News

Insurance

Texas’ TWIA suffered 40% hike in reinsurance rate-on-line to 9.1%

TWIA will pay ‘a little bit lower’ than budget, but ‘significantly’ above prior year.   9 August 2023

Insurance

Ryan Specialty to slow hiring machine after 2022 turbo run

The bumper crop of new hires will be margin positive in 2024; pay rates fully in check.   8 August 2023

Insurance

Argo falls to $0.5m loss ahead of Brookfield Re sale

The specialty re/insurer’s gross written premiums fell 23.2% due to businesses sold and exited.   8 August 2023

Insurance

Cyber MGA Resilience bags $100m funding for European expansion

The funding is led by Intact with participation from Lightspeed Venture.   8 August 2023

Insurance

Above the fray: hike in property cat retentions has done the trick

Volatility is for primaries; reinsurers gliding through H1 nat cats largely unscathed.   8 August 2023

Insurance

On-demand insurtech Inshur hires Munich Re leader to scale European business

He was head of performance management and pricing at Munich Re units.   8 August 2023

Insurance

Hiscox joins Munich Re to boost capacity in US flood market

Parametric insurtech FloodFlash secures fresh capacity deal with Hiscox.   8 August 2023

Insurance

Howden plucks Aon/Marsh veteran in property push

The exec to service UK and European companies with large and complex property risks.   7 August 2023

Insurance

Scandal-hit Vesttoo: ‘significant’ senior execs exit, 50 ‘focused’ remain

Vesttoo says KYC check was conducted on all parties internally and by external organisations.   7 August 2023

Insurance

Rokstone launches A&H business targeting £100m GWP with Optio hire

The hire says the business plan is ambitious but achievable amid bursting opportunities for MGAs.   7 August 2023

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