News

Insurance

Ryan Specialty makes bold move into Florida with US Assure acquisition

Ryan Specialty will hold a mutually exclusive underwriting agreement with Zurich.   2 August 2024

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

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