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Insurers admit being capital-hungry; 18% look to third-party investors
Insurance
Insurers admit being capital-hungry; 18% look to third-party investors
Some 39% of insurers feel pressured to secure more capital; 60% say it would help growth.   19 June 2024
Malaysian Re & Pacific Life Re extend Islamic reinsurance programme
Reinsurance
Malaysian Re & Pacific Life Re extend Islamic reinsurance programme
Collaboration on retakaful solutions between the parties dates back to 2019.   19 June 2024
Brace Underwriting to expand Canadian P&C portfolio with new hire
Insurance
Brace Underwriting to expand Canadian P&C portfolio with new hire
The new appointee boasts 13 years of experience from Tokio Marine Kiln.   19 June 2024
Insurance
R&Q heads for liquidation; all hope is lost for rescue via asset sales
R&Q’s programme management business will still go to Onex; legacy set for bankruptcy sale.   19 June 2024
Insurance
Insurers suffer 30% rise in claims from lightning in 2023 to $1.2bn
The convective storms claims in 2023 marked a 30% increase from 2022.   19 June 2024
Insurance
Insurers face up to €3.6bn in claims on German floods, Verisk warns
Flood coverage approaches 50% in Bavaria and exceeds 90% in Baden-Württemberg.   19 June 2024
Insurance
QBE lifts insider to boost underwriting market position across Asia
The previous chief underwriting officer has transitioned to a group head position.   19 June 2024
Insurance
Zurich seals $670m deal for majority stake in Indian general insurer
The deal is India's largest foreign investment in general insurance since FDI cap upped.   19 June 2024
Insurance
Sanlam to buy majority stake in financial wing of top African media group
Sanlam could push the insurance cross-sell on 21m households across 50 African nations.   18 June 2024
Reinsurance
Munich Re expands parametric risk transfer capabilities with key hire
The hire has worked at TigerRisk, Sompo and Parameter Climate.   18 June 2024

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