Articles

Alternative Risk Transfer

Markel ILS unit Nephila bleeds assets again, despite premium surge

Despite some stabilisation from end-2022, AuM for the ILS house is down 1/3 from peak.   2 August 2024

Reinsurance

SiriusPoint nearly doubles Q2 profit, MGA consolidation paying off

The re/insurer trimmed expenses and benefited from a jump in other revenues.   2 August 2024

Insurance

Troubled insurtech unicorn formerly backed by Hollywood actor exits key market

The company has cut back its underwriting and some of its top leadership in a turnaround effort.   2 August 2024

Insurance

AXA to exit asset management, seeks $5.6bn in exclusive sale talks

The deal includes a partnership to build a European asset manager with €1.5tr in assets.   2 August 2024

Technology

Markel/Canopius/RenRe-backed insurtech secures major investment

Funding to support its MGA programme, tech expansion and select M&A.   2 August 2024

Insurance

Ardonagh MGA buys Zurich UK’s marine specialist Navigators & General

Navigators & General to join Geo Underwriting.   2 August 2024

Reinsurance

Allstate cuts Florida reinsurance tower at mid-year, shifts toward ILS

ILS starts the heavy lifting from the $340m mark, less than half the prior year trigger.   2 August 2024

Insurance

Guy Carp says market should focus on ‘kitty cats’ over single super cat post-CrowdStrike

Insured losses from CrowdStrike IT outage up to $1bn, broker predicts.   2 August 2024

Insurance

AXA solidifies position in Italian P&C market with €423m+ acquisition

AXA expects the deal to diversify its distribution channels in the Italian market.   2 August 2024

Insurance

Future-fitting tomorrow’s insurance talent

Emerging risks and advances in AI and digital technology mean that the skills required in the future will not be the same as those needed in the past, says Aon partner.   2 August 2024

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