News

Insurance

FEMA pegs up to $7bn hit to NFIP from Hurricane Helene claims

The NFIP has paid out roughly $830m, with over 55,000 claims reported as of Nov 7.   13 November 2024

Insurance

Everest strengthens casualty leadership bench in US

The appointees will steer risk, commercial, and middle market excess casualty segments.   13 November 2024

Insurance

Allianz won't likely part ways with asset management unit AllianzGI

The unit is key to the Allianz offer, but CFO comment doesn’t rule out all options.   13 November 2024

Insurance

AIG appoints permanent chief risk officer; hunts for new global CUO

Current CUO takes charge of enterprise risk framework to tackle evolving global risks.   13 November 2024

Insurance

Sedgwick soars to $13.2bn valuation with $1bn Altas investment

Carlyle will maintain its control position in partnership with the investor group.   13 November 2024

Insurance

Allianz commercial lines down Q3 on asset sale & select volume decline

Margin recovery in retail closes some of the gap to commercial, drives forecast upgrade.   13 November 2024

Insurance

Aviva expands at Lloyd’s with five new business lines through Probitas

Probitas will begin quoting for five new classes of business to grow its corporate and specialty offering.   13 November 2024

Insurance

HDI Global rolls out ESG liability insurance offering worldwide

The offering is expected to help clients manage transformation risks and S-criteria costs.   13 November 2024

Alternative Risk Transfer

Reinsurers boost cat bonds to tackle climate risks; 2024 set for record

Fitch: The 144A cat bond may face competition from revived collateralised reinsurance.   13 November 2024

Insurance

Gallagher Bassett lifts long-standing insider to lead captive practice

He will be based in Chicago and oversee the growth of its captive practice.   13 November 2024

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