Annuities sales in the United States have reached their highest levels, surpassing all previous records, with the United Kingdom experiencing a similar trend in life-saving product sales, following a similar trajectory, Swiss Re has revealed. This presents a vital opportunity to reduce the pensions gap, analysts highlight. At the same time, they warned that savings […]
Newline Group, a specialty insurance provider, has announced the launch of a new office in Manchester, reinforcing its ongoing dedication to brokers and clients in the UK’s regional market. This Manchester location is the company’s second regional office in the UK, following the opening of its Leeds office in 2017. Newline remains focused on strengthening […]
Sapiens International Corporation, a provider of software solutions for the insurance industry, has announced a new partnership with Addresscloud, a cloud-based location intelligence firm. This collaboration aims to enhance insurers’ ability to assess geographic risk and make well-informed underwriting decisions by providing access to global geospatial data. The partnership brings several advantages, including precise geocoding […]
Property and casualty insurer, Berkshire Hathaway Specialty Insurance (BHSI), has announced the promotion of Theresa Biedermann to Senior Vice President (SVP), Head of Commercial Lines (Public) and Financial Institutions Claims for Executive & Professional (E&P) Lines Claims in the US. Robert Romeo, Head of Claims, North America at BHSI, commented, “All of us at BHSI […]
Members of the Farm Bureau Property & Casualty Group have seen a 30% drop in surplus through Q2’24 due to significant catastrophe losses, including a major hailstorm in May and a wildfire in June, leading AM Best to downgrade its Issuer Credit Ratings. As a result, key balance sheet strength metrics have weakened and no […]
Texel Group, a specialist in credit and political risk insurance, has announced that Hélène Heas and Davis Ng have joined its Singapore office as brokers, and will report to Angela Chang, Managing Director of Texel Asia. Heas and Ng will play key roles in expanding Texel’s business across the Asia Pacific region. They will work […]
John Neal, Chief Executive Officer (CEO) of the specialist Lloyd’s insurance and reinsurance marketplace, said earlier today that there’s no reason for price to significantly change, and that the market still sees the makings of a super cycle amid stable underwriting and capital conditions. After releasing an impressive set of results for the first half […]
Global insurance broker Acrisure has announced the appointment of Bill Farber as Head of Growth for its Mid-Atlantic Region to drive regional growth and capitalise on emerging business opportunities. In his new role, Farber will oversee growth strategies that align with Acrisure’s vision of making an impact with tech-driven solutions across the insurance and financial […]
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 […]
