News
Insurance
Rating downgrades during the first half of 2019 outpaced rating upgrades for the first time in five years, according to a new AM Best report. 27 August 2019
Insurance
Marine insurer Skuld has teamed up with insurtech Concirrus to roll out a bespoke version of the tech firm’s behaviour-based data analytics platform Quest Marine. 27 August 2019
Insurance
US-based data and analytics firm Zendrive has raised $37 million in its Series B funding led by AXA XL's insurtech venture capital fund XL Innovate. 22 August 2019
Insurance
American International Group (AIG) has appointed The Hartford's Sabra Purtill in a newly created role of deputy CFO, head of treasury, investor & rating agency relations, and corporate development. 22 August 2019
Insurance
P&C ‘can catch up with’ personal lines to leverage advanced analytics for growth: Swiss Re Institute
Commercial lines “can catch up with” personal lines when it comes to the increasing use of advanced analytics to “unlock tangible value”, the Swiss Re Institute's latest sigma report has found. 21 August 2019
Insurance
Profitability for non-life reinsurers' underwriting rose in the first half of 2019 caused in part by below average catastrophe losses, which in turn helped to offset mixed results for life reinsurers, according to Fitch Ratings. 20 August 2019
Insurance
The market for re/insuring California wildfire risk remain in disarray with no consensus on what constitutes adequate rates and little comfort with the risk despite substantial updates to wildfire risk models. 19 August 2019
Insurance
Asia Capital Re has improved its underwriting discipline and is in good shape to achieve stable growth over the next two years, according to rating agency S&P Global Ratings (S&P), which has affirmed the reinsurer’s financial strength rating at ‘A-’, and maintained its outlook for the Singapore-headquartered reinsurer at ‘Stable’. 19 August 2019
Insurance
Challenging business conditions, coupled with cheap financing in the debt market, will continue to fuel mergers and acquisitions (M&A) activity and drive consolidation in the global reinsurance market, according to a new report from Standard & Poor (S&P). 14 August 2019
Insurance
Bermuda-based re/insurer Maiden Holdings' losses almost tripled in the second quarter of 2019 compared to a year ago despite numerous strategic measures to strengthen its capital position and speed up recovery. 13 August 2019
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