Reinsurance consolidation more likely than Class of 2023/2024: AM Best
“We do not expect a new class of global reinsurers to emerge anytime soon,” rating agency AM Best has said,.. Read More
personal Insurance
Johansmeyer's index expertise gives Inver Re an ILW edge: Bonard, Ardonagh Bermuda
In the wake of Tom Johansmeyer, the former Head of Verisk unit PCS, joining the Ardonagh Group reinsurance broking division,.. Read More
Capital markets needed to close protection gaps: Swiss Re CEO Mumenthaler
If the insurance and reinsurance industry is to truly narrow and ultimately close protection gaps, the upsurge in demand for,.. Read More
Vesttoo case update: Order again enforces automatic stay, with no discovery
As the Chapter 11 bankruptcy case involving insurtech Vesttoo rolls on, the court has filed a now fourth interim order,.. Read More
Munich Re weather division hires Arbol's Coleman for agriculture origination
Munich Re Trading, the division of the global reinsurance firm focused on providing weather and commodity solutions, including derivatives, index,.. Read More
ARC parametric triggers integrated with World Bank social protection in Malawi
The African Risk Capacity (ARC) has designed a parametric risk transfer solution that will be integrated with a World Bank,.. Read More
Vesttoo notes some creditors question independence of its internal investigation
In a statement released by the beleaguered insurtech, Vesttoo notes that some of the creditors to its bankruptcy are questioning,.. Read More
Descartes Underwriting hires Ola Jacob for UK & Ireland biz dev role
Parametric insurance and data-driven risk transfer specialist managing general agency (MGA) Descartes Underwriting has announced the hiring of Ola Jacob,.. Read More
AM Best turns negative on US homeowners insurance
Rating agency AM Best has cited higher reinsurance costs, higher reinsurance retention levels, elevated natural catastrophe and secondary peril costs,,.. Read More
Delta in ILS and traditional property cat pricing "a clear signal" - Aon
The delta between pricing in insurance-linked securities (ILS) and traditional property catastrophe reinsurance is providing “a clear signal” to the,.. Read More
ILS ESG Transparency Initiative formed, as Swiss group add global ILS managers
The ILS ESG Transparency Initiative has been formed as a new insurance-linked securities (ILS) industry group focused on enhancing environmental,,.. Read More
Vesttoo seeks to recover $200m+ from co-founders Bertele & Lifshitz
Under-fire Israeli insurtech Vesttoo, which is at the heart of a letter of credit (LOC) fraud scandal, is now claiming,.. Read More
