News

Insurance

AIG profit slumps on Fortitude Re losses, yet CEO bullish on 2024 growth

CEO Zaffino praises improved underwriting results and multiple complex initiatives.   14 February 2024

Insurance

Amid market volatility, Marsh unveils up to $75m excess D&O insurance facility

Marsh D&O Echo facility is underwritten by Lloyd’s of London insurers.   14 February 2024

Technology

WTW to use new mathematical modelling for climate-related risks

WTW to work with maths lab on natural catastrophe models.   14 February 2024

Reinsurance

PRA to stress test UK life insurers on reinsurance exposures

The Bank of England regulator plans to run the tests in 2025.   14 February 2024

Insurance

Sompo International expands P&C operations in Europe

The insurer has secured a licence to write primary insurance in France.   14 February 2024

Insurance

Vantage launches US primary casualty line in expansion move

The new line is in addition to its Bermuda and US excess casualty products.   14 February 2024

Technology

Marsh expands digital trading, targets 90% premium flow by 2024 end

Verisk’s Whitespace platform to support digitisation of London market risks.   14 February 2024

Insurance

DARAG kicks off 2024 with pair of legacy deals in North America

The acquirer signals a growing demand for tailored legacy solutions in the US.   14 February 2024

Insurance

Fairfax hits back at Muddy Waters’ allegations of asset manipulation

CEO Prem Watsa says: ‘We are neither Berkshire Hathaway, nor GE... We are a strong company.’   13 February 2024

Insurance

New broker and MGA launches in London market

The business plans to expand to Europe and the US in the future.   13 February 2024

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