Singapore aims to reinforce position as leading Asian reinsurance hub: Deputy PM Gan Kim Yong


In his keynote address at the 20th Singapore International Reinsurance Conference (SIRC), Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS), outlined a detailed plan to reinforce Singapore as Asia’s leading reinsurance hub. While Yong’s keynote touched on numerous topics, one of the […]

ICEYE estimates 2.6k buildings impacted by Spain flooding


Using its synthetic aperture radar (SAR) satellite constellation to track the recent severe flooding in southeastern Spain, ICEYE estimates that over 2,600 buildings have been affected. For those unaware, flash floods in Spain have killed over 200 people, triggered by a destructive weather system where cold and warm air meet to produce intense rain clouds. […]

Insurance broker INTERprotección opens office in São Paulo, Brazil


INTERprotección, the largest insurance broker in Latin America, has opened its new office in São Paulo, Brazil, reinforcing the company’s commitment to offer a close and personalised service across the Brazilian market, as well as continuing its growth alongside its clients. The company’s new headquarters are located in the Faria Lima area, which is regarded […]

Antares restructures business unit alongside UK insurer launch


Antares Global, the multinational group of insurance and related service companies, has announced the restructure of its underwriting operations, aligning all its business units within two streams of operation, Retail and Commercial. The changes, driven by two years of reorganisation and investment, have delivered impressive financial results, Antares highlights. With separate underwriting divisions in Bermuda […]

US election outcome has potential direct & indirect implications for European, US insurers: Deutsche Bank


Analysts at Deutsche Bank expect fairly limited direct impacts to European insurers from tomorrow’s US election but sees some potential implications for carriers in the US, including a possible post-election M&A rebound. The polls suggest it’s going to be a tight race between Vice President Harris and former President Trump, with analysts warning that the […]

CNA Financial P&C CoR impacted by cat losses in Q3’24


Chicago-domiciled insurer, CNA Financial Corporation has reported a net income of $283 million for the third quarter of 2024 compared to the $258 million seen in the comparative prior year quarter. The insurer also reported its P&C segment saw its core income increase to $346 million in the quarter, compared to the $351 million in […]