News

Insurance

QBE shutters North America mid-market, sees no impact on core appetites

Non-renewals will trim the $500m GWP book in 2024, make ‘substantial’ cuts in 2025.   19 June 2024

Insurance

D&O insurance barks, but does not bite; profits may roll on: AM Best

After the best margins in a decade, carriers feel ‘little pressure’ to hike rates.   19 June 2024

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

Reinsurance

Malaysian Re & Pacific Life Re extend Islamic reinsurance programme

Collaboration on retakaful solutions between the parties dates back to 2019.   19 June 2024

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

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