Traditional risk management models are being tested by unprecedented natural disasters, geopolitical tensions and economic volatility, and with complex and evolving perils more interconnected and severe than ever before, insurers and reinsurers must adapt, according to Howden Re, the reinsurance broking arm of the global insurance intermediary. Howden Re’s new report, Beyond the horizon: shaping […]
In the first half of 2024, the insurance carrier M&A landscape saw 103 deals completed, the lowest seen in 15 years, according to Clyde & Co’s mid-year Growth report update. This follows a notable decline in deal volumes throughout 2023 in response to a surge in inflation and interest rate cuts. However, since then, a […]
NFP, a company under Aon and a broker in property and casualty (P&C) insurance, benefits consulting, wealth management, and retirement plan advising, has announced its acquisition of Scott Litman Insurance Agency (SLIA). SLIA, based in Calabasas, California, is a P&C broker with expertise in habitational risk. Scott Litman, President of SLIA, will take on the […]
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has reported a 24%, or £600 million year-on-year rise in underwriting profit to £3.1 billion for the first half of 2024, as the market produced its best interim combined ratio since 2007 of 83.7%. In 2023, Lloyd’s achieved its best underwriting result in recent history, and the […]
Specialist Risk Group (SRG), the insurance intermediary, has acquired Capulus, the specialist motor fleet managing general agent (MGA), based in Wales. According to the announcement, Capulus’ team, which consists of 21 colleagues, will join SRG’s MGA pillar – MX, which will further enhance SRG’s motor fleet capabilities across its Retail, Wholesale, and Underwriting pillars. Moreover, […]
Bishop Street Underwriters, the multi-boutique insurance platform owned by RedBird Capital Partners, has announced a strategic joint venture with Skyward Specialty Insurance Group to support growth of its Differentiated MGA Platform. The joint venture is expected to accelerate Bishop Street’s ability to strengthen managing general agents (MGAs) and support existing program expansion, new product and […]
Hexaware, an IT services and solutions provider, looks to accelerate insurance pricing transformation with its recent Earnix partnership, a global provider of AI-based SaaS pricing and rating solutions for financial services. The partnership aims to improve underwriting, efficiency, reduce losses, better comply with the regulations, and ensure competitive advantage through effective pricing strategies. Hexaware supports […]
Distinguished Programs, a national insurance programmes manager, has appointed Ashley Mehyo as Vice President of Claims for its Fine Art and Collectibles programme. With over seven years of industry experience, Mehyo has specialised in Fine Art & Collectibles throughout her career. Her expertise will be crucial in advancing Distinguished’s commitment to offering top-tier claims service […]
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WHO and its partners launched the campaign this week after Gaza recently reported its first polio case in 25 years, a 10-month-old boy.
