News

Insurance

Ageas drops Direct Line takeover bid; can’t justify major sweetener

Shares drop to within 11% of pre-saga pricing, suggesting little hope of major rival bid.   25 March 2024

Insurance

Miller nabs energy quartet from Willis Towers Watson for expansion

WTW’s head of downstream natural resources broking joins Miller.   25 March 2024

Insurance

MGA Arcadian Risk launches US entity to write mid-market E&S casualty

Senior hire with a long history in the E&S Casualty marketplace to lead US entity.   25 March 2024

Insurance

US P&C chases personal line losses, cut underwriting loss 15% in ‘23

Double digit premium gain for homeowner & personal auto make for 2/3 of total NWP gain.   25 March 2024

Insurance

RSA appoints property director for UK specialty lines

Appointee to oversee ‘profitable growth’ of the book.   25 March 2024

Insurance

Cautious optimism: S&P mulls LatAm mixed prospects for insurers

The Latin American economic picture may stagnate overall in 2024, leading to a cautious outlook for insurers seeking growth. But there are also some good reasons for optimism, S&P Global Ratings reveals in a new report.   22 March 2024

Alternative Risk Transfer

Tokio Marine returns with new $100m Kizuna Re quake cat bond using SDB

It has become the first Japanese cat bond sponsor to use sustainable development bond.   22 March 2024

Insurance

State Farm speeds California retreat: kills a line, non-renews 72,000

Losses may have pushed California unit’s solvency up against intervention threshold.   22 March 2024

Insurance

Zurich eyes Baltic expansion after 150 years in the Nordic

It is entering Baltic markets for opportunities in Estonia, Latvia, and Lithuania.   22 March 2024

Insurance

US flood carrier NFIP sees 50% of policies underpriced for 5Y

Given annual caps on rate hikes, some clients could be underpriced for a quarter century.   22 March 2024

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