News

Insurance

AXA solidifies position in Italian P&C market with €423m+ acquisition

AXA expects the deal to diversify its distribution channels in the Italian market.   2 August 2024

Insurance

Corebridge deconsolidation hits AIG with $4.7bn loss despite ‘stellar’ underwriting

The insurance group plunged to a substantial loss in Q2 compared to $1.5bn profit last year.   1 August 2024

Insurance

Ryan Specialty makes bold move into Florida with US Assure acquisition

Ryan Specialty will hold a mutually exclusive underwriting agreement with Zurich.   2 August 2024

Insurance

Everest Q2 profit up 8% despite higher reinsurance cat losses

The re/insurer posted record investment returns for the quarter.   1 August 2024

Insurance

Global insured nat cat losses jump to $62bn in H1, Munich Re says

Severe storms, flooding, and wildfires drove 76% of insured losses in the first half.   1 August 2024

Reinsurance

Miller buys European reinsurance capital advisory in major expansion move

It says new franchise an opportunity to meaningfully expand reinsurance capabilities.   1 August 2024

Insurance

+Simple acquires Spanish underwriting agency

The deal comes six months after it merged with GMBC.   2 August 2024

Insurance

Consilium grows new Cayman presence with senior hire

New hire boasts decades of P&C experience in Jamaican, Cayman, and Canadian markets.   1 August 2024

Reinsurance

Allstate cuts Florida reinsurance tower at mid-year, shifts toward ILS

ILS starts the heavy lifting from the $340m mark, less than half the prior year trigger.   2 August 2024

Insurance

Guy Carp says market should focus on ‘kitty cats’ over single super cat post-CrowdStrike

Insured losses from CrowdStrike IT outage up to $1bn, broker predicts.   2 August 2024

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