capital has continued to cede lower reinsurance premiums to third-party capital partners in the second-quarter of 2023,,.. Read More

Slide approved for perhaps largest Florida Citizens takeout ever: CEO Bruce Lucas

Speaking with us today, Bruce Lucas, the Chief Executive Officer (CEO) of full-stack homeowners property insurtech, Slide Insurance Company, explained,.. Read More

FBI investigating LOC fraud allegations linked to Vesttoo collateral

As the audit and investigation into the discovery of fraudulent or forged letters of credit (LOCs) linked to collateralized reinsurance,.. Read More