News

Insurance

Homeowners of America hit in Vesttoo collateral scam, plots legal steps

The Porch Group unit had been able to grab some funds from a reinsurance trust early on.   14 August 2023

Insurance

Talanx ups primary insurance margins, grows double-digit in industrial

Growth follows ‘strong’ gains in commercial, ‘more deliberate’ action in specialty.   14 August 2023

Insurance

Aon strikes back at Vesttoo; names $137m losses in collateral scandal

Some 21 deals for Beazley, Allianz, Clear Blue, Convex, Chaucer, SiriusPoint, others hit.   14 August 2023

Insurance

Allstate losses stack up too high: S&P cuts ratings

Continued cat losses remain a big threat in H2 as Allstates heads for deepened losses.   14 August 2023

Insurance

Vesttoo scandal could shake up fronting and rejig their reinsurance

A prior drift into captive and unrated reinsurance cover could unwind under pressure.   11 August 2023

Insurance

New CEO at Vesttoo sets new course for the courthouse

The scandal-ridden insurtech vows broad legal action to clear its name, recoup damages.   11 August 2023

Insurance

Munich Re on track for 25% growth targets in specialty insurance

Margins can still enjoy untapped synergies in underwiring, sales, claims and more.   11 August 2023

Insurance

Brookfield Re will join the $100bn club on Argo & AEL buys

Re/insurer says it will be a leading US annuity originator after close of AEL purchase.   11 August 2023

Insurance

Lull in insurer M&A ‘short-lived’, market to rebound by end of 2023

Insurers are taking ‘keep calm and carry on’ approach; appetite for insurtechs ‘diminishing’.   10 August 2023

Insurance

Munich Re-backed insurtech At-Bay transitions to full-stack E&S carrier

It secured an AM Best rating of A- with stable outlook in April.   10 August 2023

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