News

Technology

Changing the game

AI offers the potential for insurers to know potential customers’ risks better than they know them themselves – and that’s good news for buyers, says General Re’s chief technology officer.   2 May 2024

Insurance

Beware the profit killers

Macro trends are challenging re/insurers on many fronts across different lines, delegates at Re/Insurance USA 2024 warned.   2 May 2024

Alternative Risk Transfer

Markel ILS unit Nephila holds AuM steady again Q1 at $6.8bn

Premium cession to the ILS unit rises 50% y/y in Q1; asset mix renders revenue gain.   2 May 2024

Technology

Travelers eyes tech talent to focus on AI, engineering & data science

The insurer launches new US office to tap into tech talent in the Atlanta region.   2 May 2024

Reinsurance

Mini-cycles in rates are a new norm for reinsurers

That is according to the CEO of reinsurance at Sompo.   2 May 2024

Insurance

AIG shrinks 35% on asset sales, claims low single digit underlying growth

Int’l commercial lines gained enough margin to recoup profits lost on asset sales.   2 May 2024

Reinsurance

MNK Re targets expansion in surety market with Gallagher swoop

It has hired a surety broker with over 30 years of experience in the market.   2 May 2024

Reinsurance

Hamilton earns rating boost as strategy pays off in favourable market

CEO Albo hails ‘remarkable business transformation’ and improved underwriting.   2 May 2024

Risk Management

Aon launches new tools to assist risk managers and brokers

It is designed to help brokers in North America better understand exposure data.   2 May 2024

Insurance

Acrisure swoops for SME broker expanding Scottish footprint

Affinity was Acrisure’s first acquisition in Scotland in 2023.   2 May 2024

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