Insurance

Catastrophe bond market breaking records in 2024: Artemis

Catastrophe bond and related insurance-linked securities (ILS) issuance has already broken the first-half year record at $10.9 billion, beating the previous high set in H1 2023 ...

Gordon Browne to rejoin AIG as Global Head of Specialty

Gordon Browne has been appointed Global Head of Specialty at American International Group (AIG), effective June 11, 2024, reporting to Jon Hancock, Executive Vice President and ...

Munich Re Automation Solutions’ underwriting solution goes live with Brazilian life insurer

Munich Re Automation Solutions Ltd, a provider of automated underwriting and analytics solutions to the life insurance industry, has announced that its SARA risk assessment solution ...

Legal & General completes £900mn buy-in with ICI Pension

Legal & General Assurance Society Limited has completed an approximately £900 million buy-in with the ICI Pension Fund, securing the benefits of over 7,000 retirees. This ...

AXA XL appoints Robert Riha as Chief Client & Distribution Officer, APAC & Europe

AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Robert Riha as Chief Client & ...

Rising rates boost US life/annuity insurers’ returns in 2023: AM Best

A new AM Best report indicates that rising interest rates in 2023 increased the portfolio yields of US life/annuity insurers by nearly 30 basis points, from ...

Slide finalises $1.86bn 2024 reinsurance program

Full-stack homeowners insurtech, Slide Insurance, has completed its $1.86 billion reinsurance program for the upcoming 2024 Atlantic hurricane season, reinforcing its ability to protect homeowners across ...

Nationwide Insurance Exits High Net Worth Market

PURE (Privilege Underwriters Reciprocal Exchange) Insurance was founded in 2006 and is dedicated to serving high-net-worth individuals and families. PURE operates as a member-owned reciprocal insurer, ...

Growing MGA market deserves more oversight, AM Best says

Global credit ratings agency AM Best is maintaining a positive outlook on the delegated underwriting authority enterprise (DUAE) market, citing sustained global growth and momentum, as ...

TWIA aims to reduce future reinsurance purchases following record 2024

The staff of the Texas Windstorm Insurance Association (TWIA) plan to recommend that lawmakers consider new ways to reduce the insurer of last resort’s future reinsurance ...

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