News

Reinsurance

Global P&C reinsurance market set for gains in H2 2024, but headwinds loom: Morningstar

Strong reserves and higher pricing to see reinsurers emerge ‘unscathed’ from hurricane season.   29 August 2024

Insurance

Aon’s White Rock sues Chinese bank over Vesttoo fraud damages

Broker alleges that China Construction Bank ‘harboured a fraudster’.   29 August 2024

Insurance

Enstar seals $442m adverse development cover with IAG

Portfolio to cover liabilities, motor, professional risks, and workers’ compensation losses.   29 August 2024

Reinsurance

Peak Re outlook lifted on ‘stabilised’ credit condition of Fosun

Positive outlook ‘unlikely’ in short to intermediate term under current ownership: AM Best.   29 August 2024

Reinsurance

European big four ‘well-placed’ to weather tough 2025/26 market conditions: Fitch

Analysts expect reinsurance pricing cycle and reinsurers’ margins will peak in 2024.   29 August 2024

Insurance

WTW snares Miller pro to lead international property growth

The executive spent 12 years at Marsh before moving to Miller in 2011.   29 August 2024

Insurance

BMS mines Canopius/Lloyd’s leader to build out business line

The executive has worked at AXA, AIG, Chubb, Marsh, Aon and JLT.   29 August 2024

Insurance

Zurich partners with Malaysian bank to tackle financial cybercrimes

Companies claim Malaysians lost $370m to online scams in the past 19 months.   29 August 2024

Insurance

Transactional liability MGA Euclid expands into Asia Pacific

The MGA now has boots on the ground in Singapore; eyes more deals in APAC.   29 August 2024

Reinsurance

Reinsurance rates to be ‘mostly flat’ in 2025 and T&C to hold steady

Fitch says the market has reached an equilibrium, with increased capital supply.   28 August 2024

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