Instnt, a venture-backed insurance technology company, has announced a strategic partnership with global reinsurer Munich Re to expand reinsurance capacity for its Fraud Loss Insurance product. Instnt developed this solution to address the heavy burden of fraud on businesses, which cost an estimated $485.6 billion globally in 2023. The Fraud Loss Insurance product combines AI-driven […]
In a recent report, Zurich Insurance Group emphasised the urgent need to strengthen Europe’s clean energy infrastructure against growing climate-related threats, calling for stronger collaboration between the public and private sectors. The report analysed more than 25,000 power generation sites across France, Germany, Italy, Spain, and the UK. Using Climate Spotlight, Zurich Resilience Solutions’ geospatial […]
Protecdiv, an insurance and reinsurance brokerage firm, has announced the immediate appointment of Sandra Thompson, former Director of the Federal Housing Finance Agency, as an Independent Director on its Board. With many years of experience in financial services, regulatory oversight, and corporate governance, Thompson joins Protecdiv as the company continues its growth and development. Thompson’s […]
Adaptive Insurance, a company focused on climate resilience using AI and data to offer climate-based parametric insurance, has entered a partnership with Tokio Marine HCC (TMHCC), a specialty insurance group based in Houston, Texas, and part of the Tokio Marine Group. With TMHCC’s financial backing and specialty insurance experience, Adaptive Insurance’s GridProtect—its short-term power outage […]
Munich Re’s ERGO Group AG has completed the merger of its Danish travel insurance company, Europæiske Rejseforsikring A/S and its Norwegian health insurance business, ERGO Forsikring AS, formerly known as Storebrand Helseforsikring AS, expanding its presence further in the Nordic market, creating significant growth potential. Following the merger, ERGO is combining its travel and health […]
Final lines for Florida Citizens Property Insurance Corporation’s 2025 risk transfer programme reveal that insurance-linked securities (ILS) and collateralised markets make up the majority of the new reinsurance placed, and the total tower for the year ahead. Yesterday, we reported that Citizens, Florida’s insurer of last resort, had successfully secured its target risk transfer programme […]
Miller, the independent specialist insurance and reinsurance broker, has launched MillerBoost, a Property smart follow facility that aims to help brokers and clients move faster and with greater confidence in a rapidly evolving risk environment. MillerBoost combines tracking and algorithmic capacity to deliver speed, precision, and access to A+ rated Lloyd’s capacity for Miller’s clients. […]
A severe drought in Pakistan has triggered a £261,243 parametric insurance payout to Tearfund, directly supporting chilli farmers in the southern region of the country. The payout was triggered by a severe period of hot and dry weather resulting in reduced soil moisture in parts of the country. This innovative parametric product uses satellite data […]
MAPFRE USA, the holding company for a number of property and casualty insurance companies, has appointed Mark Pasko as Executive Vice President (EVP), General Counsel and Secretary of US operations, effective July 21st, 2025. In his new role, Pasko will be responsible for MAPFRE’s legal, regulatory and government affairs in the US, along with compliance, […]
Keefe, Bruyette & Woods, Inc. (KBW), an investment bank and research firm focused on financial services, expects overall commercial insurance rate increases to moderate in 2025 following years of compounding gains across most lines of business. Drawing on detailed pricing data from MarketScout, an industry analytics provider tracking insurance rate trends, KBW highlights that although […]
