News

Reinsurance

Munich Re enjoys upgrade, ‘well with peers’ on profit, better in diversification

S&P says Beryl, CrowdStrike, Baltimore losses likely within Munich Re’s loss budget.   26 July 2024

Insurance

Penn Mutual to sell $150bn asset manager to global PE giant

Fitch views the sale as ‘opportunistic’.   24 July 2024

Reinsurance

SCOR launches bold turnaround plan after L&H setbacks; ‘disappointed’ CEO Léger takes charge

CEO of SCOR L&H to exit; Léger vows to restore profitability in a sustainable way.   30 July 2024

Reinsurance

CrowdStrike hit: Billions in losses, but re/insurers to hold steady

Business interruption, contingent interruption, and cyber lines expected to be hit hardest.   23 July 2024

Technology

CrowdStrike could be biggest cyber loss event, to hit corporate carriers hardest

Carriers with significant large corporate exposures expected to see disproportionate losses.   25 July 2024

Insurance

Berkshire Hathaway BHSI expands into surety in Spain

It has nabbed a surety expert to answer ‘an expressed need’ in Spanish market.   23 July 2024

Insurance

Insurance might not be fashionable, but it’s a great career choice

Good mentors will provide opportunities to develop and progress, says young leader.   24 July 2024

Reinsurance

MGA Banyan Risk ‘jumping in feet first’ in challenging excess casualty market

PartnerRe to back launch of its new venture, led by ex-Markel and AXIS executive.   19 July 2024

Reinsurance

SCOR said to dent market’s trust with surprise mass of L&H reserves

The 25% sell-off shows investors fearing ‘worst case tail risk’ of new equity raise.   18 July 2024

Insurance

US workers’ comp should stem softening as threats near: Swiss Re

Plentiful reserve releases have masked a soft-market move to CAY underwriting losses.   15 July 2024

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